13,450 Shares in FedEx Corporation (NYSE:FDX) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in FedEx Corporation (NYSE:FDX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,450 shares of the shipping service provider's stock, valued at approximately $3,279,000.

Other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in FedEx in the 4th quarter valued at $26,000. Pilgrim Partners Asia Pte Ltd bought a new stake in FedEx in the 4th quarter valued at $28,000. Accredited Wealth Management LLC acquired a new position in FedEx in the 4th quarter valued at $35,000. Optiver Holding B.V. acquired a new position in FedEx in the 4th quarter valued at $39,000. Finally, Abound Financial LLC acquired a new position in FedEx in the 1st quarter valued at $38,000. 84.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the sale, the director owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. Corporate insiders own 8.87% of the company's stock.

FedEx Stock Performance

NYSE FDX traded down $1.15 on Thursday, hitting $236.75. 1,534,002 shares of the stock traded hands, compared to its average volume of 1,990,119. The business's fifty day moving average is $226.63 and its two-hundred day moving average is $237.54. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The firm has a market capitalization of $55.85 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.21 and a beta of 1.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%. During the same period in the previous year, the company posted $5.41 EPS. As a group, equities analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 23rd were issued a dividend of $1.45 per share. This is a boost from FedEx's previous quarterly dividend of $1.38. The ex-dividend date was Monday, June 23rd. This represents a $5.80 dividend on an annualized basis and a yield of 2.45%. FedEx's dividend payout ratio is 34.36%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Sanford C. Bernstein dropped their price objective on FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a report on Friday, June 13th. Barclays reiterated an "overweight" rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. BNP Paribas Exane raised FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target on the stock in a research note on Thursday, July 3rd. Finally, Citigroup upped their price target on FedEx from $259.00 to $278.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $283.25.

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.