Landscape Capital Management L.L.C. Grows Stock Holdings in FedEx Co. (NYSE:FDX)

Landscape Capital Management L.L.C. lifted its holdings in FedEx Co. (NYSE:FDX - Free Report) by 87.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,271 shares of the shipping service provider's stock after acquiring an additional 6,180 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in FedEx were worth $3,734,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research firms have recently commented on FDX. Stephens cut their price objective on FedEx from $320.00 to $300.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. BMO Capital Markets cut their price target 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. Oppenheimer reaffirmed a "market perform" rating on shares of FedEx in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of FedEx in a research note on Friday, March 7th. They set a "buy" rating and a $337.00 target price for the company. Finally, Cfra Research raised shares of FedEx to a "hold" rating in a research note on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $302.71.

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Insider Buying and Selling

In related news, EVP John W. Dietrich acquired 1,000 shares of the business's stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares of the company's stock, valued at $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the transaction, the chief executive officer now owns 111,886 shares of the company's stock, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,711 shares of company stock valued at $3,312,693 in the last ninety days. Company insiders own 8.87% of the company's stock.

FedEx Trading Down 2.4 %

Shares of NYSE:FDX traded down $4.99 during midday trading on Monday, reaching $205.13. 3,021,955 shares of the company's stock were exchanged, compared to its average volume of 1,759,947. The stock has a market cap of $49.15 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 1.11 and a beta of 1.24. FedEx Co. has a fifty-two week low of $201.23 and a fifty-two week high of $313.84. The firm's 50 day simple moving average is $252.45 and its two-hundred day simple moving average is $268.75. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion during 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 firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.86 EPS. As a group, sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Monday, March 10th. FedEx's payout ratio is 34.63%.

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.