Investment House LLC Purchases 6,005 Shares of FedEx Co. (NYSE:FDX)

Investment House LLC increased its stake in FedEx Co. (NYSE:FDX - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,775 shares of the shipping service provider's stock after purchasing an additional 6,005 shares during the quarter. Investment House LLC's holdings in FedEx were worth $10,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sentry LLC purchased a new position in shares of FedEx in the fourth quarter worth $1,811,748,000. Mizuho Markets Americas LLC purchased a new position in shares of FedEx during the third quarter valued at about $496,611,000. FMR LLC grew its position in shares of FedEx by 29.1% during the third quarter. FMR LLC now owns 4,063,938 shares of the shipping service provider's stock valued at $1,076,619,000 after purchasing an additional 916,555 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of FedEx by 33,890.5% in the fourth quarter. International Assets Investment Management LLC now owns 651,597 shares of the shipping service provider's stock worth $166,972,000 after purchasing an additional 649,680 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in FedEx by 144.4% during the third quarter. Ameriprise Financial Inc. now owns 1,008,037 shares of the shipping service provider's stock valued at $267,135,000 after buying an additional 595,628 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FDX has been the topic of a number of recent research reports. Evercore ISI upped their price target on shares of FedEx from $327.00 to $351.00 and gave the company an "outperform" rating in a research note on Friday, March 22nd. Stifel Nicolaus decreased their target price on shares of FedEx from $306.00 to $303.00 and set a "buy" rating on the stock in a research report on Wednesday, April 3rd. Morgan Stanley lifted their price target on FedEx from $195.00 to $210.00 and gave the stock an "equal weight" rating in a research report on Friday, March 22nd. Melius Research upgraded FedEx from a "hold" rating to a "buy" rating and set a $310.00 price objective on the stock in a research report on Monday, January 8th. Finally, TD Cowen raised their price target on FedEx from $293.00 to $320.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $301.33.

FedEx Stock Up 0.0 %

FDX stock traded up $0.02 during trading on Monday, hitting $265.86. 786,524 shares of the company's stock were exchanged, compared to its average volume of 2,013,062. The business has a 50-day moving average price of $262.17 and a two-hundred day moving average price of $254.48. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $65.42 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.25 and a beta of 1.21. FedEx Co. has a 52-week low of $213.80 and a 52-week high of $291.27.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.37. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.95 billion. During the same quarter in the prior year, the firm posted $3.41 earnings per share. FedEx's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities research analysts expect that FedEx Co. will post 17.69 EPS for the current year.

FedEx Announces Dividend

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

FedEx declared that its Board of Directors has authorized a share repurchase plan on Thursday, March 21st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the shipping service provider to purchase up to 7.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Chairman Frederick W. Smith sold 113,400 shares of the company's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the completion of the sale, the chairman now owns 14,505,844 shares in the company, valued at $3,978,953,009.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Tracy B. Brightman sold 2,550 shares of the company's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $275.69, for a total value of $703,009.50. Following the sale, the executive vice president now owns 6,294 shares of the company's stock, valued at approximately $1,735,192.86. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Frederick W. Smith sold 113,400 shares of FedEx stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value of $31,105,620.00. Following the sale, the chairman now owns 14,505,844 shares of the company's stock, valued at approximately $3,978,953,009.20. The disclosure for this sale can be found here. Insiders have sold a total of 136,668 shares of company stock valued at $37,758,773 over the last quarter. 8.73% of the stock is currently owned by insiders.

About FedEx

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.