24,521 Shares in FedEx Co. (NYSE:FDX) Acquired by Avanza Fonder AB

Avanza Fonder AB bought a new stake in FedEx Co. (NYSE:FDX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,521 shares of the shipping service provider's stock, valued at approximately $6,898,000.

Other institutional investors have also bought and sold shares of the company. IVC Wealth Advisors LLC increased its stake in shares of FedEx by 2.0% in the 3rd quarter. IVC Wealth Advisors LLC now owns 1,948 shares of the shipping service provider's stock valued at $533,000 after acquiring an additional 38 shares in the last quarter. Citizens Financial Group Inc. RI grew its holdings in FedEx by 3.0% in the third quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider's stock worth $360,000 after purchasing an additional 38 shares during the period. Turtle Creek Wealth Advisors LLC raised its holdings in shares of FedEx by 4.0% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 1,020 shares of the shipping service provider's stock valued at $279,000 after purchasing an additional 39 shares during the period. Buckley Wealth Management LLC boosted its position in shares of FedEx by 1.0% during the 3rd quarter. Buckley Wealth Management LLC now owns 3,975 shares of the shipping service provider's stock worth $1,088,000 after purchasing an additional 40 shares in the last quarter. Finally, Evermay Wealth Management LLC grew its stake 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 during the period. Institutional investors own 84.47% of the company's stock.

FedEx Price Performance

NYSE FDX traded down $2.26 during trading on Friday, reaching $275.11. The company's stock had a trading volume of 1,577,458 shares, compared to its average volume of 1,513,014. The stock has a market capitalization of $66.26 billion, a PE ratio of 17.53, a P/E/G ratio of 1.12 and a beta of 1.20. 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 fifty day moving average of $283.70 and a 200 day moving average of $284.20. FedEx Co. has a one year low of $234.45 and a one year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping 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 company had revenue of $22 billion for the quarter, compared to analysts' expectations of $22.14 billion. During the same period in the prior year, the business earned $3.99 earnings per share. FedEx's revenue for the quarter was down .7% compared to the same quarter last year. Analysts expect that FedEx Co. will post 19.2 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.01%. FedEx's payout ratio is 35.18%.

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John W. Dietrich acquired 1,000 shares of the business's stock in a transaction dated Tuesday, January 7th. The stock was acquired 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 $2,484,176.66. This represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FDX shares. Bernstein Bank increased their price target on FedEx from $305.00 to $337.00 and gave the stock an "overweight" rating in a report on Friday, September 20th. Loop Capital raised shares of FedEx from a "hold" rating to a "buy" rating and lifted their price target for the company from $288.00 to $365.00 in a research report on Friday, December 20th. Raymond James raised their price objective on shares of FedEx from $305.00 to $320.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. Citigroup upped their target price on shares of FedEx from $301.00 to $331.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, Robert W. Baird cut their price target on FedEx from $340.00 to $320.00 and set an "outperform" rating for the company in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, FedEx currently has a consensus rating of "Moderate Buy" and a consensus price target of $325.61.

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.