Vanguard Group Inc. Purchases 56,236 Shares of FedEx Co. (NYSE:FDX)

Vanguard Group Inc. increased its position in FedEx Co. (NYSE:FDX) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,199,506 shares of the shipping service provider’s stock after purchasing an additional 56,236 shares during the period. Vanguard Group Inc. owned approximately 0.08% of FedEx worth $5,682,727,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in FedEx by 144.4% in the 4th 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 in the last quarter. Peoples Financial Services CORP. bought a new position in FedEx in the 4th quarter worth about $28,000. City Holding Co. bought a new position in FedEx in the 4th quarter worth about $28,000. Kentucky Trust Co bought a new position in FedEx during the 4th quarter valued at about $28,000. Finally, Activest Wealth Management bought a new position in FedEx during the 4th quarter valued at about $29,000. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction that occurred on Thursday, December 26th. The stock was acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares of the company’s stock, valued at $91,927.98. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

FedEx Trading Down 6.5 %

FedEx stock opened at $230.25 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12-month low of $217.22 and a 12-month high of $313.84. The firm has a 50 day moving average of $259.95 and a 200 day moving average of $272.35. The firm has a market capitalization of $55.46 billion, a price-to-earnings ratio of 14.68, 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, 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 analysts’ expectations of $21.96 billion. During the same period last year, the business earned $3.86 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, research analysts predict that FedEx Co. will post 19.14 earnings per share 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 dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Wall Street Analysts Forecast Growth

FDX has been the topic of several research analyst reports. Bank of America lowered their target price on shares of FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a research note on Friday. BMO Capital Markets lowered their target price on shares of FedEx from $330.00 to $275.00 and set a “market perform” rating on the stock in a research note on Friday. Oppenheimer restated a “market perform” rating on shares of FedEx in a research note on Friday. Stifel Nicolaus lowered their target price on shares of FedEx from $364.00 to $354.00 and set a “buy” rating on the stock in a research note on Friday. Finally, StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.67.

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.