XTX Topco Ltd Has $5.10 Million Holdings in FedEx Co. (NYSE:FDX)

XTX Topco Ltd lowered its stake in FedEx Co. (NYSE:FDX - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,138 shares of the shipping service provider's stock after selling 5,204 shares during the period. FedEx accounts for 0.4% of XTX Topco Ltd's portfolio, making the stock its 8th largest position. XTX Topco Ltd's holdings in FedEx were worth $5,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in FDX. Cetera Trust Company N.A boosted its position in shares of FedEx by 0.5% in the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider's stock valued at $2,230,000 after acquiring an additional 40 shares during the period. Griffin Asset Management Inc. grew its position in shares of FedEx by 0.4% in the 4th quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider's stock valued at $2,916,000 after buying an additional 40 shares during the last quarter. Aviso Financial Inc. raised its stake in FedEx by 1.2% during the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock worth $957,000 after buying an additional 40 shares during the last quarter. Garner Asset Management Corp boosted its holdings in shares of FedEx by 0.7% during the 4th quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider's stock worth $1,659,000 after buying an additional 41 shares in the last quarter. Finally, Richard P Slaughter Associates Inc raised its holdings in shares of FedEx by 0.5% during the fourth quarter. Richard P Slaughter Associates Inc now owns 8,107 shares of the shipping service provider's stock valued at $2,281,000 after purchasing an additional 42 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FDX shares. Stephens reduced their target price on FedEx from $320.00 to $300.00 and set an "overweight" rating for the company in a report on Friday, March 21st. BMO Capital Markets lowered their target price on shares of FedEx from $330.00 to $275.00 and set a "market perform" rating on the stock in a research note on Friday, March 21st. Oppenheimer restated a "market perform" rating on shares of FedEx in a research report on Friday, March 21st. Bank of America cut their target price on shares of FedEx from $295.00 to $272.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, Jefferies Financial Group upgraded shares of FedEx from a "hold" rating to a "buy" rating and reduced their price target for the company from $300.00 to $275.00 in a research report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $300.63.

FedEx Trading Up 1.9 %

NYSE FDX traded up $3.89 during trading hours on Friday, hitting $207.45. 1,106,975 shares of the company's stock were exchanged, compared to its average volume of 1,778,814. FedEx Co. has a 12-month low of $194.30 and a 12-month high of $313.84. The business's 50 day moving average is $239.05 and its 200-day moving average is $263.63. The firm has a market capitalization of $49.71 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23.

FedEx (NYSE:FDX - Get Free Report) last issued 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). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the previous year, the business posted $3.86 EPS. The business's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.66%. FedEx's payout ratio is presently 34.63%.

Insider Activity

In other news, COO John Alan Smith sold 6,155 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the transaction, the chief operating officer now owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.