Schroder Investment Management Group Grows Stake in FedEx Co. (NYSE:FDX)

Schroder Investment Management Group raised its stake in shares of FedEx Co. (NYSE:FDX) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,526 shares of the shipping service provider’s stock after purchasing an additional 169 shares during the period. Schroder Investment Management Group’s holdings in FedEx were worth $16,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of FDX. bLong Financial LLC bought a new stake in FedEx in the fourth quarter worth $391,000. Virtu Financial LLC bought a new stake in shares of FedEx in the 3rd quarter worth about $3,405,000. Lodestone Wealth Management LLC purchased a new position in shares of FedEx during the 4th quarter worth about $461,000. Wedmont Private Capital boosted its position in shares of FedEx by 4.1% during the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after buying an additional 91 shares during the period. Finally, GFS Advisors LLC bought a new position in shares of FedEx during the fourth quarter valued at approximately $26,855,000. 84.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on FDX. Loop Capital cut FedEx from a “hold” rating to a “sell” rating and dropped their price objective for the company from $283.00 to $221.00 in a report on Friday, March 21st. Bank of America reduced their price target on shares of FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. TD Cowen lowered their price objective on shares of FedEx from $337.00 to $310.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Citigroup reduced their target price on shares of FedEx from $347.00 to $317.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lowered their price target on FedEx from $323.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Two 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $302.71.

Insider Activity at FedEx

In related news, COO John Alan Smith sold 6,155 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,711 shares of company stock valued at $3,312,693 in the last ninety days. Company insiders own 8.87% of the company’s stock.

FedEx Trading Down 12.1 %

Shares of NYSE:FDX opened at $215.52 on Friday. The business’s 50-day moving average is $253.71 and its 200 day moving average is $269.72. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a 1 year low of $213.67 and a 1 year high of $313.84. The firm has a market capitalization of $51.64 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). The company 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 business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.86 EPS. On average, research analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Monday, March 10th. FedEx’s dividend payout ratio (DPR) is presently 34.63%.

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.