FedEx Co. (NYSE:FDX) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its position in FedEx Co. (NYSE:FDX - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 215,522 shares of the shipping service provider's stock after purchasing an additional 3,469 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.09% of FedEx worth $60,633,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its stake in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after acquiring an additional 52 shares during the period. Peoples Financial Services CORP. bought a new stake in FedEx during the fourth quarter valued at about $28,000. City Holding Co. purchased a new stake in shares of FedEx during the fourth quarter valued at about $28,000. Kentucky Trust Co bought a new stake in shares of FedEx in the 4th quarter valued at about $28,000. Finally, Activest Wealth Management bought a new position in shares of FedEx during the 4th quarter worth approximately $29,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on FDX shares. Citigroup cut their price target on shares of FedEx from $347.00 to $317.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft initiated coverage on FedEx in a research note on Friday, March 7th. They set a "buy" rating and a $337.00 target price on the stock. Barclays decreased their price target on FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. dropped their price target on FedEx from $323.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Finally, Loop Capital lowered shares of FedEx from a "hold" rating to a "sell" rating and decreased their price objective for the company from $283.00 to $221.00 in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $302.71.

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Insider Activity

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the company's stock in a transaction on Tuesday, January 14th. The stock was 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 in the company, valued at $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the chief executive officer now directly owns 111,886 shares of the company's stock, valued at $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,711 shares of company stock valued at $3,312,693. Company insiders own 8.87% of the company's stock.

FedEx Price Performance

FDX traded up $1.06 during trading on Monday, reaching $242.77. The company's stock had a trading volume of 517,315 shares, compared to its average volume of 1,739,630. 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 firm has a fifty day simple moving average of $256.59 and a two-hundred day simple moving average of $270.89. The company has a market cap of $58.17 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.11 and a beta of 1.23. FedEx Co. has a 1 year low of $217.22 and a 1 year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). The company had revenue of $22.16 billion for the quarter, compared to analysts' expectations of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.86 EPS. As a group, analysts anticipate that FedEx Co. will post 19.14 EPS for the current 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 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Monday, March 10th. FedEx's dividend payout ratio is presently 34.63%.

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.