Oxford Asset Management LLP acquired a new stake in FedEx Co. (NYSE:FDX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,987 shares of the shipping service provider's stock, valued at approximately $840,000.
A number of other institutional investors have also made changes to their positions in FDX. Fortitude Family Office LLC grew its holdings in shares of FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after acquiring an additional 52 shares in the last quarter. Transce3nd LLC bought a new position in FedEx in the fourth quarter valued at approximately $26,000. Peoples Financial Services CORP. bought a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. City Holding Co. acquired a new stake in shares of FedEx in the 4th quarter valued at approximately $28,000. Finally, Kentucky Trust Co bought a new position in shares of FedEx in the fourth quarter valued at $28,000. Institutional investors own 84.47% of the company's stock.
Insider Transactions at FedEx
In related news, COO John Alan Smith sold 6,155 shares of the 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 completion of the transaction, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. This represents a 20.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.87% of the company's stock.
Wall Street Analyst Weigh In
FDX has been the topic of several analyst reports. Bank of America dropped their price target on shares of FedEx from $295.00 to $272.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. dropped their target price on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group upgraded FedEx from a "hold" rating to a "buy" rating and reduced their price target for the stock from $300.00 to $275.00 in a report on Monday, March 24th. Cfra Research upgraded FedEx to a "hold" rating in a research note on Thursday, March 20th. Finally, BMO Capital Markets cut their price objective on FedEx from $330.00 to $275.00 and set a "market perform" 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 given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $297.71.
Check Out Our Latest Research Report on FDX
FedEx Price Performance
Shares of NYSE:FDX traded down $1.62 during midday trading on Tuesday, hitting $209.88. The stock had a trading volume of 1,647,260 shares, compared to its average volume of 1,781,774. 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 company has a market capitalization of $50.29 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The company's 50-day moving average price is $232.36 and its 200-day moving average price is $261.42. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84.
FedEx (NYSE:FDX - Get Free Report) last released its earnings results 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 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 company earned $3.86 earnings per share. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities research analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.
FedEx Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.63%. The ex-dividend date was Monday, March 10th. FedEx's payout ratio is 34.63%.
About FedEx
(
Free Report)
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.
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