Handelsbanken Fonder AB Purchases 1,411 Shares of FedEx Co. (NYSE:FDX)

Handelsbanken Fonder AB grew its stake in FedEx Co. (NYSE:FDX - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,974 shares of the shipping service provider's stock after buying an additional 1,411 shares during the period. Handelsbanken Fonder AB's holdings in FedEx were worth $26,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC increased its position in FedEx by 144.4% during 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 period. Evermay Wealth Management LLC raised its stake in FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock worth $26,000 after buying an additional 40 shares during the last quarter. Peoples Financial Services CORP. acquired a new position in FedEx in the fourth quarter valued at $28,000. City Holding Co. bought a new stake in FedEx during the fourth quarter valued at $28,000. Finally, Kentucky Trust Co acquired a new stake in FedEx during the 4th quarter worth about $28,000. 84.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Richard W. Smith sold 2,576 shares of the firm's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the sale, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy B. Lane bought 333 shares of the company's stock in a transaction on Thursday, December 26th. The stock was bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now owns 333 shares of the company's stock, valued at approximately $91,927.98. The trade was 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 corporate insiders.

FedEx Stock Down 5.4 %

NYSE:FDX traded down $14.49 during trading hours on Friday, hitting $253.97. 4,329,771 shares of the company traded hands, compared to its average volume of 1,697,695. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market cap of $61.17 billion, a PE ratio of 16.19, a PEG ratio of 1.10 and a beta of 1.18. The firm's 50-day simple moving average is $271.34 and its 200-day simple moving average is $278.38. FedEx Co. has a one year low of $239.07 and a one year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating analysts' consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same period last year, the firm earned $3.99 earnings per share. The firm's revenue was down .7% on a year-over-year basis. Equities analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Monday, March 10th. FedEx's payout ratio is 35.18%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on FedEx from $305.00 to $320.00 and gave the company an "equal weight" rating in a research note on Friday, December 20th. Bank of America boosted their price target on FedEx from $325.00 to $348.00 and gave the company a "buy" rating in a research note on Friday, December 20th. BNP Paribas upgraded shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. Stephens dropped their target price on shares of FedEx from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of FedEx from $370.00 to $372.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, FedEx currently has an average rating of "Moderate Buy" and an average price target of $321.87.

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.