Bryn Mawr Capital Management LLC Has $90.75 Million Holdings in FedEx Co. (NYSE:FDX)

Bryn Mawr Capital Management LLC boosted its holdings in FedEx Co. (NYSE:FDX - Free Report) by 22,317.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,580 shares of the shipping service provider's stock after acquiring an additional 321,141 shares during the quarter. FedEx accounts for approximately 3.4% of Bryn Mawr Capital Management LLC's holdings, making the stock its 5th largest position. Bryn Mawr Capital Management LLC owned approximately 0.13% of FedEx worth $90,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FDX. Exchange Traded Concepts LLC bought a new position in FedEx in the 3rd quarter valued at approximately $97,000. Blue Trust Inc. lifted its holdings in shares of FedEx by 112.0% during the 3rd quarter. Blue Trust Inc. now owns 1,802 shares of the shipping service provider's stock valued at $540,000 after buying an additional 952 shares during the period. OLD National Bancorp IN lifted its holdings in shares of FedEx by 2.1% during the 3rd quarter. OLD National Bancorp IN now owns 3,930 shares of the shipping service provider's stock valued at $1,076,000 after buying an additional 80 shares during the period. Vest Financial LLC bought a new position in shares of FedEx during the 3rd quarter valued at $336,000. Finally, Venture Visionary Partners LLC lifted its holdings in shares of FedEx by 23.1% during the 3rd quarter. Venture Visionary Partners LLC now owns 4,713 shares of the shipping service provider's stock valued at $1,290,000 after buying an additional 884 shares during the period. 84.47% of the stock is owned by institutional investors.

FedEx Price Performance

Shares of FDX traded down $14.49 during midday trading on Friday, hitting $253.97. 4,326,577 shares of the company traded hands, compared to its average volume of 1,678,867. The firm has a 50 day moving average of $271.34 and a 200-day moving average of $278.38. FedEx Co. has a 52 week low of $239.07 and a 52 week high of $313.84. The stock has a market cap of $61.17 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.10 and a beta of 1.18. 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 released 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. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the prior year, the firm earned $3.99 EPS. The business's revenue was down .7% on a year-over-year basis. On average, analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Monday, March 10th. FedEx's dividend payout ratio (DPR) is presently 35.18%.

Insider Buying and Selling at FedEx

In other FedEx news, Director Amy B. Lane purchased 333 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average price of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John W. Dietrich purchased 1,000 shares of the stock in a transaction that occurred on 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 acquisition, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. The trade was a 12.40 % increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FDX. Stifel Nicolaus lowered their price target on FedEx from $368.00 to $364.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. BNP Paribas raised FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Citigroup increased their price target on FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Raymond James increased their price target on FedEx from $305.00 to $320.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Finally, Loop Capital lowered FedEx from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $365.00 to $283.00 in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, FedEx has an average rating of "Moderate Buy" and a consensus price target of $321.87.

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.