FedEx Co. (NYSE:FDX) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased its stake in shares of FedEx Co. (NYSE:FDX) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,923 shares of the shipping service provider’s stock after purchasing an additional 450 shares during the quarter. Motley Fool Asset Management LLC’s holdings in FedEx were worth $1,751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sentry LLC acquired a new position in shares of FedEx during the 4th quarter valued at about $1,811,748,000. Mizuho Markets Americas LLC purchased a new position in FedEx in the 3rd quarter worth approximately $496,611,000. FMR LLC boosted its holdings in FedEx by 29.1% in the 3rd quarter. FMR LLC now owns 4,063,938 shares of the shipping service provider’s stock worth $1,076,619,000 after acquiring an additional 916,555 shares during the period. International Assets Investment Management LLC boosted its holdings in FedEx by 33,890.5% in the 4th quarter. International Assets Investment Management LLC now owns 651,597 shares of the shipping service provider’s stock worth $166,972,000 after acquiring an additional 649,680 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in FedEx by 144.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,008,037 shares of the shipping service provider’s stock worth $267,135,000 after acquiring an additional 595,628 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

FDX has been the subject of a number of analyst reports. Oppenheimer restated a “market perform” rating on shares of FedEx in a report on Friday, March 22nd. Melius Research raised FedEx from a “hold” rating to a “buy” rating and set a $310.00 price target on the stock in a research report on Monday, January 8th. UBS Group increased their target price on FedEx from $323.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Evercore ISI increased their target price on FedEx from $327.00 to $351.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Finally, BMO Capital Markets raised their price target on FedEx from $290.00 to $310.00 and gave the company a “market perform” 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $301.33.

FedEx Price Performance

Shares of FDX stock traded up $0.23 during trading hours 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. The firm’s 50 day simple moving average is $262.17 and its 200-day simple moving average is $254.51. The company has a market capitalization of $65.40 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.26 and a beta of 1.21. 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.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, March 21st. The shipping service provider reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.37. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.95 billion. During the same period in the prior year, the company earned $3.41 EPS. FedEx’s revenue was down 2.1% compared to the same quarter last year. Sell-side analysts forecast that FedEx Co. will post 17.67 earnings per share for the current year.

FedEx Announces Dividend

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

FedEx declared that its board has initiated a share repurchase plan on Thursday, March 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the shipping service provider to buy up to 7.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, Chairman Frederick W. Smith sold 113,400 shares of FedEx stock in a transaction dated Tuesday, April 9th. The stock was 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 hyperlink. In other news, Chairman Frederick W. Smith sold 113,400 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Guy M. Erwin II sold 2,749 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total value of $794,763.39. Following the completion of the sale, the vice president now owns 486 shares of the company’s stock, valued at $140,507.46. The disclosure for this sale can be found here. Insiders sold a total of 136,668 shares of company stock valued at $37,758,773 in the last three months. Insiders own 8.73% of the company’s stock.

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.