FedEx Co. (NYSE:FDX) Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC reduced its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 342,598 shares of the shipping service provider's stock after selling 5,410 shares during the quarter. FedEx comprises about 1.8% of Clarkston Capital Partners LLC's investment portfolio, making the stock its 19th biggest position. Clarkston Capital Partners LLC owned 0.14% of FedEx worth $96,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDX. Vanguard Group Inc. raised its holdings in FedEx by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock valued at $5,682,727,000 after buying an additional 56,236 shares during the period. Geode Capital Management LLC raised its holdings in shares of FedEx by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock worth $1,350,686,000 after buying an additional 109,006 shares during the period. Franklin Resources Inc. lifted its stake in shares of FedEx by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after acquiring an additional 323,115 shares during the last quarter. Norges Bank bought a new stake in shares of FedEx during the 4th quarter worth approximately $807,352,000. Finally, Mawer Investment Management Ltd. grew its position in FedEx by 5.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,361,808 shares of the shipping service provider's stock valued at $664,447,000 after acquiring an additional 130,044 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In related news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction 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 sale, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Alan Smith sold 6,155 shares of the business's 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 completion of 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 trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company's stock.

FedEx Trading Down 0.5 %

Shares of NYSE:FDX traded down $0.94 during mid-day trading on Friday, reaching $205.46. 850,823 shares of the company were exchanged, compared to its average volume of 1,767,859. FedEx Co. has a 1 year low of $194.30 and a 1 year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm's 50-day simple moving average is $244.94 and its 200 day simple moving average is $266.13. The firm has a market cap of $49.23 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 1.11 and a beta of 1.24.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.86 earnings per share. Equities research analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.69%. FedEx's dividend payout ratio is currently 34.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays lowered their price objective on shares of FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Citigroup dropped their price objective on FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a research note on Tuesday. Raymond James decreased their target price on FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. UBS Group dropped their price target on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, StockNews.com upgraded FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $300.63.

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.