Mizuho Securities USA LLC Raises Position in FedEx Co. (NYSE:FDX)

Mizuho Securities USA LLC grew its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 45.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,304 shares of the shipping service provider's stock after purchasing an additional 6,690 shares during the quarter. Mizuho Securities USA LLC's holdings in FedEx were worth $5,993,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. bLong Financial LLC bought a new position in FedEx in the 4th quarter worth approximately $391,000. Virtu Financial LLC bought a new position in shares of FedEx in the third quarter worth $3,405,000. Lodestone Wealth Management LLC purchased a new position in shares of FedEx in the fourth quarter valued at $461,000. Wedmont Private Capital raised its stake in shares of FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock valued at $631,000 after purchasing an additional 91 shares during the period. Finally, GFS Advisors LLC purchased a new stake in FedEx during the 4th quarter worth about $26,855,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

Insider Buying and Selling

In other news, CEO Richard W. Smith sold 2,576 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, the chief executive officer now directly owns 111,886 shares of the company's stock, valued at $30,984,589.98. The trade was a 2.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amy B. Lane acquired 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the transaction, the director now owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by insiders.

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FedEx Trading Down 0.5 %

FDX traded down $1.13 during trading on Tuesday, hitting $241.19. 2,255,271 shares of the stock traded hands, compared to its average volume of 1,691,409. The firm has a market capitalization of $58.09 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. FedEx Co. has a 12-month low of $217.22 and a 12-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 firm has a 50-day moving average of $259.31 and a 200 day moving average of $272.04.

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 analysts' consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22.16 billion for the quarter, compared to analysts' expectations of $21.96 billion. During the same quarter in the prior year, the company posted $3.86 earnings per share. The business's revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.29%. FedEx's dividend payout ratio is presently 34.63%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FDX shares. BNP Paribas upgraded FedEx from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, January 16th. Oppenheimer reiterated a "market perform" rating on shares of FedEx in a research note on Friday. 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of FedEx in a report on Friday, March 7th. They issued a "buy" rating and a $337.00 price target on the stock. Finally, Sanford C. Bernstein lowered FedEx from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $300.60.

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.