FedEx Co. (NYSE:FDX) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. cut its position in FedEx Co. (NYSE:FDX - Free Report) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,600 shares of the shipping service provider's stock after selling 6,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in FedEx were worth $21,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in FedEx by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock worth $5,682,727,000 after buying an additional 56,236 shares during the last quarter. Dodge & Cox lifted its stake in FedEx by 5.6% during 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 during the last quarter. Geode Capital Management LLC boosted its holdings in FedEx by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock valued at $1,350,686,000 after purchasing an additional 109,006 shares in the last quarter. Franklin Resources Inc. boosted its holdings in FedEx by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock valued at $1,209,338,000 after purchasing an additional 323,115 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of FedEx by 4.1% during the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock worth $906,165,000 after buying an additional 127,044 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. This represents a 20.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.87% of the stock is owned by company insiders.

FedEx Price Performance

FDX traded up $2.14 during midday trading on Monday, reaching $226.52. 1,902,370 shares of the company's stock were exchanged, compared to its average volume of 1,854,288. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84. The stock has a market capitalization of $54.27 billion, a PE ratio of 14.44, a P/E/G ratio of 1.11 and a beta of 1.35. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The business's 50-day moving average price is $216.82 and its 200 day moving average price is $246.59.

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

FedEx Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd will be given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Monday, June 23rd. This is a positive change from FedEx's previous quarterly dividend of $1.38. FedEx's payout ratio is currently 36.39%.

Analyst Ratings Changes

FDX has been the topic of several research analyst reports. Citigroup cut their price target on shares of FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Stephens reissued an "overweight" rating and issued a $300.00 target price on shares of FedEx in a report on Tuesday, May 20th. Wells Fargo & Company decreased their target price on FedEx from $260.00 to $220.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. BMO Capital Markets reduced their price objective on FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research note on Monday, May 19th. Finally, Bank of America reduced their price target on shares of FedEx from $272.00 to $270.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $292.54.

FedEx 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.