Allianz SE Purchases Shares of 65,201 FedEx Co. (NYSE:FDX)

Allianz SE acquired a new position in FedEx Co. (NYSE:FDX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 65,201 shares of the shipping service provider's stock, valued at approximately $18,342,000.

Several other large investors have also recently bought and sold shares of the company. bLong Financial LLC bought a new stake in FedEx in the fourth quarter valued at about $391,000. Virtu Financial LLC acquired a new position in shares of FedEx during the 3rd quarter worth about $3,405,000. Lodestone Wealth Management LLC bought a new stake in shares of FedEx in the 4th quarter valued at about $461,000. Wedmont Private Capital raised its position in shares of FedEx by 4.1% in the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock valued at $631,000 after acquiring an additional 91 shares during the period. Finally, GFS Advisors LLC bought a new position in FedEx during the 4th quarter worth approximately $26,855,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FDX shares. Wells Fargo & Company decreased their price target on shares of FedEx from $275.00 to $260.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. StockNews.com upgraded FedEx from a "hold" rating to a "buy" rating in a report on Friday, December 20th. Cfra Research upgraded FedEx to a "hold" rating in a report on Thursday, March 20th. Citigroup lowered their target price on FedEx from $347.00 to $317.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of FedEx in a research note on Friday, March 7th. They issued a "buy" rating and a $337.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $302.71.

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Insider Activity

In related news, COO John Alan Smith sold 6,155 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,711 shares of company stock worth $3,312,693. Corporate insiders own 8.87% of the company's stock.

FedEx Price Performance

Shares of FedEx stock traded up $2.31 on Wednesday, reaching $244.29. 387,950 shares of the stock were exchanged, compared to its average volume of 1,734,817. The firm's 50 day moving average is $255.30 and its 200-day moving average is $270.28. The firm has a market cap of $58.53 billion, a PE ratio of 15.57, a P/E/G ratio of 1.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a one year low of $217.22 and a one year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same period in the prior year, the business posted $3.86 EPS. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a $1.38 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.26%. FedEx's dividend payout ratio (DPR) is currently 34.63%.

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.