Aquatic Capital Management LLC Takes Position in FedEx Co. (NYSE:FDX)

Aquatic Capital Management LLC purchased a new stake in FedEx Co. (NYSE:FDX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 79,941 shares of the shipping service provider's stock, valued at approximately $22,490,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Regal Investment Advisors LLC increased its holdings in FedEx by 2.4% during the fourth quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock valued at $451,000 after buying an additional 38 shares during the period. Cetera Trust Company N.A increased its holdings in FedEx by 0.5% during the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider's stock valued at $2,230,000 after buying an additional 40 shares during the period. Griffin Asset Management Inc. increased its holdings in FedEx by 0.4% during the fourth quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider's stock valued at $2,916,000 after buying an additional 40 shares during the period. Aviso Financial Inc. increased its holdings in FedEx by 1.2% during the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock valued at $957,000 after buying an additional 40 shares during the period. Finally, Garner Asset Management Corp increased its holdings in FedEx by 0.7% during the fourth quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider's stock valued at $1,659,000 after buying an additional 41 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on FDX shares. Oppenheimer reissued a "market perform" rating on shares of FedEx in a report on Friday, March 21st. BNP Paribas upgraded FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Cfra Research upgraded FedEx to a "hold" rating in a research note on Thursday, March 20th. UBS Group reduced their target price on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, TD Cowen reduced their target price on FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $297.71.

Insiders Place Their Bets

In other FedEx news, COO John Alan Smith sold 6,155 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the transaction, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.87% of the stock is currently owned by company insiders.

FedEx Stock Performance

FedEx stock traded down $0.08 during midday trading on Monday, hitting $211.48. 1,360,796 shares of the company were exchanged, compared to its average volume of 1,778,336. The firm has a market capitalization of $50.67 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The business has a fifty day simple moving average of $232.36 and a two-hundred day simple moving average of $261.42. 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 (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion for the quarter, compared to analysts' expectations of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.86 EPS. On average, sell-side analysts forecast that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.61%. FedEx's dividend payout ratio is currently 34.63%.

FedEx 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.