FedEx Co. (NYSE:FDX) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its position in FedEx Co. (NYSE:FDX - Free Report) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,047 shares of the shipping service provider's stock after selling 11,670 shares during the quarter. AQR Capital Management LLC owned approximately 0.06% of FedEx worth $40,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its holdings in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after buying an additional 52 shares during the last quarter. Transce3nd LLC purchased a new position in shares of FedEx in the 4th quarter valued at about $26,000. Peoples Financial Services CORP. acquired a new stake in shares of FedEx during the 4th quarter worth about $28,000. City Holding Co. purchased a new stake in FedEx during the fourth quarter worth approximately $28,000. Finally, Kentucky Trust Co acquired a new position in FedEx in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Trading Down 1.2 %

FedEx stock traded down $2.73 during trading on Monday, hitting $216.99. The company's stock had a trading volume of 1,261,670 shares, compared to its average volume of 1,789,528. The stock's fifty day moving average is $227.94 and its 200 day moving average is $259.41. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84. The stock has a market capitalization of $51.99 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.11 and a beta of 1.36.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion for the quarter, compared to analysts' expectations of $21.96 billion. During the same period in the prior year, the business earned $3.86 EPS. The business's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities research analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $1.38 per share. The ex-dividend date was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.54%. FedEx's dividend payout ratio is presently 34.63%.

Insider Transactions at FedEx

In related news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the transaction, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. The trade was a 20.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.87% of the company's stock.

Analyst Upgrades and Downgrades

FDX has been the subject of several research analyst reports. Stifel Nicolaus decreased their price objective on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Barclays dropped their price target on FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company reduced their price objective on FedEx from $260.00 to $220.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. TD Cowen lowered their target price on shares of FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Loop Capital downgraded shares of FedEx from a "hold" rating to a "sell" rating and reduced their price target for the company from $283.00 to $221.00 in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $297.71.

FedEx Company 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.