FedEx Co. (NYSE:FDX) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 330,064 shares of the shipping service provider's stock after purchasing an additional 36,911 shares during the period. LPL Financial LLC owned 0.14% of FedEx worth $92,857,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Geode Capital Management LLC raised its stake in FedEx by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider's stock worth $1,281,335,000 after purchasing an additional 67,502 shares during the period. Franklin Resources Inc. raised its position in shares of FedEx by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock valued at $1,042,050,000 after buying an additional 314,380 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of FedEx by 0.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider's stock valued at $465,031,000 after buying an additional 11,100 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in FedEx by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,500,736 shares of the shipping service provider's stock valued at $422,202,000 after acquiring an additional 49,160 shares during the last quarter. Finally, Sentry LLC grew its position in FedEx by 0.4% in the fourth quarter. Sentry LLC now owns 1,217,117 shares of the shipping service provider's stock worth $342,412,000 after acquiring an additional 5,404 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages have recently commented on FDX. Wells Fargo & Company decreased their price target on FedEx from $275.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Cfra Research raised shares of FedEx to a "hold" rating in a research report on Thursday, March 20th. BMO Capital Markets lowered their target price on shares of FedEx from $330.00 to $275.00 and set a "market perform" rating for the company in a research note on Friday, March 21st. UBS Group reduced their price target on shares of FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, Loop Capital cut shares of FedEx from a "hold" rating to a "sell" rating and lowered their price objective for the stock from $283.00 to $221.00 in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, FedEx presently has an average rating of "Moderate Buy" and an average target price of $302.71.

Insider Buying and Selling

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the firm's stock in a transaction 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction on 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 transaction, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,711 shares of company stock worth $3,312,693 in the last quarter. 8.87% of the stock is owned by insiders.

FedEx Stock Down 0.9 %

FDX stock traded down $2.17 during trading on Friday, hitting $241.75. 1,679,093 shares of the company's stock were exchanged, compared to its average volume of 1,744,375. The business has a 50-day moving average price of $256.59 and a two-hundred day moving average price of $270.98. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $58.22 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.11 and a beta of 1.23. FedEx Co. has a 52-week low of $217.22 and a 52-week high of $313.84.

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

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 dividend on an annualized basis and a dividend yield of 2.28%. FedEx's dividend payout ratio (DPR) is presently 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.