Stevens Capital Management LP Purchases New Position in FedEx Co. (NYSE:FDX)

Stevens Capital Management LP acquired a new position in shares of FedEx Co. (NYSE:FDX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,891 shares of the shipping service provider's stock, valued at approximately $3,627,000. FedEx accounts for about 1.5% of Stevens Capital Management LP's portfolio, making the stock its 7th largest holding.

Several other institutional investors have also made changes to their positions in FDX. Geode Capital Management LLC raised its stake in FedEx by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider's stock worth $1,281,335,000 after acquiring an additional 67,502 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of FedEx by 8.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock worth $1,042,050,000 after purchasing an additional 314,380 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of FedEx by 0.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider's stock worth $465,031,000 after purchasing an additional 11,100 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in FedEx by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,500,736 shares of the shipping service provider's stock valued at $422,202,000 after purchasing an additional 49,160 shares during the last quarter. Finally, Sentry LLC boosted its position in FedEx by 0.4% in the fourth quarter. Sentry LLC now owns 1,217,117 shares of the shipping service provider's stock valued at $342,412,000 after buying an additional 5,404 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

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FedEx Stock Down 0.5 %

FDX traded down $1.13 during trading hours on Tuesday, hitting $241.19. 2,666,698 shares of the company's stock were exchanged, compared to its average volume of 1,691,409. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a 1-year low of $217.22 and a 1-year high of $313.84. The stock's 50-day moving average is $259.31 and its two-hundred day moving average is $272.04. The stock has a market cap of $58.09 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.86 earnings per share. Sell-side analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, March 10th. FedEx's dividend payout ratio (DPR) is 34.63%.

Insider Transactions at FedEx

In other FedEx news, Director Amy B. Lane purchased 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The stock was acquired at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares of the company's stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 3,980 shares of the company'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 value of $1,100,271.00. Following the completion of the sale, the director now owns 8,904 shares in the company, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FDX. Barclays decreased their price target on FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a research report on Friday. Citigroup decreased their target price on FedEx from $347.00 to $317.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. BNP Paribas raised FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of FedEx in a report on Friday, March 7th. They set a "buy" rating and a $337.00 price objective on the stock. Finally, Wells Fargo & Company dropped their target price on shares of FedEx from $275.00 to $260.00 and set an "equal weight" rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $300.60.

About FedEx

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.