Natixis Raises Stock Position in FedEx Co. (NYSE:FDX)

Natixis lifted its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 1,061.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,982 shares of the shipping service provider's stock after buying an additional 32,883 shares during the period. Natixis' holdings in FedEx were worth $10,123,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FDX. Fortitude Family Office LLC lifted 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 buying an additional 52 shares in the last quarter. Peoples Financial Services CORP. purchased a new stake in shares of FedEx during the fourth quarter valued at approximately $28,000. City Holding Co. bought a new stake in FedEx during the fourth quarter worth $28,000. Kentucky Trust Co purchased a new position in FedEx in the fourth quarter worth $28,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in FedEx in the 4th quarter valued at $28,000. Institutional investors own 84.47% of the company's stock.

FedEx Trading Down 2.0 %

FedEx stock traded down $4.24 during mid-day trading on Friday, hitting $211.45. The company's stock had a trading volume of 1,327,976 shares, compared to its average volume of 1,773,137. The business has a 50 day moving average price of $234.59 and a 200-day moving average price of $262.17. FedEx Co. has a 12 month low of $194.30 and a 12 month high of $313.84. The stock has a market cap of $50.66 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

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). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter in the previous year, the business earned $3.86 earnings per share. FedEx's revenue was up 1.9% compared to the same quarter last year. As a group, analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Monday, March 10th. FedEx's dividend payout ratio (DPR) is presently 34.63%.

Insider Buying and Selling at FedEx

In related news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. The trade was a 20.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FDX shares. Citigroup lowered their target price on FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Bank of America lowered 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. Oppenheimer restated a "market perform" rating on shares of FedEx in a research note on Friday, March 21st. Wells Fargo & Company dropped their price objective on FedEx from $260.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Barclays decreased their target price on FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, FedEx has a consensus rating of "Moderate Buy" and an average price target of $297.71.

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.