Teacher Retirement System of Texas Has $3.85 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Teacher Retirement System of Texas grew its holdings in FedEx Co. (NYSE:FDX - Free Report) by 781.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,692 shares of the shipping service provider's stock after purchasing an additional 12,138 shares during the period. Teacher Retirement System of Texas' holdings in FedEx were worth $3,852,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. United Bank acquired a new position in FedEx in the 3rd quarter worth about $615,000. Quest Partners LLC acquired a new stake in FedEx in the third quarter valued at approximately $123,000. Meridian Wealth Management LLC grew its position in FedEx by 7.4% in the third quarter. Meridian Wealth Management LLC now owns 803 shares of the shipping service provider's stock worth $220,000 after acquiring an additional 55 shares in the last quarter. Nwam LLC acquired a new position in shares of FedEx during the 3rd quarter worth $387,000. Finally, Cerity Partners LLC raised its holdings in shares of FedEx by 39.0% during the 3rd quarter. Cerity Partners LLC now owns 60,345 shares of the shipping service provider's stock valued at $16,538,000 after purchasing an additional 16,931 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Price Performance

Shares of FedEx stock traded down $1.13 during trading on Tuesday, reaching $241.19. The company's stock had a trading volume of 2,668,902 shares, compared to its average volume of 1,686,039. FedEx Co. has a one year low of $217.22 and a one year high of $313.84. The stock has a 50-day moving average price of $259.31 and a two-hundred day moving average price of $272.04. 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 stock has a market capitalization of $58.09 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23.

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FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The company 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%. FedEx's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.86 earnings per share. As a group, sell-side analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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 issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.29%. FedEx's dividend payout ratio (DPR) is presently 34.63%.

Insider Transactions at FedEx

In related news, Director Amy B. Lane acquired 333 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the transaction, the director now owns 333 shares of the company's stock, valued at $91,927.98. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction dated 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 directly 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. Insiders own 8.87% of the company's stock.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of recent research reports. Jefferies Financial Group upgraded shares of FedEx from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $300.00 to $275.00 in a report on Monday. TD Cowen lowered their price objective on FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a report on Friday. UBS Group decreased their target price on FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a research report on Friday. Sanford C. Bernstein lowered shares of FedEx from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Finally, StockNews.com upgraded FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $300.60.

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.