Thrivent Financial for Lutherans Has $4.13 Million Stock Position in FedEx Co. (NYSE:FDX)

Thrivent Financial for Lutherans reduced its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,633 shares of the shipping service provider's stock after selling 2,346 shares during the quarter. Thrivent Financial for Lutherans' holdings in FedEx were worth $4,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortitude Family Office LLC raised its position in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after purchasing an additional 52 shares during the last quarter. Peoples Financial Services CORP. bought a new position in shares of FedEx in the fourth quarter valued at about $28,000. City Holding Co. acquired a new position in FedEx during the 4th quarter worth about $28,000. Kentucky Trust Co bought a new stake in FedEx during the 4th quarter worth about $28,000. Finally, Activest Wealth Management acquired a new stake in FedEx in the 4th quarter valued at about $29,000. 84.47% of the stock is owned by institutional investors.

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the business's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John W. Dietrich purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares of the company's stock, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 12,711 shares of company stock worth $3,312,693 over the last quarter. Company insiders own 8.87% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently commented on FDX shares. Barclays decreased their price target on shares of FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Stifel Nicolaus dropped their price objective on FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a report on Friday, March 21st. Loop Capital cut FedEx from a "hold" rating to a "sell" rating and reduced their target price for the stock from $283.00 to $221.00 in a report on Friday, March 21st. Sanford C. Bernstein downgraded shares of FedEx from an "outperform" rating to a "market perform" rating and cut their price target for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Finally, Raymond James reduced their price objective on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $302.71.

FedEx Stock Down 0.9 %

FDX stock traded down $2.17 during midday trading on Friday, hitting $241.75. The company's stock had a trading volume of 1,679,093 shares, compared to its average volume of 1,744,375. The company's fifty day moving average price is $256.59 and its 200 day moving average price is $270.98. FedEx Co. has a twelve month low of $217.22 and a twelve month 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 stock has a market capitalization of $58.22 billion, a P/E ratio of 15.41, a PEG ratio of 1.11 and a beta of 1.23.

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

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.28%. FedEx's dividend payout ratio is currently 34.63%.

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.