FIL Ltd Sells 91,216 Shares of FedEx Co. (NYSE:FDX)

FIL Ltd cut its stake in FedEx Co. (NYSE:FDX - Free Report) by 13.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 571,452 shares of the shipping service provider's stock after selling 91,216 shares during the quarter. FIL Ltd owned approximately 0.24% of FedEx worth $160,767,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in FedEx by 144.4% during the fourth 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 during the last quarter. Peoples Financial Services CORP. acquired a new position in FedEx during the 4th quarter worth about $28,000. City Holding Co. acquired a new position in shares of FedEx in the fourth quarter valued at approximately $28,000. Kentucky Trust Co purchased a new stake in shares of FedEx during the fourth quarter worth $28,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in FedEx in the 4th quarter valued at about $28,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of FDX stock traded up $4.72 during trading hours on Monday, reaching $212.49. The stock had a trading volume of 375,655 shares, compared to its average volume of 1,772,943. 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 simple moving average of $244.07 and a 200-day simple moving average of $265.74. The firm has a market capitalization of $50.91 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. FedEx Co. has a twelve month low of $194.30 and a twelve month high of $313.84.

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FedEx (NYSE:FDX - Get Free Report) last announced 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). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter in the prior year, the company earned $3.86 EPS. The business's quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts forecast that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $1.38 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.60%. FedEx's payout ratio is currently 34.63%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FDX shares. StockNews.com upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. UBS Group dropped their price objective on shares of FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Stephens reduced their price target on shares of FedEx from $320.00 to $300.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Barclays cut their price target on FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a report on Friday, March 21st. Finally, Oppenheimer restated a "market perform" rating on shares of FedEx in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $300.63.

Insider Activity

In related news, Director Susan C. Schwab sold 3,980 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company's stock.

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.