Robeco Institutional Asset Management B.V. Lowers Position in FedEx Co. (NYSE:FDX)

Robeco Institutional Asset Management B.V. lowered its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 22.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,612 shares of the shipping service provider's stock after selling 10,148 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in FedEx were worth $9,737,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Clearbridge Investments LLC lifted its position in shares of FedEx by 63.9% during the second quarter. Clearbridge Investments LLC now owns 7,917 shares of the shipping service provider's stock valued at $2,374,000 after purchasing an additional 3,087 shares in the last quarter. Czech National Bank boosted its position in FedEx by 6.4% in the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider's stock worth $12,564,000 after purchasing an additional 2,767 shares during the last quarter. Alpha Omega Wealth Management LLC grew its stake in FedEx by 11.1% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 997 shares of the shipping service provider's stock valued at $273,000 after purchasing an additional 100 shares during the period. Allied Investment Advisors LLC raised its stake in shares of FedEx by 0.8% during the 3rd quarter. Allied Investment Advisors LLC now owns 40,685 shares of the shipping service provider's stock worth $11,135,000 after purchasing an additional 327 shares during the period. Finally, Quent Capital LLC boosted its holdings in shares of FedEx by 187.0% in the 3rd quarter. Quent Capital LLC now owns 353 shares of the shipping service provider's stock worth $97,000 after buying an additional 230 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

FedEx Stock Down 1.6 %

FDX stock opened at $264.96 on Friday. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The stock has a market cap of $63.82 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The company's 50 day moving average is $279.62 and its 200 day moving average is $282.44.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping 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 analyst estimates of $22.14 billion. During the same quarter in the prior year, the firm earned $3.99 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Monday, December 9th. FedEx's payout ratio is currently 35.18%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FDX shares. StockNews.com upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Wells Fargo & Company boosted their target price on FedEx from $305.00 to $320.00 and gave the company an "equal weight" rating in a research note on Friday, December 20th. Sanford C. Bernstein lowered FedEx from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. Stifel Nicolaus dropped their price objective on shares of FedEx from $368.00 to $364.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Finally, UBS Group lifted their target price on shares of FedEx from $311.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $325.43.

Insider Activity

In related news, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the transaction, the chief executive officer now owns 111,886 shares in the company, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane purchased 333 shares of the business's stock in a transaction on Thursday, December 26th. The shares were acquired at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the transaction, the director now owns 333 shares of the company's stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company's stock.

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.

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