Efficient Advisors LLC Purchases Shares of 3,964 FedEx Corporation (NYSE:FDX)

Efficient Advisors LLC purchased a new position in shares of FedEx Corporation (NYSE:FDX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,964 shares of the shipping service provider's stock, valued at approximately $966,000.

A number of other institutional investors also recently added to or reduced their stakes in FDX. Transce3nd LLC acquired a new position in FedEx during the 4th quarter worth $26,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in FedEx in the 4th quarter valued at about $28,000. Accredited Wealth Management LLC bought a new position in shares of FedEx during the 4th quarter valued at about $35,000. Abound Financial LLC acquired a new position in shares of FedEx in the 1st quarter worth approximately $38,000. Finally, Optiver Holding B.V. acquired a new position in shares of FedEx in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial reiterated a "buy" rating and set a $275.00 price objective on shares of FedEx in a research report on Wednesday, June 25th. Stephens restated an "overweight" rating and issued a $300.00 target price on shares of FedEx in a report on Tuesday, May 20th. Stifel Nicolaus set a $315.00 target price on FedEx in a report on Wednesday, June 25th. Citigroup lifted their target price on FedEx from $259.00 to $278.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Raymond James Financial restated an "outperform" rating and issued a $260.00 target price (down from $275.00) on shares of FedEx in a report on Wednesday, June 25th. Two equities 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $283.25.

Insider Buying and Selling

In related news, Director Marvin R. Ellison sold 3,610 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the transaction, the director directly owned 7,720 shares of the company's stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the transaction, the director directly 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 disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock valued at $2,228,816 over the last ninety days. 8.87% of the stock is owned by company insiders.

FedEx Stock Performance

Shares of NYSE:FDX traded up $6.77 on Friday, hitting $243.28. 1,811,699 shares of the company were exchanged, compared to its average volume of 1,994,019. The company's 50 day moving average price is $227.02 and its two-hundred day moving average price is $236.81. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. The firm has a market capitalization of $57.39 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.27 and a beta of 1.35.

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

FedEx Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 23rd were given a $1.45 dividend. This is a boost from FedEx's previous quarterly dividend of $1.38. This represents a $5.80 annualized dividend and a yield of 2.38%. The ex-dividend date was Monday, June 23rd. FedEx's dividend payout ratio (DPR) is 34.36%.

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.