Vontobel Holding Ltd. Raises Position in FedEx Co. (NYSE:FDX)

Vontobel Holding Ltd. increased its holdings in FedEx Co. (NYSE:FDX - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,124 shares of the shipping service provider's stock after buying an additional 1,325 shares during the period. Vontobel Holding Ltd.'s holdings in FedEx were worth $8,475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FDX. Fortitude Family Office LLC lifted its stake in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after purchasing an additional 52 shares in the last quarter. Evermay Wealth Management LLC lifted its stake in FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Peoples Financial Services CORP. purchased a new stake in FedEx in the 4th quarter worth approximately $28,000. City Holding Co. purchased a new stake in FedEx in the 4th quarter worth approximately $28,000. Finally, Kentucky Trust Co purchased a new stake in FedEx in the 4th quarter worth approximately $28,000. 84.47% of the stock is owned by institutional investors.

FedEx Trading Down 0.2 %

FedEx stock traded down $0.44 during trading hours on Wednesday, reaching $267.02. The stock had a trading volume of 783,600 shares, compared to its average volume of 1,640,168. The stock has a market cap of $64.31 billion, a PE ratio of 17.02, a PEG ratio of 1.11 and a beta of 1.18. FedEx Co. has a 52 week low of $235.32 and a 52 week high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The company has a fifty day simple moving average of $271.93 and a 200-day simple moving average of $278.53.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.88 by $0.17. The business had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company's revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $3.99 EPS. Analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Monday, March 10th. FedEx's payout ratio is 35.18%.

Analyst Ratings Changes

FDX has been the topic of several recent analyst reports. Loop Capital cut shares of FedEx from a "buy" rating to a "hold" rating and lowered their target price for the stock from $365.00 to $283.00 in a research note on Monday, February 3rd. BMO Capital Markets raised their price objective on shares of FedEx from $300.00 to $330.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. Sanford C. Bernstein cut shares of FedEx from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Stephens lowered their price objective on shares of FedEx from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Friday, December 20th. Finally, UBS Group raised their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $321.87.

Insider Activity

In other FedEx news, Director Amy B. Lane purchased 333 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the transaction, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.