FedEx Co. (NYSE:FDX) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its stake in FedEx Co. (NYSE:FDX - Free Report) by 48.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,586 shares of the shipping service provider's stock after selling 13,480 shares during the period. TD Waterhouse Canada Inc.'s holdings in FedEx were worth $4,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in FedEx by 48.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,810 shares of the shipping service provider's stock worth $2,760,000 after buying an additional 3,192 shares during the period. Transce3nd LLC bought a new stake in FedEx in the fourth quarter worth about $26,000. Landing Point Financial Group LLC bought a new stake in FedEx during the 4th quarter valued at about $416,000. MetLife Investment Management LLC grew its position in shares of FedEx by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 59,522 shares of the shipping service provider's stock worth $16,745,000 after buying an additional 903 shares in the last quarter. Finally, Natixis raised its holdings in shares of FedEx by 1,061.1% in the 4th quarter. Natixis now owns 35,982 shares of the shipping service provider's stock valued at $10,123,000 after purchasing an additional 32,883 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Insider Activity at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. The trade was a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FDX shares. Cfra Research raised shares of FedEx to a "hold" rating in a research note on Thursday, March 20th. BNP Paribas raised FedEx from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, January 16th. UBS Group cut their target price on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. decreased their price target on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Finally, Stephens cut their price objective on shares of FedEx from $320.00 to $300.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $297.71.

FedEx Stock Performance

NYSE:FDX traded up $0.20 during mid-day trading on Monday, hitting $211.76. The company's stock had a trading volume of 330,719 shares, compared to its average volume of 1,890,707. The business's fifty day moving average is $233.47 and its two-hundred day moving average is $261.79. The stock has a market cap of $50.74 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a 1 year low of $194.29 and a 1 year high of $313.84.

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

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Monday, March 10th. FedEx's dividend payout ratio (DPR) is presently 34.63%.

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.