Cidel Asset Management Inc. bought a new stake in shares of FedEx Co. (NYSE:FDX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,326 shares of the shipping service provider’s stock, valued at approximately $201,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Simon Quick Advisors LLC lifted its holdings in shares of FedEx by 1,600.0% during the 4th quarter. Simon Quick Advisors LLC now owns 170 shares of the shipping service provider’s stock worth $26,000 after acquiring an additional 160 shares during the period. Manchester Financial Inc. acquired a new stake in FedEx during the 4th quarter valued at approximately $29,000. Pacitti Group Inc. acquired a new stake in FedEx during the 4th quarter valued at approximately $34,000. Americana Partners LLC bought a new position in shares of FedEx during the 4th quarter worth approximately $37,000. Finally, TRUE Private Wealth Advisors bought a new position in shares of FedEx during the 4th quarter worth approximately $40,000. 73.00% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their price target on FedEx from to in a report on Wednesday, March 18th. Wells Fargo & Co dropped their price target on FedEx from $183.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Cowen dropped their price target on FedEx from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, March 11th. Oppenheimer downgraded FedEx from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 18th. Finally, Argus downgraded FedEx from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company. FedEx currently has a consensus rating of “Hold” and a consensus price target of $154.75.

FedEx stock traded up $4.50 during midday trading on Thursday, reaching $122.81. 426,706 shares of the stock traded hands, compared to its average volume of 4,210,933. The stock’s fifty day moving average is $136.24 and its 200-day moving average is $150.17. FedEx Co. has a 12 month low of $88.69 and a 12 month high of $199.32. The stock has a market cap of $31.36 billion, a P/E ratio of -88.35, a PEG ratio of 1.04 and a beta of 1.57. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.66.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, March 17th. The shipping service provider reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. FedEx had a positive return on equity of 17.05% and a negative net margin of 0.50%. The business had revenue of $17.49 billion during the quarter, compared to analyst estimates of $16.89 billion. During the same period last year, the company earned $3.03 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts predict that FedEx Co. will post 9.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, March 6th. This represents a $2.60 dividend on an annualized basis and a yield of 2.12%. FedEx’s dividend payout ratio is currently 16.75%.

In related news, Director John A. Edwardson acquired 5,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average price of $111.06 per share, with a total value of $555,300.00. Following the acquisition, the director now directly owns 82,966 shares in the company, valued at approximately $9,214,203.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Alan B. Graf, Jr. sold 18,829 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $110.49, for a total value of $2,080,416.21. Following the completion of the transaction, the executive vice president now directly owns 201,050 shares of the company’s stock, valued at approximately $22,214,014.50. The disclosure for this sale can be found here. Insiders own 8.44% of the company’s stock.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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