Davidson Investment Advisors increased its position in FedEx Co. (NYSE:FDX - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,127 shares of the shipping service provider's stock after buying an additional 1,102 shares during the period. Davidson Investment Advisors' holdings in FedEx were worth $23,667,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC increased its position in FedEx by 473.8% during 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 purchasing an additional 647,926 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of FedEx by 8.6% during 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. KBC Group NV increased its holdings in shares of FedEx by 197.4% during the 4th quarter. KBC Group NV now owns 341,390 shares of the shipping service provider's stock worth $96,043,000 after buying an additional 226,608 shares during the last quarter. World Investment Advisors LLC raised its position 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 worth $52,667,000 after buying an additional 183,940 shares during the period. Finally, Empirical Asset Management LLC acquired a new position in FedEx in the fourth quarter valued at $49,445,000. Hedge funds and other institutional investors own 84.47% of the company's stock.
Insider Buying and Selling at FedEx
In related news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction dated 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 of the company's stock, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John W. Dietrich bought 1,000 shares of FedEx stock in a transaction on Tuesday, January 7th. The shares were purchased at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the purchase, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several brokerages have commented on FDX. BNP Paribas upgraded FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. TD Cowen raised their price target on shares of FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a report on Friday, December 20th. Stephens decreased their price objective on shares of FedEx from $350.00 to $345.00 and set an "overweight" rating for the company in a research note on Friday, December 20th. Barclays increased their price objective on shares of FedEx from $350.00 to $365.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus reduced their target price on shares of FedEx from $368.00 to $364.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $321.87.
View Our Latest Stock Report on FDX
FedEx Stock Performance
Shares of NYSE FDX traded down $14.49 during trading on Friday, reaching $253.97. The stock had a trading volume of 4,329,771 shares, compared to its average volume of 1,697,695. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The stock has a market cap of $61.17 billion, a PE ratio of 16.19, a P/E/G ratio of 1.10 and a beta of 1.18. FedEx Co. has a one year low of $239.07 and a one year high of $313.84. The firm's 50 day moving average price is $270.75 and its two-hundred day moving average price is $278.18.
FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share 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 firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same quarter in the previous year, the firm earned $3.99 earnings per share. The firm's revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.
FedEx Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.17%. FedEx's dividend payout ratio is currently 35.18%.
FedEx Profile
(
Free Report)
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.
See Also
Before you consider FedEx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FedEx wasn't on the list.
While FedEx currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
