Mathes Company Inc. Acquires 11,130 Shares of FedEx Co. (NYSE:FDX)

Mathes Company Inc. increased its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 527.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,240 shares of the shipping service provider's stock after acquiring an additional 11,130 shares during the quarter. FedEx makes up approximately 1.4% of Mathes Company Inc.'s holdings, making the stock its 24th biggest holding. Mathes Company Inc.'s holdings in FedEx were worth $3,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Financial Management Professionals Inc. grew its position in FedEx by 143.2% in the 4th quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider's stock worth $27,000 after purchasing an additional 63 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in FedEx in the 4th quarter worth about $31,000. Planned Solutions Inc. bought a new position in FedEx in the 4th quarter worth about $32,000. Valley National Advisers Inc. grew its position in FedEx by 123.3% in the 4th quarter. Valley National Advisers Inc. now owns 134 shares of the shipping service provider's stock worth $33,000 after purchasing an additional 74 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. grew its position in FedEx by 321.9% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 135 shares of the shipping service provider's stock worth $34,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Analyst Upgrades and Downgrades

FDX has been the subject of several recent analyst reports. Bank Of America (Bofa) upped their target price on shares of FedEx from $330.00 to $334.00 in a research report on Wednesday, December 20th. TD Cowen increased their price objective on shares of FedEx from $293.00 to $320.00 and gave the company an "outperform" rating in a report on Friday, March 22nd. Robert W. Baird increased their price objective on shares of FedEx from $315.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, March 22nd. Jefferies Financial Group increased their price objective on shares of FedEx from $265.00 to $300.00 and gave the company a "hold" rating in a report on Friday, March 22nd. Finally, Barclays increased their price objective on shares of FedEx from $310.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $301.33.

Insider Buying and Selling at FedEx

In related news, Director Susan C. Schwab sold 6,145 shares of FedEx stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $288.02, for a total value of $1,769,882.90. Following the completion of the sale, the director now owns 7,865 shares of the company's stock, valued at approximately $2,265,277.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Susan C. Schwab sold 6,145 shares of FedEx stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $288.02, for a total value of $1,769,882.90. Following the completion of the sale, the director now owns 7,865 shares of the company's stock, valued at approximately $2,265,277.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Tracy B. Brightman sold 2,550 shares of FedEx stock in a transaction on Monday, April 8th. The stock was sold at an average price of $275.69, for a total transaction of $703,009.50. Following the completion of the transaction, the executive vice president now owns 6,294 shares in the company, valued at approximately $1,735,192.86. The disclosure for this sale can be found here. Insiders sold 136,668 shares of company stock valued at $37,758,773 in the last quarter. Company insiders own 8.73% of the company's stock.

FedEx Trading Down 0.7 %

NYSE FDX traded down $1.88 on Tuesday, hitting $264.86. 1,421,120 shares of the stock were exchanged, compared to its average volume of 2,107,942. The company's 50-day moving average price is $257.89 and its two-hundred day moving average price is $254.05. The company has a market capitalization of $65.18 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.26 and a beta of 1.21. FedEx Co. has a 52-week low of $213.80 and a 52-week high of $291.27. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.26.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.49 by $0.37. The company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.95 billion. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $3.41 EPS. Research analysts predict that FedEx Co. will post 17.67 EPS for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, March 8th. FedEx's dividend payout ratio (DPR) is currently 29.07%.

FedEx declared that its Board of Directors has approved a stock repurchase program on Thursday, March 21st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the shipping service provider to buy up to 7.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

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.