American Century Companies Inc. Buys 4,421 Shares of FedEx Co. (NYSE:FDX)

American Century Companies Inc. grew its position in FedEx Co. (NYSE:FDX - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 439,047 shares of the shipping service provider's stock after buying an additional 4,421 shares during the period. American Century Companies Inc. owned approximately 0.18% of FedEx worth $123,517,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after acquiring an additional 52 shares during the last quarter. Peoples Financial Services CORP. purchased a new position in shares of FedEx in the fourth quarter worth $28,000. City Holding Co. bought a new position in shares of FedEx during the fourth quarter valued at $28,000. Kentucky Trust Co bought a new position in shares of FedEx during the fourth quarter valued at $28,000. Finally, Activest Wealth Management bought a new stake in FedEx in the 4th quarter worth about $29,000. Institutional investors own 84.47% of the company's stock.

Insider Activity at FedEx

In related news, Director Amy B. Lane purchased 333 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the acquisition, the director now owns 333 shares of the company's stock, valued at approximately $91,927.98. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

Several research firms have issued reports on FDX. Piper Sandler cut shares of FedEx to a "neutral" rating in a research note on Monday, February 3rd. Oppenheimer restated a "market perform" rating on shares of FedEx in a report on Friday. Bank of America decreased their target price on shares of FedEx from $295.00 to $272.00 and set a "buy" rating for the company in a research note on Friday. Stephens dropped their price target on FedEx from $320.00 to $300.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, TD Cowen reduced their price objective on FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, FedEx currently has a consensus rating of "Moderate Buy" and a consensus target price of $300.60.

FedEx Price Performance

NYSE FDX traded down $1.54 on Tuesday, reaching $240.79. The company had a trading volume of 1,779,245 shares, compared to its average volume of 1,859,651. The stock has a market capitalization of $57.99 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. FedEx Co. has a 12 month low of $217.22 and a 12 month high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm's 50 day moving average price is $259.31 and its 200 day moving average price is $272.04.

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

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, March 10th. FedEx's dividend payout ratio is 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.