Landing Point Financial Group LLC Makes New Investment in FedEx Co. (NYSE:FDX)

Landing Point Financial Group LLC acquired a new position in FedEx Co. (NYSE:FDX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,585 shares of the shipping service provider's stock, valued at approximately $416,000.

A number of other large investors have also recently added to or reduced their stakes in FDX. MetLife Investment Management LLC grew its position in shares of FedEx by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 59,522 shares of the shipping service provider's stock valued at $16,745,000 after purchasing an additional 903 shares during the last quarter. Natixis lifted its position in shares of FedEx by 1,061.1% in the fourth quarter. Natixis now owns 35,982 shares of the shipping service provider's stock valued at $10,123,000 after acquiring an additional 32,883 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of FedEx by 12.5% during the fourth quarter. Norinchukin Bank The now owns 10,962 shares of the shipping service provider's stock valued at $3,084,000 after acquiring an additional 1,220 shares during the last quarter. Ossiam increased its position in FedEx by 1,743.0% during the 4th quarter. Ossiam now owns 5,142 shares of the shipping service provider's stock worth $1,447,000 after purchasing an additional 4,863 shares in the last quarter. Finally, Capital Research Global Investors acquired a new position in FedEx in the 4th quarter valued at about $145,733,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. This represents a 20.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.87% of the stock is owned by corporate insiders.

FedEx Stock Up 2.2 %

FDX stock traded up $4.70 during mid-day trading on Thursday, hitting $215.74. 1,132,303 shares of the company were exchanged, compared to its average volume of 1,774,604. The company has a market capitalization of $51.69 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The firm has a fifty day simple moving average of $235.63 and a 200 day simple moving average of $262.48. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a twelve month low of $194.30 and a twelve month high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (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 analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.86 EPS. On average, research analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.56%. FedEx's payout ratio is 34.63%.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent research reports. Jefferies Financial Group upgraded shares of FedEx from a "hold" rating to a "buy" rating and lowered their price target for the stock from $300.00 to $275.00 in a report on Monday, March 24th. Oppenheimer reaffirmed a "market perform" rating on shares of FedEx in a research note on Friday, March 21st. Raymond James reduced their price target on FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Cfra Research raised FedEx to a "hold" rating in a research report on Thursday, March 20th. Finally, BNP Paribas upgraded FedEx from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $297.71.

FedEx 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.