FedEx Co. (NYSE:FDX) Shares Acquired by Anomaly Capital Management LP

Anomaly Capital Management LP increased its holdings in FedEx Co. (NYSE:FDX - Free Report) by 62.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 294,789 shares of the shipping service provider's stock after purchasing an additional 113,584 shares during the period. FedEx makes up about 2.5% of Anomaly Capital Management LP's investment portfolio, making the stock its 18th largest position. Anomaly Capital Management LP owned about 0.12% of FedEx worth $82,933,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in FedEx by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock valued at $5,682,727,000 after purchasing an additional 56,236 shares in the last quarter. Dodge & Cox raised its stake in FedEx by 5.6% during the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock valued at $3,907,568,000 after purchasing an additional 734,268 shares in the last quarter. Geode Capital Management LLC raised its stake in FedEx by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock valued at $1,350,686,000 after purchasing an additional 109,006 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of FedEx by 8.1% in the 4th quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after purchasing an additional 323,115 shares during the period. Finally, Invesco Ltd. increased its position in shares of FedEx by 4.1% during the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock valued at $906,165,000 after purchasing an additional 127,044 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Insider Buying and Selling

In other news, COO John Alan Smith sold 6,155 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.87% of the stock is currently owned by company insiders.

FedEx Stock Down 2.0 %

FDX stock traded down $4.24 on Friday, hitting $211.45. 1,328,116 shares of the company's stock were exchanged, compared to its average volume of 1,780,013. The firm has a 50 day moving average price of $233.47 and a two-hundred day moving average price of $261.79. FedEx Co. has a 12-month low of $194.30 and a 12-month high of $313.84. The stock has a market cap of $50.66 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. 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 (NYSE:FDX - Get Free Report) last issued 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). The business had revenue of $22.16 billion for the quarter, compared to analysts' expectations of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx's revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.86 EPS. As a group, equities research analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Monday, March 10th. FedEx's payout ratio is 34.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Piper Sandler lowered FedEx to a "neutral" rating in a research note on Monday, February 3rd. TD Cowen reduced their price target on shares of FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Stifel Nicolaus dropped their target price on shares of FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. BNP Paribas raised shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. Finally, UBS Group dropped their price objective on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $297.71.

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.