FedEx Co. (NYSE:FDX) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its position in shares of FedEx Co. (NYSE:FDX) by 1.6% in the 4th quarter, Holdings Channel reports. The fund owned 215,522 shares of the shipping service provider’s stock after buying an additional 3,469 shares during the period. UniSuper Management Pty Ltd’s holdings in FedEx were worth $60,633,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Fortitude Family Office LLC increased its stake 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 valued at $25,000 after purchasing an additional 52 shares during the period. Peoples Financial Services CORP. bought a new position in FedEx in the 4th quarter worth approximately $28,000. City Holding Co. acquired a new stake in FedEx in the 4th quarter valued at approximately $28,000. Kentucky Trust Co acquired a new position in FedEx during the 4th quarter worth $28,000. Finally, Activest Wealth Management acquired a new position in shares of FedEx during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX stock opened at $243.78 on Thursday. The firm has a market cap of $58.72 billion, a P/E ratio of 15.54, a PEG ratio of 1.11 and a beta of 1.23. 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 fifty-two week low of $217.22 and a fifty-two week high of $313.84. The stock’s 50-day moving average is $257.92 and its two-hundred day moving average is $271.55.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates 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%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.86 EPS. Analysts predict 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. Investors of record on Monday, March 10th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is presently 34.63%.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent analyst reports. Barclays decreased their target price on shares of FedEx from $365.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, March 21st. TD Cowen dropped their target price on FedEx from $337.00 to $310.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft began coverage on FedEx in a research note on Friday, March 7th. They set a “buy” rating and a $337.00 price target for the company. Bank of America dropped their price objective on FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Piper Sandler lowered FedEx to a “neutral” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $300.60.

Insider Buying and Selling

In related 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 directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John W. Dietrich bought 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were bought at an average cost of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now directly 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 disclosure for this purchase can be found here. 8.87% of the stock is currently owned by corporate insiders.

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.