1,390 Shares in FedEx Co. (NYSE:FDX) Acquired by bLong Financial LLC

bLong Financial LLC purchased a new stake in FedEx Co. (NYSE:FDX - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,390 shares of the shipping service provider's stock, valued at approximately $391,000.

A number of other large investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in shares of FedEx by 473.8% in the third quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider's stock worth $2,147,540,000 after acquiring an additional 647,926 shares in the last quarter. Franklin Resources Inc. increased its position in FedEx by 8.6% in the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock worth $1,042,050,000 after buying an additional 314,380 shares during the period. KBC Group NV grew its position in FedEx by 197.4% in the 4th quarter. KBC Group NV now owns 341,390 shares of the shipping service provider's stock worth $96,043,000 after purchasing an additional 226,608 shares during the last quarter. World Investment Advisors LLC increased its position in FedEx by 2,163.7% in the 3rd quarter. World Investment Advisors LLC now owns 192,441 shares of the shipping service provider's stock valued at $52,667,000 after acquiring an additional 183,940 shares during the period. Finally, Empirical Asset Management LLC bought a new position in shares of FedEx in the fourth quarter worth $49,445,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Price Performance

NYSE:FDX traded down $0.44 during trading hours on Wednesday, hitting $267.02. The company's stock had a trading volume of 957,162 shares, compared to its average volume of 1,646,402. The stock has a fifty day simple moving average of $271.93 and a 200-day simple moving average of $278.53. FedEx Co. has a twelve month low of $235.32 and a twelve month high of $313.84. 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 company has a market capitalization of $64.31 billion, a P/E ratio of 17.02, a PEG ratio of 1.11 and a beta of 1.18.

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

FedEx Dividend Announcement

The company 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 $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.07%. FedEx's dividend payout ratio is presently 35.18%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on FedEx from $350.00 to $365.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. BMO Capital Markets raised their price target on shares of FedEx from $300.00 to $330.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Loop Capital lowered FedEx from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $365.00 to $283.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on shares of FedEx from $370.00 to $372.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Finally, Stephens reduced their price objective on shares of FedEx from $350.00 to $345.00 and set an "overweight" rating for the company 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $321.87.

Insider Activity

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction that occurred on 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 owns 8,904 shares in the company, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy B. Lane acquired 333 shares of the stock in a transaction dated Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the purchase, the director now owns 333 shares of the company's stock, valued at approximately $91,927.98. The trade was a ∞ 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 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.