FedEx Co. (NYSE:FDX) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in FedEx Co. (NYSE:FDX - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,351 shares of the shipping service provider's stock after acquiring an additional 2,632 shares during the quarter. Asset Management One Co. Ltd.'s holdings in FedEx were worth $27,293,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its holdings in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after acquiring an additional 52 shares in the last quarter. Evermay Wealth Management LLC raised its holdings in FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock valued at $26,000 after acquiring an additional 40 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in FedEx in the fourth quarter valued at approximately $28,000. City Holding Co. acquired a new stake in FedEx in the fourth quarter valued at approximately $28,000. Finally, Kentucky Trust Co acquired a new stake in FedEx during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on FDX shares. Sanford C. Bernstein cut shares of FedEx from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. TD Cowen raised their price objective on shares of FedEx from $328.00 to $337.00 and gave the stock a "buy" rating in a report on Friday, December 20th. BNP Paribas raised shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Barclays raised their price objective on shares of FedEx from $350.00 to $365.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Finally, StockNews.com raised shares of FedEx from a "hold" rating to a "buy" rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $321.87.

FedEx Stock Performance

NYSE:FDX traded down $1.86 during midday trading on Tuesday, reaching $265.91. The stock had a trading volume of 339,099 shares, compared to its average volume of 1,648,784. The stock has a market cap of $64.05 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.07 and a beta of 1.18. FedEx Co. has a 12-month low of $235.32 and a 12-month high of $313.84. The firm has a fifty day simple moving average of $272.17 and a two-hundred day simple moving average of $278.71. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.88 by $0.17. The company had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.99 EPS. On average, equities analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.08%. FedEx's payout ratio is currently 35.18%.

Insiders Place Their Bets

In related news, Director Amy B. Lane bought 333 shares of the firm's stock in a transaction on Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now owns 333 shares of the company's stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John W. Dietrich purchased 1,000 shares of the business's stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average cost of $273.98 per share, with a total value of $273,980.00. Following the purchase, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.87% of the company's stock.

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.