FedEx Co. (NYSE:FDX) Shares Acquired by Anomaly Capital Management LP

Anomaly Capital Management LP increased its stake in FedEx Co. (NYSE:FDX - Free Report) by 62.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,789 shares of the shipping service provider's stock after acquiring an additional 113,584 shares during the period. FedEx makes up about 2.5% of Anomaly Capital Management LP's holdings, making the stock its 18th largest holding. Anomaly Capital Management LP owned about 0.12% of FedEx worth $82,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC raised its stake in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after acquiring an additional 52 shares in the last quarter. Transce3nd LLC purchased a new position in FedEx during the 4th quarter worth approximately $26,000. Peoples Financial Services CORP. purchased a new stake in FedEx in the fourth quarter valued at approximately $28,000. City Holding Co. purchased a new position in shares of FedEx during the fourth quarter worth approximately $28,000. Finally, Kentucky Trust Co acquired a new position in shares of FedEx in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Down 1.1 %

NYSE FDX opened at $205.21 on Tuesday. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The stock has a market cap of $49.17 billion, a PE ratio of 13.08, a P/E/G ratio of 1.11 and a beta of 1.24. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average price of $237.90 and a two-hundred day moving average price of $263.23.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.86 EPS. As a group, sell-side analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.69%. FedEx's dividend payout ratio (DPR) is presently 34.63%.

Insider Buying and Selling

In other FedEx news, COO John Alan Smith sold 6,155 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the sale, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.87% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup cut their price target on FedEx from $305.00 to $267.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their target price on shares of FedEx from $275.00 to $260.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. BMO Capital Markets decreased their price objective on shares of FedEx from $330.00 to $275.00 and set a "market perform" rating on the stock in a report on Friday, March 21st. Truist Financial began coverage on shares of FedEx in a research report on Thursday, March 13th. They set a "buy" rating and a $305.00 price target for the company. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of FedEx in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $300.63.

About FedEx

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.

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