FedEx Co. (NYSE:FDX) Shares Bought by CGN Advisors LLC

CGN Advisors LLC raised its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,315 shares of the shipping service provider's stock after acquiring an additional 1,223 shares during the period. CGN Advisors LLC's holdings in FedEx were worth $2,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in shares of FedEx by 473.8% during the 3rd 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 during the last quarter. Ameriprise Financial Inc. increased its stake in FedEx by 34.6% in the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider's stock worth $674,336,000 after purchasing an additional 578,350 shares during the period. Franklin Resources Inc. lifted its position in shares of FedEx by 8.6% during 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 purchasing an additional 314,380 shares during the last quarter. World Investment Advisors LLC grew its holdings in shares of FedEx by 2,163.7% in the third quarter. World Investment Advisors LLC now owns 192,441 shares of the shipping service provider's stock worth $52,667,000 after purchasing an additional 183,940 shares during the last quarter. Finally, Empirical Asset Management LLC purchased a new position in FedEx in the 4th quarter worth about $49,445,000. Institutional investors own 84.47% of the company's stock.

Insider Activity

In other news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, the chief executive officer now owns 111,886 shares in the company, valued at $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of FedEx 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 transaction, the director now owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company's stock.

FedEx Stock Down 0.8 %

Shares of FDX stock traded down $2.26 during trading hours on Friday, reaching $275.11. 1,577,458 shares of the company's stock were exchanged, compared to its average volume of 1,877,061. The stock has a market cap of $66.26 billion, a PE ratio of 17.53, a PEG ratio of 1.12 and a beta of 1.20. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock's fifty day moving average price is $283.48 and its two-hundred day moving average price is $283.94. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $22.14 billion. During the same quarter in the prior year, the business posted $3.99 EPS. FedEx's revenue for the quarter was down .7% compared to the same quarter last year. Research analysts predict that FedEx Co. will post 19.2 EPS for the current 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 paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 2.01%. FedEx's payout ratio is presently 35.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Loop Capital raised FedEx from a "hold" rating to a "buy" rating and increased their price objective for the stock from $288.00 to $365.00 in a research note on Friday, December 20th. Stifel Nicolaus lifted their target price on FedEx from $321.00 to $368.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Wells Fargo & Company raised their price target on FedEx from $305.00 to $320.00 and gave the company an "equal weight" rating in a research note on Friday, December 20th. Finally, TD Cowen upped their price objective on shares of FedEx from $328.00 to $337.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company 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.