FedEx Co. (NYSE:FDX) Stock Holdings Boosted by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. increased its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,573,900 shares of the shipping service provider's stock after purchasing an additional 82,798 shares during the period. FedEx accounts for 2.0% of Mawer Investment Management Ltd.'s holdings, making the stock its 18th biggest holding. Mawer Investment Management Ltd. owned about 0.63% of FedEx worth $398,149,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Northwest Financial Advisors bought a new stake in shares of FedEx in the 4th quarter valued at about $33,000. Wharton Business Group LLC grew its holdings in FedEx by 6.7% in the fourth quarter. Wharton Business Group LLC now owns 18,531 shares of the shipping service provider's stock worth $4,688,000 after purchasing an additional 1,165 shares during the last quarter. Versor Investments LP acquired a new position in shares of FedEx during the fourth quarter worth $607,000. Smithfield Trust Co lifted its holdings in shares of FedEx by 13.1% during the 4th quarter. Smithfield Trust Co now owns 647 shares of the shipping service provider's stock valued at $163,000 after purchasing an additional 75 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of FedEx in the 4th quarter worth $1,186,000. Institutional investors own 84.47% of the company's stock.

Insider Activity

In related news, EVP Tracy B. Brightman sold 2,550 shares of FedEx stock in a transaction that occurred 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 directly owns 6,294 shares in the company, valued at approximately $1,735,192.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Susan C. Schwab sold 6,145 shares of FedEx stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $288.02, for a total transaction of $1,769,882.90. Following the completion of the sale, the director now directly owns 7,865 shares in the company, valued at $2,265,277.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Tracy B. Brightman sold 2,550 shares of the company's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $275.69, for a total transaction of $703,009.50. Following the transaction, the executive vice president now directly owns 6,294 shares in the company, valued at approximately $1,735,192.86. The disclosure for this sale can be found here. Insiders have sold 136,668 shares of company stock worth $37,758,773 over the last ninety days. 8.73% of the stock is currently owned by insiders.

FedEx Price Performance

FDX stock traded up $3.67 during trading on Friday, reaching $265.73. 1,092,424 shares of the company were exchanged, compared to its average volume of 1,174,740. The stock's 50 day moving average price is $265.93 and its 200 day moving average price is $255.54. 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 quick ratio of 1.26 and a current ratio of 1.31. The company has a market cap of $65.39 billion, a P/E ratio of 15.32, a PEG ratio of 1.23 and a beta of 1.23.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share for the quarter, topping analysts' consensus estimates of $3.49 by $0.37. The business had revenue of $21.70 billion for the quarter, compared to analysts' expectations of $21.95 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The company's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.41 EPS. As a group, analysts predict that FedEx Co. will post 17.7 earnings per share for the current fiscal year.

FedEx declared that its Board of Directors has authorized a share repurchase program 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 buy up to 7.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were issued a $1.26 dividend. This represents a $5.04 annualized dividend 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 presently 29.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FDX shares. UBS Group upped their price objective on shares of FedEx from $323.00 to $340.00 and gave the company a "buy" rating in a report on Friday, March 22nd. Jefferies Financial Group lifted their price objective on shares of FedEx from $265.00 to $300.00 and gave the stock a "hold" rating in a research note on Friday, March 22nd. Oppenheimer reissued a "market perform" rating on shares of FedEx in a research report on Friday, March 22nd. Barclays lifted their price target on FedEx from $310.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, March 22nd. Finally, Evercore ISI raised their price objective on FedEx from $327.00 to $351.00 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 assigned a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $301.33.

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.