FedEx Co. (NYSE:FDX) Shares Acquired by Ossiam

Ossiam grew its stake in FedEx Co. (NYSE:FDX - Free Report) by 1,743.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,142 shares of the shipping service provider's stock after buying an additional 4,863 shares during the period. Ossiam's holdings in FedEx were worth $1,447,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC boosted its stake 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 acquiring an additional 52 shares in the last quarter. Peoples Financial Services CORP. purchased a new position in FedEx during the 4th quarter worth approximately $28,000. City Holding Co. acquired a new position in FedEx during the fourth quarter worth approximately $28,000. Kentucky Trust Co purchased a new stake in FedEx in the fourth quarter valued at approximately $28,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $28,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FDX. Deutsche Bank Aktiengesellschaft assumed coverage on shares of FedEx in a report on Friday, March 7th. They issued a "buy" rating and a $337.00 target price on the stock. Stephens reduced their target price on shares of FedEx from $320.00 to $300.00 and set an "overweight" rating for the company in a report on Friday, March 21st. BNP Paribas raised FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Piper Sandler downgraded FedEx to a "neutral" rating in a research note on Monday, February 3rd. Finally, TD Cowen lowered their target price on FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $297.71.

FedEx Price Performance

NYSE FDX traded down $4.24 during mid-day trading on Friday, hitting $211.45. The stock had a trading volume of 1,328,116 shares, compared to its average volume of 1,776,728. The company has a 50 day simple moving average of $233.47 and a 200 day simple moving average of $261.83. The company has a market cap of $50.66 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.11 and a beta of 1.24. FedEx Co. has a 52-week low of $194.30 and a 52-week high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX - Get Free Report) last announced 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 net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. During the same quarter in the prior year, the business earned $3.86 EPS. The company's quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

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

Insider Buying and Selling at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.87% of the stock is owned by insiders.

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.