LSV Asset Management Has $343.70 Million Stock Position in FedEx Co. (NYSE:FDX)

LSV Asset Management reduced its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,221,680 shares of the shipping service provider's stock after selling 61,450 shares during the period. FedEx accounts for approximately 0.8% of LSV Asset Management's holdings, making the stock its 25th biggest position. LSV Asset Management owned about 0.51% of FedEx worth $343,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Colonial Trust Advisors increased its stake in shares of FedEx by 3.1% in the fourth quarter. Colonial Trust Advisors now owns 24,100 shares of the shipping service provider's stock worth $6,780,000 after purchasing an additional 721 shares during the period. F M Investments LLC increased its position in FedEx by 17.5% in the 4th quarter. F M Investments LLC now owns 7,666 shares of the shipping service provider's stock worth $2,157,000 after buying an additional 1,139 shares during the period. Texas Yale Capital Corp. lifted its holdings in shares of FedEx by 3.7% during the fourth quarter. Texas Yale Capital Corp. now owns 1,400 shares of the shipping service provider's stock worth $394,000 after buying an additional 50 shares during the last quarter. Applied Finance Capital Management LLC acquired a new stake in shares of FedEx in the fourth quarter worth $967,000. Finally, German American Bancorp Inc. increased its position in FedEx by 1.2% during the fourth quarter. German American Bancorp Inc. now owns 26,417 shares of the shipping service provider's stock worth $7,432,000 after acquiring an additional 326 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other FedEx news, COO John Alan Smith sold 6,155 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at approximately $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.87% of the stock is owned by insiders.

FedEx Trading Down 1.4 %

Shares of NYSE FDX traded down $2.97 during mid-day trading on Tuesday, hitting $207.48. The company's stock had a trading volume of 411,719 shares, compared to its average volume of 1,771,914. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market cap 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 company's fifty day simple moving average is $243.22 and its 200-day simple moving average is $265.34. FedEx Co. has a one year low of $194.30 and a one year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last issued its 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). 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 the consensus estimate of $21.96 billion. During the same quarter in the previous year, the firm posted $3.86 EPS. The business's revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a $1.38 dividend. 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 is 34.63%.

Analyst Ratings Changes

FDX has been the topic of several research analyst reports. Citigroup decreased their price target on shares of FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group upgraded FedEx from a "hold" rating to a "buy" rating and lowered their price target for the company from $300.00 to $275.00 in a research note on Monday, March 24th. Cfra Research upgraded FedEx to a "hold" rating in a research report on Thursday, March 20th. Raymond James lowered their price objective on FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, Stephens reduced their target price on FedEx from $320.00 to $300.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Two 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $300.63.

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.