FedEx Co. (NYSE:FDX) Position Boosted by Mather Group LLC.

Mather Group LLC. lifted its stake in FedEx Co. (NYSE:FDX) by 37.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,349 shares of the shipping service provider’s stock after purchasing an additional 1,457 shares during the quarter. Mather Group LLC.’s holdings in FedEx were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Bfsg LLC purchased a new position in FedEx in the third quarter valued at about $246,000. Brookstone Capital Management lifted its holdings in shares of FedEx by 9.3% during the 3rd quarter. Brookstone Capital Management now owns 4,897 shares of the shipping service provider’s stock valued at $1,192,000 after buying an additional 415 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of FedEx by 2.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 161,767 shares of the shipping service provider’s stock valued at $42,855,000 after buying an additional 4,229 shares in the last quarter. Edmp Inc. increased its holdings in FedEx by 6.7% in the third quarter. Edmp Inc. now owns 5,098 shares of the shipping service provider’s stock worth $1,350,000 after buying an additional 321 shares during the last quarter. Finally, Barrett & Company Inc. raised its position in FedEx by 16.3% during the third quarter. Barrett & Company Inc. now owns 470 shares of the shipping service provider’s stock valued at $124,000 after acquiring an additional 66 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FDX has been the topic of several analyst reports. Jefferies Financial Group increased their price target on shares of FedEx from $265.00 to $300.00 and gave the stock a “hold” rating in a research note on Friday, March 22nd. UBS Group increased their target price on shares of FedEx from $323.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Morgan Stanley boosted their price target on FedEx from $195.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Bank of America decreased their price target on FedEx from $346.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Finally, BNP Paribas reiterated an “underperform” rating and issued a $250.00 target price on shares of FedEx in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $301.33.

FedEx Price Performance

FedEx stock opened at $265.86 on Tuesday. The business has a 50 day simple moving average of $262.74 and a 200 day simple moving average of $254.58. FedEx Co. has a one year low of $213.80 and a one year high of $291.27. The company has a market capitalization of $65.42 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.26.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.37. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.95 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the business earned $3.41 earnings per share. On average, sell-side analysts forecast that FedEx Co. will post 17.69 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, March 8th. FedEx’s dividend payout ratio (DPR) is currently 29.07%.

FedEx declared that its board has initiated a share repurchase plan on Thursday, March 21st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the shipping service provider to repurchase up to 7.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at FedEx

In other FedEx news, Chairman Frederick W. Smith sold 113,400 shares of FedEx stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value of $31,105,620.00. Following the completion of the transaction, the chairman now owns 14,505,844 shares in the company, valued at approximately $3,978,953,009.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Chairman Frederick W. Smith sold 113,400 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the transaction, the chairman now directly owns 14,505,844 shares in the company, valued at $3,978,953,009.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 6,145 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $288.02, for a total transaction of $1,769,882.90. Following the completion of the sale, the director now directly owns 7,865 shares of the company’s stock, valued at approximately $2,265,277.30. The disclosure for this sale can be found here. Insiders have sold 136,668 shares of company stock valued at $37,758,773 in the last three months. 8.73% of the stock is owned by corporate insiders.

FedEx Company 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.