Motley Fool Asset Management LLC Purchases 450 Shares of FedEx Co. (NYSE:FDX)

Motley Fool Asset Management LLC raised its position in FedEx Co. (NYSE:FDX) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,923 shares of the shipping service provider’s stock after acquiring an additional 450 shares during the quarter. Motley Fool Asset Management LLC’s holdings in FedEx were worth $1,751,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sentry LLC bought a new position in shares of FedEx in the fourth quarter worth about $1,811,748,000. Mizuho Markets Americas LLC purchased a new stake in shares of FedEx during the third quarter worth about $496,611,000. FMR LLC grew its position in shares of FedEx by 29.1% during the third quarter. FMR LLC now owns 4,063,938 shares of the shipping service provider’s stock worth $1,076,619,000 after purchasing an additional 916,555 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of FedEx by 33,890.5% during the fourth quarter. International Assets Investment Management LLC now owns 651,597 shares of the shipping service provider’s stock worth $166,972,000 after purchasing an additional 649,680 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of FedEx by 144.4% during the third quarter. Ameriprise Financial Inc. now owns 1,008,037 shares of the shipping service provider’s stock worth $267,135,000 after purchasing an additional 595,628 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Frederick W. Smith sold 113,400 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the completion of the sale, the chairman now directly owns 14,505,844 shares in the company, valued at approximately $3,978,953,009.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other FedEx news, Chairman Frederick W. Smith sold 113,400 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total value of $31,105,620.00. Following the completion of the transaction, the chairman now directly owns 14,505,844 shares of the company’s stock, valued at approximately $3,978,953,009.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Tracy B. Brightman sold 2,550 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $275.69, for a total transaction of $703,009.50. Following the completion of the transaction, the executive vice president now directly owns 6,294 shares of the company’s stock, valued at $1,735,192.86. The disclosure for this sale can be found here. Insiders have sold a total of 136,668 shares of company stock valued at $37,758,773 over the last quarter. 8.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FDX. Stifel Nicolaus cut their target price on FedEx from $306.00 to $303.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Melius upgraded FedEx from a “hold” rating to a “buy” rating in a report on Monday, January 8th. TD Cowen raised their price target on FedEx from $293.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. BNP Paribas reiterated an “underperform” rating and set a $250.00 price target on shares of FedEx in a research note on Wednesday, March 27th. Finally, Jefferies Financial Group boosted their price objective on FedEx from $265.00 to $300.00 and gave the company a “hold” rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $301.33.

FedEx Stock Up 0.1 %

FedEx stock traded up $0.23 during midday trading on Friday, reaching $265.75. The company’s stock had a trading volume of 958,869 shares, compared to its average volume of 2,028,195. FedEx Co. has a fifty-two week low of $213.80 and a fifty-two week high of $291.27. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. The company has a market cap of $65.40 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.26 and a beta of 1.21. The business has a 50-day simple moving average of $262.17 and a 200-day simple moving average of $254.51.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.37. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.95 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.41 earnings per share. On average, research analysts expect that FedEx Co. will post 17.67 earnings per share for the current fiscal year.

FedEx announced that its Board of Directors has approved a stock repurchase plan on Thursday, March 21st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the shipping service provider to reacquire up to 7.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Friday, March 8th. FedEx’s dividend payout ratio is currently 29.07%.

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.