FedEx Co. (NYSE:FDX) Holdings Boosted by Nebula Research & Development LLC

Nebula Research & Development LLC lifted its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 165.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,735 shares of the shipping service provider's stock after buying an additional 6,692 shares during the quarter. Nebula Research & Development LLC's holdings in FedEx were worth $3,020,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FDX. Norges Bank purchased a new stake in FedEx in the fourth quarter valued at approximately $807,352,000. Raymond James Financial Inc. purchased a new stake in FedEx in the fourth quarter valued at approximately $234,028,000. Dodge & Cox lifted its stake in FedEx by 5.6% in the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock valued at $3,907,568,000 after buying an additional 734,268 shares during the last quarter. Capital Research Global Investors purchased a new stake in FedEx in the fourth quarter valued at approximately $145,733,000. Finally, ACR Alpine Capital Research LLC lifted its stake in FedEx by 62.9% in the fourth quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider's stock valued at $239,909,000 after buying an additional 329,170 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FDX shares. Cfra Research upgraded FedEx to a "hold" rating in a research note on Thursday, March 20th. BMO Capital Markets cut their price target on FedEx from $330.00 to $275.00 and set a "market perform" rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. cut their price target on FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Raymond James cut their price target on FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, Citigroup cut their price target on FedEx from $305.00 to $267.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, FedEx has a consensus rating of "Moderate Buy" and an average target price of $297.71.

FedEx Stock Down 1.3 %

Shares of FDX stock traded down $2.74 on Wednesday, hitting $207.11. The stock had a trading volume of 370,344 shares, compared to its average volume of 1,881,779. The firm has a market capitalization of $49.62 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.11 and a beta of 1.24. The stock's 50 day moving average is $231.19 and its 200-day moving average is $261.06. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a 52-week low of $194.29 and a 52-week high of $313.84.

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

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $1.38 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.67%. FedEx's dividend payout ratio is presently 34.63%.

Insider Activity at FedEx

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

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.