Achmea Investment Management B.V. Purchases 13,388 Shares of FedEx Co. (NYSE:FDX)

Achmea Investment Management B.V. grew its position in shares of FedEx Co. (NYSE:FDX) by 69.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,546 shares of the shipping service provider’s stock after buying an additional 13,388 shares during the quarter. Achmea Investment Management B.V.’s holdings in FedEx were worth $9,156,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FDX. United Bank bought a new position in FedEx in the 3rd quarter valued at $615,000. Apollon Wealth Management LLC grew its position in FedEx by 12.8% during the third quarter. Apollon Wealth Management LLC now owns 3,861 shares of the shipping service provider’s stock valued at $1,057,000 after buying an additional 437 shares during the period. Harbour Investments Inc. increased its holdings in FedEx by 1.5% during the third quarter. Harbour Investments Inc. now owns 2,661 shares of the shipping service provider’s stock worth $728,000 after buying an additional 40 shares during the last quarter. Haverford Trust Co raised its position in FedEx by 7.3% in the third quarter. Haverford Trust Co now owns 1,840 shares of the shipping service provider’s stock worth $504,000 after acquiring an additional 125 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in FedEx by 10.2% in the third quarter. Oppenheimer & Co. Inc. now owns 12,713 shares of the shipping service provider’s stock valued at $3,479,000 after acquiring an additional 1,174 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Activity

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane acquired 333 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.

FedEx Stock Down 1.1 %

FDX opened at $240.74 on Friday. The business’s fifty day simple moving average is $263.68 and its 200 day simple moving average is $274.89. FedEx Co. has a 52 week low of $239.50 and a 52 week high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market cap of $57.98 billion, a PE ratio of 15.34, a P/E/G ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $3.99 EPS. As a group, research analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.29%. FedEx’s payout ratio is 35.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FDX shares. TD Cowen lifted their price target on shares of FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday, December 20th. BMO Capital Markets boosted their target price on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Loop Capital downgraded FedEx from a “buy” rating to a “hold” rating and cut their price target for the stock from $365.00 to $283.00 in a research note on Monday, February 3rd. UBS Group boosted their price objective on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Stifel Nicolaus dropped their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus price target of $318.04.

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.