Mawer Investment Management Ltd. Acquires 130,044 Shares of FedEx Co. (NYSE:FDX)

Mawer Investment Management Ltd. boosted its stake in shares of FedEx Co. (NYSE:FDX) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,361,808 shares of the shipping service provider’s stock after acquiring an additional 130,044 shares during the quarter. FedEx comprises about 3.0% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 11th biggest position. Mawer Investment Management Ltd. owned 0.98% of FedEx worth $664,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. United Bank purchased a new position in FedEx during the third quarter worth $615,000. Townsquare Capital LLC boosted its stake in shares of FedEx by 19.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,764 shares of the shipping service provider’s stock worth $483,000 after purchasing an additional 288 shares during the period. Bridgewater Associates LP raised its position in FedEx by 38.8% in the 3rd quarter. Bridgewater Associates LP now owns 25,022 shares of the shipping service provider’s stock worth $6,848,000 after purchasing an additional 6,994 shares during the period. Fiduciary Trust Co lifted its stake in FedEx by 45.6% in the third quarter. Fiduciary Trust Co now owns 3,294 shares of the shipping service provider’s stock worth $902,000 after purchasing an additional 1,031 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of FedEx by 117.0% during the third quarter. Rockefeller Capital Management L.P. now owns 77,974 shares of the shipping service provider’s stock valued at $21,343,000 after buying an additional 42,034 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John Alan Smith sold 6,155 shares of the company’s 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 trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,711 shares of company stock worth $3,312,693 over the last three months. 8.87% of the stock is currently owned by corporate insiders.

FedEx Price Performance

NYSE:FDX opened at $241.75 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The company has a 50 day moving average price of $256.59 and a 200-day moving average price of $270.98. FedEx Co. has a 1-year low of $217.22 and a 1-year high of $313.84. The firm has a market cap of $57.92 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23.

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

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.28%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is currently 34.63%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays dropped their price objective on FedEx from $365.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Wells Fargo & Company dropped their target price on shares of FedEx from $275.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Raymond James decreased their price objective on FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Loop Capital cut shares of FedEx from a “hold” rating to a “sell” rating and lowered their target price for the stock from $283.00 to $221.00 in a research note on Friday, March 21st. Finally, StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Two investment 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 presently has an average rating of “Moderate Buy” and a consensus price target of $302.71.

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.