FedEx Co. (NYSE:FDX) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its stake in FedEx Co. (NYSE:FDX - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,094 shares of the shipping service provider's stock after purchasing an additional 1,261 shares during the quarter. Motley Fool Asset Management LLC's holdings in FedEx were worth $3,121,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of FedEx by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock worth $5,682,727,000 after acquiring an additional 56,236 shares during the period. Geode Capital Management LLC increased its position in FedEx by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock worth $1,350,686,000 after purchasing an additional 109,006 shares during the last quarter. Franklin Resources Inc. raised its stake in FedEx by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after purchasing an additional 323,115 shares during the period. Norges Bank acquired a new position in FedEx in the 4th quarter valued at about $807,352,000. Finally, Mawer Investment Management Ltd. grew its stake in shares of FedEx by 5.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,361,808 shares of the shipping service provider's stock valued at $664,447,000 after buying an additional 130,044 shares during the period. Hedge funds and other institutional investors own 84.47% of the company's stock.

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FedEx Stock Down 2.8 %

Shares of FDX traded down $5.96 during midday trading on Friday, reaching $209.90. The stock had a trading volume of 3,618,525 shares, compared to its average volume of 1,754,835. The company has a market cap of $50.29 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.11 and a beta of 1.24. The company's fifty day simple moving average is $252.45 and its two-hundred day simple moving average is $268.75. FedEx Co. has a 1-year low of $203.90 and a 1-year high of $313.84. 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 posted 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). The business 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 business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $3.86 EPS. Equities research analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.63%. FedEx's dividend payout ratio is currently 34.63%.

Insiders Place Their Bets

In related news, 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John W. Dietrich acquired 1,000 shares of the firm's stock in a transaction on Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, with a total value of $273,980.00. Following the purchase, the executive vice president now directly owns 9,067 shares of the company's stock, valued at $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 12,711 shares of company stock valued at $3,312,693. 8.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on FDX shares. Loop Capital lowered shares of FedEx from a "hold" rating to a "sell" rating and reduced their price target for the company from $283.00 to $221.00 in a research report on Friday, March 21st. Citigroup reduced their target price on FedEx from $347.00 to $317.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Oppenheimer reaffirmed a "market perform" rating on shares of FedEx in a research note on Friday, March 21st. Bank of America cut their price objective on FedEx from $295.00 to $272.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Stifel Nicolaus lowered their target price on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research note 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 given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $302.71.

FedEx Company 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.