Markel Group Inc. Boosts Position in FedEx Co. (NYSE:FDX)

Markel Group Inc. grew its holdings in FedEx Co. (NYSE:FDX - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 206,500 shares of the shipping service provider's stock after purchasing an additional 11,500 shares during the period. Markel Group Inc. owned approximately 0.09% of FedEx worth $58,095,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FDX. CWA Asset Management Group LLC bought a new position in shares of FedEx in the 3rd quarter valued at $1,180,000. United Bank bought a new stake in shares of FedEx in the 3rd quarter valued at $615,000. Verdence Capital Advisors LLC increased its position in shares of FedEx by 22.3% during the third quarter. Verdence Capital Advisors LLC now owns 1,192 shares of the shipping service provider's stock worth $326,000 after buying an additional 217 shares during the period. Atria Investments Inc raised its stake in FedEx by 1.6% during the third quarter. Atria Investments Inc now owns 35,188 shares of the shipping service provider's stock worth $9,630,000 after buying an additional 561 shares during the last quarter. Finally, Sigma Planning Corp lifted its holdings in FedEx by 1.8% in the third quarter. Sigma Planning Corp now owns 5,053 shares of the shipping service provider's stock valued at $1,383,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on FedEx from $368.00 to $364.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. TD Cowen lifted their target price on FedEx from $328.00 to $337.00 and gave the stock a "buy" rating in a report on Friday, December 20th. UBS Group increased their price target on FedEx from $311.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, December 20th. BMO Capital Markets raised their price objective on shares of FedEx from $300.00 to $330.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Finally, Stephens dropped their target price on shares of FedEx from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $318.04.

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Insider Buying and Selling

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy B. Lane purchased 333 shares of the business's stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now directly owns 333 shares in the company, valued at $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by insiders.

FedEx Stock Down 1.1 %

FedEx stock traded down $2.77 during midday trading on Thursday, hitting $240.74. 1,565,412 shares of the stock were exchanged, compared to its average volume of 1,667,332. 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 market capitalization of $57.98 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. FedEx Co. has a 52-week low of $239.50 and a 52-week high of $313.84. The business's 50-day moving average price is $263.68 and its 200-day moving average price is $274.89.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts' consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.99 EPS. On average, research analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Monday, March 10th. FedEx's payout ratio is 35.18%.

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.