FedEx Co. (NYSE:FDX) Shares Sold by Kiltearn Partners LLP

Kiltearn Partners LLP lowered its stake in FedEx Co. (NYSE:FDX - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,300 shares of the shipping service provider's stock after selling 3,500 shares during the quarter. FedEx comprises approximately 1.6% of Kiltearn Partners LLP's holdings, making the stock its 23rd largest holding. Kiltearn Partners LLP's holdings in FedEx were worth $9,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in shares of FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after purchasing an additional 52 shares during the last quarter. Peoples Financial Services CORP. purchased a new position in FedEx during the 4th quarter valued at approximately $28,000. City Holding Co. bought a new stake in FedEx in the 4th quarter worth approximately $28,000. Kentucky Trust Co purchased a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. Finally, Activest Wealth Management bought a new position in shares of FedEx during the 4th quarter valued at approximately $29,000. Institutional investors own 84.47% of the company's stock.

Insider Transactions at FedEx

In other news, EVP John W. Dietrich bought 1,000 shares of the stock in a transaction on Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the purchase, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction 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 in the company, valued at approximately $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. In the last quarter, insiders sold 12,711 shares of company stock valued at $3,312,693. Company insiders own 8.87% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FDX shares. Raymond James decreased their price target on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Jefferies Financial Group upgraded shares of FedEx from a "hold" rating to a "buy" rating and decreased their target price for the company from $300.00 to $275.00 in a research report on Monday, March 24th. Bank of America lowered their price target on shares of FedEx from $295.00 to $272.00 and set a "buy" rating for the company in a report on Friday, March 21st. Piper Sandler cut FedEx to a "neutral" rating in a research note on Monday, February 3rd. Finally, BNP Paribas raised FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $302.71.

FedEx Trading Down 0.5 %

NYSE:FDX traded down $1.29 during midday trading on Tuesday, hitting $242.49. The stock had a trading volume of 400,295 shares, compared to its average volume of 1,853,630. 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 stock has a 50-day moving average of $255.97 and a 200 day moving average of $270.59. The company has a market capitalization of $58.10 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.11 and a beta of 1.23. FedEx Co. has a one year low of $217.22 and a one year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). The firm had revenue of $22.16 billion for the quarter, compared to analysts' expectations of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.86 EPS. As a group, sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.28%. FedEx's payout ratio 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.