Rhumbline Advisers Has $126.57 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Rhumbline Advisers decreased its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 449,889 shares of the shipping service provider's stock after selling 4,272 shares during the quarter. Rhumbline Advisers owned 0.19% of FedEx worth $126,567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC grew its holdings in shares of FedEx by 20.9% in the fourth quarter. V Square Quantitative Management LLC now owns 3,149 shares of the shipping service provider's stock worth $886,000 after purchasing an additional 545 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of FedEx by 4.6% in the fourth quarter. Vontobel Holding Ltd. now owns 30,124 shares of the shipping service provider's stock valued at $8,475,000 after purchasing an additional 1,325 shares during the period. Asset Management One Co. Ltd. grew its stake in FedEx by 2.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 97,351 shares of the shipping service provider's stock worth $27,293,000 after purchasing an additional 2,632 shares in the last quarter. Avestar Capital LLC increased its holdings in FedEx by 10.3% during the 4th quarter. Avestar Capital LLC now owns 1,383 shares of the shipping service provider's stock worth $391,000 after purchasing an additional 129 shares during the period. Finally, Hemington Wealth Management raised its position in FedEx by 27.4% during the 4th quarter. Hemington Wealth Management now owns 209 shares of the shipping service provider's stock valued at $58,000 after purchasing an additional 45 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Price Performance

FedEx stock traded down $0.44 on Wednesday, reaching $267.02. The company's stock had a trading volume of 957,153 shares, compared to its average volume of 1,640,969. FedEx Co. has a twelve month low of $235.32 and a twelve month high of $313.84. The business's fifty day moving average price is $271.93 and its 200 day moving average price is $278.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company has a market cap of $64.31 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.11 and a beta of 1.18.

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

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Monday, March 10th. FedEx's payout ratio is 35.18%.

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane acquired 333 shares of the company's stock in a transaction on Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FDX has been the topic of a number of analyst reports. TD Cowen lifted their price target on FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a report on Friday, December 20th. Stephens cut their price objective on shares of FedEx from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Friday, December 20th. Stifel Nicolaus lowered their price target on FedEx from $368.00 to $364.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. UBS Group lifted their price objective on FedEx from $311.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $321.87.

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.