Mitsubishi UFJ Asset Management Co. Ltd. Increases Stake in FedEx Co. (NYSE:FDX)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in FedEx Co. (NYSE:FDX - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 358,690 shares of the shipping service provider's stock after acquiring an additional 22,518 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of FedEx worth $98,428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Trust Company N.A raised its position in shares of FedEx by 0.5% in the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider's stock valued at $2,230,000 after purchasing an additional 40 shares during the period. Griffin Asset Management Inc. raised its holdings in FedEx by 0.4% during the 4th quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider's stock valued at $2,916,000 after acquiring an additional 40 shares during the period. Aviso Financial Inc. lifted its position in shares of FedEx by 1.2% during the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock worth $957,000 after acquiring an additional 40 shares in the last quarter. Richard P Slaughter Associates Inc lifted its position in shares of FedEx by 0.5% during the fourth quarter. Richard P Slaughter Associates Inc now owns 8,107 shares of the shipping service provider's stock worth $2,281,000 after acquiring an additional 42 shares in the last quarter. Finally, WealthPlan Investment Management LLC grew its position in shares of FedEx by 2.6% in the fourth quarter. WealthPlan Investment Management LLC now owns 1,680 shares of the shipping service provider's stock valued at $473,000 after purchasing an additional 42 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FDX shares. StockNews.com raised FedEx from a "hold" rating to a "buy" rating in a report on Friday, December 20th. BMO Capital Markets cut their price objective on shares of FedEx from $330.00 to $275.00 and set a "market perform" rating for the company in a research report on Friday, March 21st. Raymond James reduced their price objective on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Oppenheimer reiterated a "market perform" rating on shares of FedEx in a research note on Friday, March 21st. Finally, Stephens reduced their price target on shares of FedEx from $320.00 to $300.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $302.71.

Insider Buying and Selling at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,711 shares of company stock valued at $3,312,693 in the last quarter. Company insiders own 8.87% of the company's stock.

FedEx Trading Down 0.8 %

Shares of NYSE:FDX traded down $1.93 on Tuesday, reaching $241.86. 1,368,281 shares of the company traded hands, compared to its average volume of 1,740,082. The stock has a market capitalization of $57.95 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The business's 50-day simple moving average is $255.30 and its 200 day simple moving average is $270.28. 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 52 week low of $217.22 and a 52 week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results 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). 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 the consensus estimate of $21.96 billion. During the same quarter in the previous year, the business earned $3.86 earnings per share. FedEx's revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $1.38 per share. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.28%. FedEx's dividend payout ratio is currently 34.63%.

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.