6,012 Shares in FedEx Co. (NYSE:FDX) Acquired by Headlands Technologies LLC

Headlands Technologies LLC acquired a new stake in FedEx Co. (NYSE:FDX) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,012 shares of the shipping service provider’s stock, valued at approximately $1,691,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Norges Bank acquired a new position in shares of FedEx in the fourth quarter worth $807,352,000. Raymond James Financial Inc. purchased a new position in FedEx in the fourth quarter valued at about $234,028,000. ACR Alpine Capital Research LLC increased its position in FedEx by 62.9% in the 4th quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider’s stock worth $239,909,000 after purchasing an additional 329,170 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of FedEx by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider’s stock valued at $1,209,338,000 after buying an additional 323,115 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC lifted its holdings in shares of FedEx by 22,317.0% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 322,580 shares of the shipping service provider’s stock valued at $90,751,000 after buying an additional 321,141 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 0.8 %

Shares of FDX opened at $241.86 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock has a market cap of $57.95 billion, a PE ratio of 15.41, a PEG ratio of 1.11 and a beta of 1.23. FedEx Co. has a 1 year low of $217.22 and a 1 year high of $313.84. The stock has a 50 day simple moving average of $255.30 and a 200-day simple moving average of $270.28.

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). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the previous year, the business posted $3.86 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Monday, March 10th. FedEx’s dividend payout ratio (DPR) is currently 34.63%.

Analysts Set New Price Targets

FDX has been the topic of several recent research reports. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Citigroup cut their price target on shares of FedEx from $347.00 to $317.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Raymond James decreased their price objective on shares of FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Friday, March 21st. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Finally, UBS Group decreased their price target on FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $302.71.

Insider Transactions at FedEx

In related news, EVP John W. Dietrich purchased 1,000 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares of the company’s stock, valued at $5,686,161.85. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,711 shares of company stock valued at $3,312,693 in the last three months. 8.87% 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.