Mercer Capital Advisers Inc. lifted its stake in shares of FedEx Co. (NYSE:FDX) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,125 shares of the shipping service provider’s stock after purchasing an additional 1,500 shares during the period. FedEx makes up about 1.2% of Mercer Capital Advisers Inc.’s investment portfolio, making the stock its 20th biggest position. Mercer Capital Advisers Inc.’s holdings in FedEx were worth $1,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Sumitomo Life Insurance Co. raised its stake in shares of FedEx by 5.8% during the fourth quarter. Sumitomo Life Insurance Co. now owns 7,205 shares of the shipping service provider’s stock worth $1,089,000 after buying an additional 393 shares during the last quarter. Advisor Partners LLC lifted its stake in FedEx by 1.5% in the fourth quarter. Advisor Partners LLC now owns 5,553 shares of the shipping service provider’s stock valued at $884,000 after acquiring an additional 83 shares during the last quarter. Benin Management CORP lifted its stake in FedEx by 0.5% in the fourth quarter. Benin Management CORP now owns 19,696 shares of the shipping service provider’s stock valued at $2,978,000 after acquiring an additional 95 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC lifted its stake in FedEx by 13.7% in the fourth quarter. Landsberg Bennett & Dubbaneh LLC now owns 1,667 shares of the shipping service provider’s stock valued at $250,000 after acquiring an additional 201 shares during the last quarter. Finally, Selway Asset Management lifted its stake in FedEx by 2.6% in the fourth quarter. Selway Asset Management now owns 24,025 shares of the shipping service provider’s stock valued at $3,633,000 after acquiring an additional 615 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

In related news, Director John A. Edwardson purchased 10,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average cost of $148.22 per share, for a total transaction of $1,482,200.00. Following the completion of the transaction, the director now directly owns 77,966 shares in the company, valued at approximately $11,556,120.52. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John A. Edwardson purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were bought at an average price of $151.75 per share, for a total transaction of $758,750.00. Following the completion of the transaction, the director now owns 62,966 shares of the company’s stock, valued at $9,555,090.50. The disclosure for this purchase can be found here. Corporate insiders own 8.44% of the company’s stock.

FDX has been the topic of several research analyst reports. Cowen dropped their price objective on shares of FedEx from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. UBS Group raised shares of FedEx from a “sell” rating to a “neutral” rating and increased their price objective for the company from $132.00 to $161.00 in a research report on Thursday, December 12th. BMO Capital Markets dropped their price objective on shares of FedEx from $165.00 to $160.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 18th. Deutsche Bank lowered shares of FedEx to a “hold” rating and set a $142.00 price objective on the stock. in a research report on Wednesday, December 18th. Finally, Loop Capital reissued a “buy” rating and issued a $194.00 price objective on shares of FedEx in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. FedEx presently has an average rating of “Hold” and a consensus target price of $169.88.

Shares of NYSE FDX traded down $1.05 during midday trading on Friday, reaching $153.83. The stock had a trading volume of 1,473,494 shares, compared to its average volume of 2,307,164. The firm has a market cap of $40.61 billion, a price-to-earnings ratio of 732.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.68. FedEx Co. has a twelve month low of $137.78 and a twelve month high of $199.32. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.20 and a current ratio of 1.25. The company’s 50 day moving average price is $155.91 and its 200 day moving average price is $157.46.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, December 17th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.78 by ($0.27). The firm had revenue of $17.32 billion during the quarter, compared to analyst estimates of $17.69 billion. FedEx had a return on equity of 19.10% and a net margin of 0.11%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.03 EPS. Equities analysts forecast that FedEx Co. will post 10.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 9th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, December 6th. FedEx’s dividend payout ratio is presently 16.75%.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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