FedEx Co. (NYSE:FDX) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its stake in FedEx Co. (NYSE:FDX) by 13.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,741 shares of the shipping service provider’s stock after purchasing an additional 698 shares during the period. Park Avenue Securities LLC’s holdings in FedEx were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in FedEx by 1.5% in the third quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider’s stock worth $1,281,335,000 after buying an additional 67,502 shares during the period. Franklin Resources Inc. increased its holdings in shares of FedEx by 8.6% during the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock valued at $1,042,050,000 after purchasing an additional 314,380 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of FedEx by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after purchasing an additional 578,350 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of FedEx by 0.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider’s stock valued at $465,031,000 after purchasing an additional 11,100 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of FedEx by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock valued at $397,267,000 after purchasing an additional 13,093 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FedEx

In other news, EVP John W. Dietrich acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the purchase, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

FedEx Stock Performance

Shares of FedEx stock opened at $275.11 on Friday. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The firm has a market capitalization of $66.26 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.12 and a beta of 1.20. The business has a 50-day simple moving average of $283.48 and a 200 day simple moving average of $284.04. 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 (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $3.99 EPS. On average, research analysts anticipate that FedEx Co. will post 19.2 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.01%. FedEx’s payout ratio is presently 35.18%.

Analyst Ratings Changes

A number of brokerages have recently commented on FDX. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. BMO Capital Markets lifted their target price on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Loop Capital raised FedEx from a “hold” rating to a “buy” rating and lifted their target price for the stock from $288.00 to $365.00 in a report on Friday, December 20th. Raymond James lifted their target price on FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus lifted their target price on FedEx from $321.00 to $368.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $325.61.

About FedEx

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.