Robeco Institutional Asset Management B.V. Purchases 47,670 Shares of FedEx Corporation $FDX

Key Points

• Robeco Institutional Asset Management raised its FedEx stake by 99.7%, purchasing 47,670 shares to own 95,489 shares worth $27.58 million at the end of the quarter.
• FedEx beat quarterly expectations with $5.25 EPS versus $4.12 and $24 billion in revenue (up 8.3% YoY), triggering multiple analyst target increases and a consensus rating of Moderate Buy with an average price target of $398.04.
• Institutional investors now own about 84.47% of FedEx, and the company pays a quarterly dividend of $1.45 (annualized $5.80, yield 1.6%).

Robeco Institutional Asset Management B.V. raised its stake in FedEx Corporation (NYSE:FDX - Free Report) by 99.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,489 shares of the shipping service provider's stock after buying an additional 47,670 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in FedEx were worth $27,583,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ulland Investment Advisors LLC bought a new position in FedEx in the fourth quarter valued at approximately $29,000. ORG Partners LLC lifted its stake in FedEx by 50.0% in the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider's stock valued at $30,000 after buying an additional 35 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in FedEx in the third quarter valued at approximately $27,000. Wealth Watch Advisors INC bought a new position in FedEx in the third quarter valued at approximately $28,000. Finally, Ameriflex Group Inc. lifted its stake in FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider's stock valued at $29,000 after buying an additional 63 shares in the last quarter. Institutional investors own 84.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FDX shares. Argus lifted their price target on shares of FedEx from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, April 6th. Raymond James Financial lifted their price target on shares of FedEx from $305.00 to $410.00 and gave the company an "outperform" rating in a research note on Friday, February 13th. Zacks Research lowered shares of FedEx from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 18th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of FedEx in a research note on Monday, December 29th. Finally, BNP Paribas Exane set a $280.00 price target on shares of FedEx and gave the company a "neutral" rating in a research note on Tuesday, January 13th. Eighteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $398.04.

FedEx Price Performance

NYSE FDX opened at $371.21 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. FedEx Corporation has a 12-month low of $201.03 and a 12-month high of $392.86. The company has a market capitalization of $88.57 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.64 and a beta of 1.28. The firm's 50 day moving average is $366.49 and its 200-day moving average is $306.53.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company had revenue of $24 billion for the quarter, compared to the consensus estimate of $23.44 billion. During the same period last year, the company earned $4.51 earnings per share. The firm's revenue was up 8.3% compared to the same quarter last year. Equities research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th were issued a $1.45 dividend. The ex-dividend date was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.6%. FedEx's dividend payout ratio (DPR) is 30.87%.

About FedEx

FedEx Corporation NYSE: FDX is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx's core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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