FedEx Co. (NYSE:FDX) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in FedEx Co. (NYSE:FDX - Free Report) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,199,506 shares of the shipping service provider's stock after purchasing an additional 56,236 shares during the quarter. Vanguard Group Inc. owned about 8.39% of FedEx worth $5,682,727,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. bLong Financial LLC purchased a new position in FedEx in the fourth quarter worth approximately $391,000. Virtu Financial LLC purchased a new position in shares of FedEx during the 3rd quarter worth $3,405,000. Lodestone Wealth Management LLC acquired a new stake in shares of FedEx during the 4th quarter worth about $461,000. Wedmont Private Capital raised its holdings in FedEx by 4.1% in the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock valued at $631,000 after buying an additional 91 shares during the period. Finally, GFS Advisors LLC acquired a new position in FedEx in the fourth quarter valued at about $26,855,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

Shares of FedEx stock traded down $1.13 on Tuesday, hitting $241.19. The stock had a trading volume of 2,668,902 shares, compared to its average volume of 1,686,039. The stock has a market cap of $58.09 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.11 and a beta of 1.23. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a 52-week low of $217.22 and a 52-week high of $313.84. The company's 50 day moving average price is $259.31 and its 200 day moving average price is $272.04.

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

FedEx Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.29%. FedEx's dividend payout ratio is presently 34.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FDX shares. UBS Group dropped their price target on shares of FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a research report on Friday. TD Cowen dropped their target price on shares of FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a report on Friday. Barclays decreased their price target on FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday. Bank of America cut their price objective on FedEx from $295.00 to $272.00 and set a "buy" rating on the stock in a report on Friday. Finally, Jefferies Financial Group raised FedEx from a "hold" rating to a "buy" rating and decreased their target price for the stock from $300.00 to $275.00 in a research note on Monday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and an average price target of $300.60.

Insider Activity

In related news, Director Amy B. Lane bought 333 shares of the company's stock in a transaction dated 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 acquisition, the director now owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company's stock.

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.