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Mather Group LLC. acquired a new stake in shares of FedEx Co. (NYSE:FDX – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,425 shares of the shipping service provider’s stock, valued at approximately $326,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDX. Lakewood Asset Management LLC purchased a new stake in FedEx during the fourth quarter valued at approximately $26,000. Guardian Wealth Advisors LLC purchased a new stake in FedEx during the first quarter valued at approximately $26,000. GW&K Investment Management LLC purchased a new stake in FedEx during the first quarter valued at approximately $27,000. Horan Securities Inc. increased its holdings in FedEx by 85.7% during the first quarter. Horan Securities Inc. now owns 130 shares of the shipping service provider’s stock valued at $30,000 after buying an additional 60 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of FedEx by 1,957.1% in the first quarter. Sound Income Strategies LLC now owns 144 shares of the shipping service provider’s stock worth $33,000 after purchasing an additional 137 shares during the period. 73.39% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Down 0.3 %

Shares of NYSE FDX opened at $265.77 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.33 and a current ratio of 1.37. The business’s 50 day moving average price is $249.26 and its 200-day moving average price is $228.85. FedEx Co. has a fifty-two week low of $141.92 and a fifty-two week high of $270.95. The company has a market cap of $66.84 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.28 and a beta of 1.35.

FedEx (NYSE:FDX – Get Free Report) last released its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.94 EPS for the quarter, topping the consensus estimate of $4.85 by $0.09. The company had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.55 billion. FedEx had a return on equity of 15.32% and a net margin of 4.41%. FedEx’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the business posted $6.87 EPS. On average, sell-side analysts expect that FedEx Co. will post 17.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein upped their price target on shares of FedEx from $261.00 to $284.00 in a research report on Wednesday, June 21st. Loop Capital dropped their price target on shares of FedEx from $263.00 to $255.00 in a research report on Thursday, June 22nd. UBS Group upped their price target on shares of FedEx from $260.00 to $272.00 in a research report on Wednesday, June 21st. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Finally, Stifel Nicolaus upped their target price on shares of FedEx from $259.00 to $288.00 in a research report on Wednesday, July 26th. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.14.

View Our Latest Research Report on FDX

Insiders Place Their Bets

In other FedEx news, VP Jennifer L. Johnson sold 10,801 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $238.61, for a total transaction of $2,577,226.61. Following the transaction, the vice president now directly owns 3,196 shares in the company, valued at approximately $762,597.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Jennifer L. Johnson sold 10,801 shares of FedEx stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $238.61, for a total value of $2,577,226.61. Following the transaction, the vice president now directly owns 3,196 shares in the company, valued at approximately $762,597.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert B. Carter sold 19,270 shares of FedEx stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $246.00, for a total value of $4,740,420.00. Following the completion of the transaction, the executive vice president now owns 58,875 shares in the company, valued at $14,483,250. The disclosure for this sale can be found here. Insiders have sold 35,816 shares of company stock worth $8,822,147 in the last ninety days. 8.73% of the stock is owned by company insiders.

FedEx Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX – Free Report).

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UMB Bank n.a. trimmed its stake in shares of FedEx Co. (NYSE:FDX – Get Rating) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,301 shares of the shipping service provider’s stock after selling 399 shares during the quarter. UMB Bank n.a.’s holdings in FedEx were worth $4,182,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lakewood Asset Management LLC bought a new position in shares of FedEx in the fourth quarter valued at approximately $26,000. CenterStar Asset Management LLC bought a new position in FedEx in the 4th quarter valued at $29,000. My Personal CFO LLC purchased a new position in shares of FedEx during the 4th quarter valued at $31,000. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of FedEx by 163.9% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 190 shares of the shipping service provider’s stock worth $33,000 after purchasing an additional 118 shares during the period. Finally, Sound Income Strategies LLC raised its position in shares of FedEx by 1,957.1% in the first quarter. Sound Income Strategies LLC now owns 144 shares of the shipping service provider’s stock worth $33,000 after buying an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FDX. Loop Capital upped their target price on FedEx from $241.00 to $263.00 in a research note on Thursday, April 6th. BMO Capital Markets lifted their target price on shares of FedEx from $235.00 to $260.00 in a research report on Thursday, April 6th. Barclays increased their price target on shares of FedEx from $240.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, March 17th. The Goldman Sachs Group lifted their price objective on shares of FedEx from $250.00 to $258.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Finally, Stifel Nicolaus raised their price target on FedEx from $242.00 to $264.00 in a research report on Thursday, April 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.21.

FedEx Stock Performance

Shares of FDX opened at $231.79 on Wednesday. FedEx Co. has a one year low of $141.92 and a one year high of $248.76. The company has a 50-day simple moving average of $226.93 and a two-hundred day simple moving average of $208.40. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.32 and a quick ratio of 1.27. The firm has a market capitalization of $58.26 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.33.

FedEx (NYSE:FDX – Get Rating) last released its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.94 earnings per share for the quarter, beating the consensus estimate of $4.85 by $0.09. The company had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.55 billion. FedEx had a return on equity of 17.71% and a net margin of 3.23%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $6.87 earnings per share. On average, analysts anticipate that FedEx Co. will post 14.89 EPS for the current fiscal year.

FedEx Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 12th will be given a dividend of $1.26 per share. This is a boost from FedEx’s previous quarterly dividend of $1.15. This represents a $5.04 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, June 9th. FedEx’s dividend payout ratio (DPR) is 43.52%.

Insider Buying and Selling

In other news, CEO Frederick W. Smith sold 131,755 shares of FedEx stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $232.21, for a total transaction of $30,594,828.55. Following the completion of the transaction, the chief executive officer now directly owns 14,459,759 shares in the company, valued at $3,357,700,637.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Frederick W. Smith sold 131,755 shares of the stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $232.21, for a total value of $30,594,828.55. Following the sale, the chief executive officer now directly owns 14,459,759 shares of the company’s stock, valued at $3,357,700,637.39. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen E. Gorman purchased 1,080 shares of the stock in a transaction dated Wednesday, April 12th. The stock was bought at an average cost of $230.75 per share, with a total value of $249,210.00. Following the transaction, the director now owns 1,258 shares in the company, valued at $290,283.50. The disclosure for this purchase can be found here. Insiders have sold 146,486 shares of company stock valued at $34,001,009 over the last quarter. Corporate insiders own 8.62% of the company’s stock.

About FedEx

(Get Rating)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company’s FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.

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