Invesco Ltd. Purchases 127,044 Shares of FedEx Co. (NYSE:FDX)

Invesco Ltd. lifted its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,221,004 shares of the shipping service provider's stock after purchasing an additional 127,044 shares during the period. Invesco Ltd. owned 1.34% of FedEx worth $906,165,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was 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 of the company's stock, valued at approximately $5,686,161.85. The trade was a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction 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. 8.87% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

Several analysts have commented on FDX shares. BMO Capital Markets lowered their price objective on shares of FedEx from $330.00 to $275.00 and set a "market perform" rating for the company in a report on Friday, March 21st. Bank of America dropped their price target on FedEx from $295.00 to $272.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. decreased their price target on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. TD Cowen lowered their target price on shares of FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, Barclays cut their price target on FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $300.63.

FedEx Stock Performance

Shares of NYSE FDX traded up $1.06 during midday trading on Friday, hitting $207.46. 2,196,102 shares of the company's stock traded hands, compared to its average volume of 1,775,964. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The stock has a market capitalization of $49.71 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The firm has a fifty day moving average of $244.07 and a 200 day moving average of $265.74. FedEx Co. has a 1 year low of $194.30 and a 1 year high of $313.84.

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

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a dividend of $1.38 per share. The ex-dividend date was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.66%. FedEx's dividend payout ratio (DPR) is presently 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.