FedEx Co. (NYSE:FDX) Stock Holdings Raised by Aviva PLC

Aviva PLC raised its position in FedEx Co. (NYSE:FDX - Free Report) by 68.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,538 shares of the shipping service provider's stock after acquiring an additional 56,803 shares during the quarter. Aviva PLC owned approximately 0.06% of FedEx worth $39,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its position in shares of 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. Peoples Financial Services CORP. acquired a new stake in FedEx during the fourth quarter worth approximately $28,000. City Holding Co. purchased a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. Kentucky Trust Co acquired a new position in shares of FedEx in the 4th quarter valued at $28,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of FedEx in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FDX. Raymond James reduced their target price on FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Cfra Research upgraded shares of FedEx to a "hold" rating in a research note on Thursday, March 20th. Deutsche Bank Aktiengesellschaft assumed coverage on FedEx in a research report on Friday, March 7th. They issued a "buy" rating and a $337.00 price objective for the company. TD Cowen reduced their price target on shares of FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Bank of America decreased their price objective on shares of FedEx from $295.00 to $272.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, FedEx has an average rating of "Moderate Buy" and a consensus target price of $300.63.

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FedEx Trading Down 1.0 %

FDX traded down $2.01 on Friday, reaching $204.39. 667,168 shares of the company's stock were exchanged, compared to its average volume of 1,767,402. FedEx Co. has a twelve month low of $194.30 and a twelve month high of $313.84. The company's 50 day moving average is $244.94 and its 200-day moving average is $266.13. 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 company has a market cap of $48.97 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 1.11 and a beta of 1.24.

FedEx (NYSE:FDX - Get Free Report) last issued its 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). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. During the same period in the prior year, the business posted $3.86 EPS. The business's revenue was up 1.9% on a year-over-year basis. Equities analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a dividend of $1.38 per share. The ex-dividend date was Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.70%. FedEx's payout ratio is currently 34.63%.

Insider Buying and Selling

In other FedEx news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the transaction, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at $5,686,161.85. This represents a 20.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares in the company, valued at approximately $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. 8.87% of the stock is currently owned by corporate insiders.

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.