FedEx Co. (NYSE:FDX) Shares Acquired by Xponance Inc.

Xponance Inc. raised its stake in FedEx Co. (NYSE:FDX) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,029 shares of the shipping service provider’s stock after purchasing an additional 1,622 shares during the quarter. Xponance Inc.’s holdings in FedEx were worth $7,596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. grew its position in FedEx by 143.2% during the fourth quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock valued at $27,000 after acquiring an additional 63 shares during the period. Rakuten Securities Inc. purchased a new stake in shares of FedEx during the 4th quarter worth about $30,000. Tennessee Valley Asset Management Partners purchased a new position in FedEx in the fourth quarter valued at approximately $31,000. Planned Solutions Inc. acquired a new position in FedEx during the fourth quarter valued at approximately $32,000. Finally, Valley National Advisers Inc. grew its stake in FedEx by 123.3% during the fourth quarter. Valley National Advisers Inc. now owns 134 shares of the shipping service provider’s stock worth $33,000 after buying an additional 74 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BNP Paribas reaffirmed an “underperform” rating and set a $250.00 price target on shares of FedEx in a research report on Wednesday, March 27th. Melius Research raised FedEx from a “hold” rating to a “buy” rating and set a $310.00 price target on the stock in a research report on Monday, January 8th. UBS Group lifted their price objective on shares of FedEx from $323.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. The Goldman Sachs Group boosted their target price on shares of FedEx from $291.00 to $324.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Finally, Robert W. Baird boosted their price objective on shares of FedEx from $315.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $301.33.

Insider Activity at FedEx

In other news, VP Guy M. Erwin II sold 2,749 shares of FedEx stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $289.11, for a total transaction of $794,763.39. Following the transaction, the vice president now directly owns 486 shares in the company, valued at approximately $140,507.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Chairman Frederick W. Smith sold 113,400 shares of FedEx stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total value of $31,105,620.00. Following the transaction, the chairman now directly owns 14,505,844 shares of the company’s stock, valued at $3,978,953,009.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Guy M. Erwin II sold 2,749 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total transaction of $794,763.39. Following the completion of the sale, the vice president now owns 486 shares of the company’s stock, valued at approximately $140,507.46. The disclosure for this sale can be found here. Insiders have sold 136,668 shares of company stock worth $37,758,773 over the last quarter. 8.73% of the stock is currently owned by company insiders.

FedEx Stock Up 1.4 %

FDX opened at $266.99 on Friday. The stock’s 50 day moving average price is $259.22 and its 200 day moving average price is $254.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.26. The stock has a market cap of $65.70 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.24 and a beta of 1.21. FedEx Co. has a 12 month low of $213.80 and a 12 month high of $291.27.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.37. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.95 billion. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The company’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.41 earnings per share. As a group, research analysts predict that FedEx Co. will post 17.67 earnings per share for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, March 8th. FedEx’s dividend payout ratio (DPR) is presently 29.07%.

FedEx announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the shipping service provider to repurchase up to 7.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

FedEx Profile

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.