Natixis Purchases 32,883 Shares of FedEx Co. (NYSE:FDX)

Natixis raised its position in FedEx Co. (NYSE:FDX - Free Report) by 1,061.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,982 shares of the shipping service provider's stock after purchasing an additional 32,883 shares during the quarter. Natixis' holdings in FedEx were worth $10,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FDX. Norges Bank purchased a new stake in shares of FedEx in the fourth quarter valued at $807,352,000. Raymond James Financial Inc. purchased a new position in FedEx during the 4th quarter valued at about $234,028,000. Dodge & Cox lifted its position in shares of FedEx by 5.6% in the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock worth $3,907,568,000 after purchasing an additional 734,268 shares in the last quarter. Capital Research Global Investors purchased a new position in FedEx during the fourth quarter valued at approximately $145,733,000. Finally, ACR Alpine Capital Research LLC boosted its stake in shares of FedEx by 62.9% during the 4th quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider's stock valued at $239,909,000 after buying an additional 329,170 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 topic of several research reports. JPMorgan Chase & Co. dropped their target price on FedEx from $323.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Barclays reduced their price objective on shares of FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Oppenheimer restated a "market perform" rating on shares of FedEx in a report on Friday, March 21st. Cfra Research raised FedEx to a "hold" rating in a report on Thursday, March 20th. Finally, Jefferies Financial Group upgraded FedEx from a "hold" rating to a "buy" rating and reduced their target price for the stock from $300.00 to $275.00 in a report on Monday, March 24th. Two investment 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $297.71.

FedEx Price Performance

Shares of NYSE:FDX traded down $4.24 during trading on Friday, reaching $211.45. The stock had a trading volume of 1,328,116 shares, compared to its average volume of 1,776,728. The stock has a market capitalization of $50.66 billion, a PE 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 business's 50-day moving average price is $233.47 and its 200 day moving average price is $261.83. 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 (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion during 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%. FedEx's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.86 EPS. As a group, equities analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

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

Insider Buying and Selling at FedEx

In related news, COO John Alan Smith sold 6,155 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were 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 in the company, valued at $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.87% of the company's stock.

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.