FedEx Co. (NYSE:FDX) Shares Sold by Prudential PLC

Prudential PLC lessened its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 52.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,413 shares of the shipping service provider's stock after selling 3,815 shares during the period. Prudential PLC's holdings in FedEx were worth $960,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of FedEx during the 4th quarter worth approximately $807,352,000. Raymond James Financial Inc. acquired a new stake in FedEx during the 4th quarter worth $234,028,000. ACR Alpine Capital Research LLC lifted its position in FedEx by 62.9% in the fourth quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider's stock valued at $239,909,000 after acquiring an additional 329,170 shares during the last quarter. Franklin Resources Inc. boosted its stake in FedEx by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock valued at $1,209,338,000 after acquiring an additional 323,115 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC grew its holdings in shares of FedEx by 22,317.0% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 322,580 shares of the shipping service provider's stock worth $90,751,000 after purchasing an additional 321,141 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FDX. Bank of America decreased their target price on FedEx from $295.00 to $272.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Oppenheimer reissued a "market perform" rating on shares of FedEx in a report on Friday, March 21st. BNP Paribas raised shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. StockNews.com upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of FedEx in a research report on Friday, March 7th. They set a "buy" rating and a $337.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and an average target price of $300.63.

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Insider Activity

In related news, COO John Alan Smith sold 6,155 shares of the stock in a transaction on Thursday, March 27th. The stock was 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 owns 23,347 shares of the company's stock, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company's stock.

FedEx Price Performance

Shares of FDX traded up $1.06 on Friday, reaching $207.46. The stock had a trading volume of 2,196,102 shares, compared to its average volume of 1,778,362. FedEx Co. has a twelve month low of $194.30 and a twelve month high of $313.84. The firm has a market capitalization of $49.71 billion, a PE ratio of 13.22, a PEG ratio of 1.11 and a beta of 1.24. The firm has a 50-day moving average of $244.07 and a 200 day moving average of $265.74. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

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

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $1.38 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.66%. FedEx's dividend payout ratio is presently 34.63%.

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.