Czech National Bank Purchases 2,828 Shares of FedEx Co. (NYSE:FDX)

Czech National Bank increased its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,737 shares of the shipping service provider's stock after buying an additional 2,828 shares during the quarter. Czech National Bank's holdings in FedEx were worth $13,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. International Assets Investment Management LLC grew its holdings 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 purchasing an additional 647,926 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in FedEx by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider's stock worth $674,336,000 after buying an additional 578,350 shares in the last quarter. Franklin Resources Inc. increased its holdings in FedEx by 8.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock valued at $1,042,050,000 after buying an additional 314,380 shares during the period. World Investment Advisors LLC raised its stake in shares of 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 buying an additional 183,940 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its holdings in shares of FedEx by 77.8% during the 3rd quarter. Ceredex Value Advisors LLC now owns 368,107 shares of the shipping service provider's stock worth $101,022,000 after acquiring an additional 161,022 shares during the period. 84.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on FDX. Loop Capital raised FedEx from a "hold" rating to a "buy" rating and lifted their price objective for the company from $288.00 to $365.00 in a report on Friday, December 20th. Wells Fargo & Company boosted 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. Bernstein Bank increased their price objective on FedEx from $305.00 to $337.00 and gave the stock an "overweight" rating in a research note on Friday, September 20th. Barclays boosted their target price on shares of FedEx from $350.00 to $365.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group cut their price target on shares of FedEx from $333.00 to $332.00 in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $325.61.

FedEx Stock Up 1.1 %

Shares of NYSE FDX traded up $3.04 during mid-day trading on Tuesday, hitting $277.63. The company had a trading volume of 1,360,869 shares, compared to its average volume of 1,474,956. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The company has a market capitalization of $66.87 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The firm has a 50-day simple moving average of $283.89 and a two-hundred day simple moving average of $284.31.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.88 by $0.17. The company had revenue of $22 billion for the quarter, compared to analysts' expectations of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business's revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.99 EPS. On average, equities analysts expect that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 1.99%. FedEx's dividend payout ratio (DPR) is presently 35.18%.

Insider Buying and Selling at FedEx

In related news, CEO Richard W. Smith sold 2,576 shares of the business's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the transaction, the chief executive officer now owns 111,886 shares of the company's stock, valued at $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares of the company's stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The disclosure for this sale 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.