Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Holdings in FedEx Corporation (NYSE:FDX)

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in FedEx Corporation (NYSE:FDX - Free Report) by 6.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 160,596 shares of the shipping service provider's stock after acquiring an additional 9,216 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of FedEx worth $39,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in FedEx in the fourth quarter worth $26,000. Pilgrim Partners Asia Pte Ltd purchased a new position in FedEx in the fourth quarter worth $28,000. Accredited Wealth Management LLC purchased a new position in FedEx in the fourth quarter worth $35,000. Abound Financial LLC purchased a new position in FedEx in the first quarter worth $38,000. Finally, Optiver Holding B.V. purchased a new position in FedEx in the fourth quarter worth $39,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the sale, the director owned 7,720 shares in the company, valued at $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,343 shares of company stock valued at $2,228,816. Corporate insiders own 8.87% of the company's stock.

FedEx Stock Up 2.9%

Shares of NYSE FDX traded up $6.77 on Friday, reaching $243.28. 1,811,699 shares of the company's stock traded hands, compared to its average volume of 1,994,019. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The business's 50 day simple moving average is $227.02 and its two-hundred day simple moving average is $236.81. The company has a market cap of $57.39 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.27 and a beta of 1.35. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter last year, the firm earned $5.41 earnings per share. As a group, equities research analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 23rd were paid a dividend of $1.45 per share. This is an increase 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 dividend yield of 2.38%. FedEx's dividend payout ratio (DPR) is currently 34.36%.

Analyst Ratings Changes

Several analysts have issued reports on FDX shares. Cowen restated a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. TD Cowen cut their price target on shares of FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Sanford C. Bernstein cut their price target on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research report on Friday, June 13th. Barclays restated an "overweight" rating and set a $320.00 price target (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Finally, UBS Group cut their price target on shares of FedEx from $311.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.