Landscape Capital Management L.L.C. Raises Position in FedEx Co. (NYSE:FDX)

Landscape Capital Management L.L.C. increased its holdings in FedEx Co. (NYSE:FDX) by 87.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,271 shares of the shipping service provider’s stock after purchasing an additional 6,180 shares during the period. Landscape Capital Management L.L.C.’s holdings in FedEx were worth $3,734,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FDX. Fortitude Family Office LLC increased its stake in shares of FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after acquiring an additional 52 shares during the last quarter. Peoples Financial Services CORP. purchased a new stake in FedEx in the fourth quarter valued at approximately $28,000. City Holding Co. acquired a new position in FedEx during the fourth quarter worth approximately $28,000. Kentucky Trust Co purchased a new position in FedEx during the fourth quarter worth approximately $28,000. Finally, Activest Wealth Management acquired a new position in shares of FedEx in the 4th quarter valued at $29,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of FDX stock opened at $215.52 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The stock has a market capitalization of $51.64 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.11 and a beta of 1.24. FedEx Co. has a one year low of $213.49 and a one year high of $313.84. The company’s 50-day simple moving average is $253.71 and its 200-day simple moving average is $269.72.

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

FedEx Dividend Announcement

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

Insider Activity

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 stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John W. Dietrich purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 12,711 shares of company stock valued at $3,312,693. Company insiders own 8.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Raymond James dropped their price objective on FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Stephens dropped their price target on FedEx from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday, March 21st. UBS Group reduced their price objective on FedEx from $350.00 to $331.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Jefferies Financial Group raised shares of FedEx from a “hold” rating to a “buy” rating and dropped their target price for the stock from $300.00 to $275.00 in a research report on Monday, March 24th. Finally, Loop Capital lowered shares of FedEx from a “hold” rating to a “sell” rating and cut their price target for the company from $283.00 to $221.00 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.