FedEx Co. (NYSE:FDX) Stock Position Raised by Alberta Investment Management Corp

Alberta Investment Management Corp boosted its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 240.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,100 shares of the shipping service provider's stock after acquiring an additional 25,500 shares during the period. Alberta Investment Management Corp's holdings in FedEx were worth $10,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IVC Wealth Advisors LLC grew its holdings in FedEx by 2.0% during the 3rd quarter. IVC Wealth Advisors LLC now owns 1,948 shares of the shipping service provider's stock worth $533,000 after acquiring an additional 38 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in shares of FedEx by 3.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider's stock valued at $360,000 after buying an additional 38 shares in the last quarter. Turtle Creek Wealth Advisors LLC boosted its holdings in shares of FedEx by 4.0% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,020 shares of the shipping service provider's stock valued at $279,000 after buying an additional 39 shares in the last quarter. Evermay Wealth Management LLC boosted its holdings in shares of FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock valued at $26,000 after buying an additional 40 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of FedEx by 1.5% in the 3rd quarter. Harbour Investments Inc. now owns 2,661 shares of the shipping service provider's stock valued at $728,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Trading Down 5.1 %

NYSE FDX traded down $13.67 during mid-day trading on Friday, hitting $254.79. The company's stock had a trading volume of 3,484,987 shares, compared to its average volume of 1,670,095. FedEx Co. has a 52-week low of $239.07 and a 52-week high of $313.84. The stock's fifty day simple moving average is $271.34 and its two-hundred day simple moving average is $278.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm has a market capitalization of $61.37 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same quarter last year, the firm posted $3.99 earnings per share. FedEx's revenue for the quarter was down .7% compared to the same quarter last year. Research analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.17%. FedEx's dividend payout ratio (DPR) is presently 35.18%.

Insider Buying and Selling

In other news, Director Amy B. Lane purchased 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The stock was bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares in the company, valued at $91,927.98. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the company's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the sale, the director now directly owns 8,904 shares of the company's stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.87% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of FedEx from $350.00 to $365.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Bank of America increased their price target on shares of FedEx from $325.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Raymond James increased their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. increased their price target on shares of FedEx from $370.00 to $372.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Finally, BNP Paribas upgraded shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, FedEx presently has an average rating of "Moderate Buy" and a consensus target price of $321.87.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.