Ensign Peak Advisors Inc Has $73 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Ensign Peak Advisors Inc decreased its position in FedEx Co. (NYSE:FDX) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 259,496 shares of the shipping service provider’s stock after selling 3,711 shares during the period. Ensign Peak Advisors Inc’s holdings in FedEx were worth $73,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of FDX. Regal Investment Advisors LLC increased its holdings in FedEx by 2.4% in the 4th quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider’s stock valued at $451,000 after buying an additional 38 shares during the period. Cetera Trust Company N.A raised its position in 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 worth $2,230,000 after purchasing an additional 40 shares in the last quarter. Griffin Asset Management Inc. lifted its stake in FedEx by 0.4% during the fourth quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider’s stock worth $2,916,000 after purchasing an additional 40 shares during the period. Aviso Financial Inc. boosted its holdings in FedEx by 1.2% during the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider’s stock valued at $957,000 after purchasing an additional 40 shares in the last quarter. Finally, Garner Asset Management Corp raised its holdings in shares of FedEx by 0.7% in 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. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insiders Place Their Bets

In other FedEx news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value 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. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.87% of the company’s stock.

FedEx Price Performance

Shares of FDX opened at $217.67 on Friday. The stock has a market cap of $52.15 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36. FedEx Co. has a 1 year low of $194.30 and a 1 year high of $313.84. The stock’s 50-day moving average price is $224.70 and its two-hundred day moving average price is $258.09. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.86 EPS. On average, equities analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, March 10th. FedEx’s payout ratio is presently 34.63%.

Analysts Set New Price Targets

Several analysts recently commented on FDX shares. Wells Fargo & Company decreased their price target on FedEx from $260.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler lowered shares of FedEx to a “neutral” rating in a report on Monday, February 3rd. Stephens cut their price target on shares of FedEx from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Loop Capital cut shares of FedEx from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $283.00 to $221.00 in a research note on Friday, March 21st. Finally, Cfra Research upgraded shares of FedEx to a “hold” rating in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $297.71.

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.