Dimensional Fund Advisors LP Acquires 3,457 Shares of FedEx Co. (NYSE:FDX)

Dimensional Fund Advisors LP increased its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,026,442 shares of the shipping service provider's stock after acquiring an additional 3,457 shares during the period. Dimensional Fund Advisors LP owned about 0.81% of FedEx worth $512,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. raised its stake in shares of FedEx by 143.2% in the fourth quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider's stock valued at $27,000 after acquiring an additional 63 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of FedEx during the fourth quarter worth approximately $30,000. Tennessee Valley Asset Management Partners purchased a new position in FedEx in the fourth quarter worth approximately $31,000. Planned Solutions Inc. purchased a new position in FedEx in the fourth quarter worth approximately $32,000. Finally, Valley National Advisers Inc. grew its holdings in FedEx by 123.3% during the 4th quarter. Valley National Advisers Inc. now owns 134 shares of the shipping service provider's stock worth $33,000 after acquiring an additional 74 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FDX. TD Cowen raised 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. Bank of America decreased their price target on FedEx from $346.00 to $340.00 and set a "buy" rating for the company in a report on Tuesday, April 2nd. The Goldman Sachs Group increased their price objective on FedEx from $291.00 to $324.00 and gave the company a "buy" rating in a report on Friday, March 22nd. Barclays boosted their target price on FedEx from $310.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, March 22nd. Finally, BNP Paribas reiterated an "underperform" rating and issued a $250.00 price target on shares of FedEx in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $301.33.

Insider Buying and Selling at FedEx

In other news, Chairman Frederick W. Smith sold 113,400 shares of FedEx stock in a transaction 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 transaction, the chairman now owns 14,505,844 shares of the company's stock, valued at approximately $3,978,953,009.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Frederick W. Smith sold 113,400 shares of FedEx stock in a transaction 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 transaction, the chairman now owns 14,505,844 shares of the company's stock, valued at approximately $3,978,953,009.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sriram Krishnasamy sold 354 shares of FedEx stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $289.19, for a total value of $102,373.26. Following the transaction, the chief executive officer now directly owns 11,147 shares of the company's stock, valued at approximately $3,223,600.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,668 shares of company stock valued at $37,758,773. 8.73% of the stock is owned by company insiders.

FedEx Stock Performance

NYSE:FDX traded up $3.67 during midday trading on Friday, reaching $265.73. The stock had a trading volume of 1,092,424 shares, compared to its average volume of 1,174,740. The firm has a fifty day simple moving average of $265.93 and a two-hundred day simple moving average of $255.64. FedEx Co. has a 12-month low of $213.80 and a 12-month high of $291.27. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. The stock has a market cap of $65.39 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.25 and a beta of 1.23.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share for the quarter, beating analysts' consensus estimates of $3.49 by $0.37. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.95 billion. During the same period last year, the firm posted $3.41 EPS. FedEx's quarterly revenue was down 2.1% on a year-over-year basis. On average, equities analysts expect that FedEx Co. will post 17.7 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Friday, March 8th. FedEx's dividend payout ratio (DPR) is currently 29.07%.

FedEx announced that its board has approved a share repurchase program on Thursday, March 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the shipping service provider to buy up to 7.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

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.