Focused Investors LLC Has $139.15 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Focused Investors LLC lowered its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 494,600 shares of the shipping service provider's stock after selling 4,200 shares during the period. FedEx comprises about 4.4% of Focused Investors LLC's investment portfolio, making the stock its 10th biggest holding. Focused Investors LLC owned 0.21% of FedEx worth $139,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. United Bank acquired a new position in shares of FedEx during the 3rd quarter worth $615,000. Quest Partners LLC bought a new stake in FedEx in the third quarter worth $123,000. Citizens Financial Group Inc. RI increased its position in FedEx by 3.0% during the third quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider's stock worth $360,000 after buying an additional 38 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in FedEx by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider's stock valued at $397,267,000 after buying an additional 13,093 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of FedEx by 6.0% in the third quarter. Raymond James Trust N.A. now owns 11,823 shares of the shipping service provider's stock worth $3,236,000 after buying an additional 667 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

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Insider Buying and Selling at FedEx

In other news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 111,886 shares of the company's stock, valued at $30,984,589.98. This represents a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction on 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on FDX. Jefferies Financial Group upgraded shares of FedEx from a "hold" rating to a "buy" rating and lowered their target price for the company from $300.00 to $275.00 in a research note on Monday. Wells Fargo & Company dropped their price objective on FedEx from $275.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Friday. StockNews.com upgraded FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Sanford C. Bernstein downgraded FedEx from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Finally, Oppenheimer restated a "market perform" rating on shares of FedEx in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $300.60.

FedEx Trading Down 0.5 %

Shares of NYSE FDX traded down $1.13 during midday trading on Tuesday, hitting $241.19. The stock had a trading volume of 2,650,123 shares, compared to its average volume of 1,874,789. The firm has a market cap 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 fifty-two week low of $217.22 and a fifty-two week 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 company's 50-day simple moving average is $259.31 and its 200 day simple moving average is $272.04.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS 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 during the quarter, compared to analyst estimates of $21.96 billion. During the same quarter in the previous year, the business earned $3.86 earnings per share. FedEx's revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

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

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.