Stevens Capital Management LP Makes New $3.63 Million Investment in FedEx Co. (NYSE:FDX)

Stevens Capital Management LP bought a new position in shares of FedEx Co. (NYSE:FDX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,891 shares of the shipping service provider’s stock, valued at approximately $3,627,000. FedEx makes up 1.5% of Stevens Capital Management LP’s portfolio, making the stock its 7th largest position.

Other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in shares of FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares during the period. Peoples Financial Services CORP. bought a new position in shares of FedEx in the fourth quarter worth $28,000. City Holding Co. bought a new position in shares of FedEx in the fourth quarter worth $28,000. Kentucky Trust Co bought a new position in shares of FedEx in the fourth quarter worth $28,000. Finally, Activest Wealth Management bought a new position in shares of FedEx in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insiders Place Their Bets

In other FedEx news, EVP John W. Dietrich bought 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was acquired at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the purchase, the executive vice president now owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane bought 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FDX. Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a report on Friday. Bank of America reduced their target price on FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft started coverage on FedEx in a research note on Friday, March 7th. They issued a “buy” rating and a $337.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on FedEx from $323.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average target price of $301.67.

FedEx Stock Performance

FedEx stock opened at $230.25 on Friday. 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 firm has a 50-day moving average of $259.95 and a 200-day moving average of $272.49. The firm has a market cap of $55.46 billion, a P/E ratio of 14.68, a P/E/G 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.

FedEx (NYSE:FDX) last issued its quarterly earnings data 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). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion during the quarter, compared to analysts’ expectations of $21.96 billion. During the same quarter last year, the business earned $3.86 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Sell-side analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.40%. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

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.