Oxford Asset Management LLP Acquires New Position in FedEx Co. (NYSE:FDX)

Oxford Asset Management LLP purchased a new stake in shares of FedEx Co. (NYSE:FDX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,987 shares of the shipping service provider's stock, valued at approximately $840,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC boosted its position in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after purchasing an additional 52 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of FedEx during the fourth quarter valued at about $26,000. Peoples Financial Services CORP. purchased a new position in FedEx in the fourth quarter worth approximately $28,000. City Holding Co. purchased a new position in shares of FedEx during the fourth quarter worth about $28,000. Finally, Kentucky Trust Co acquired a new stake in shares of FedEx during the 4th quarter valued at approximately $28,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

Shares of FedEx stock traded down $1.05 during trading on Thursday, hitting $209.29. The stock had a trading volume of 444,051 shares, compared to its average volume of 1,778,264. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The business has a fifty day moving average of $230.32 and a two-hundred day moving average of $260.71. The firm has a market cap of $50.14 billion, a P/E ratio of 13.37, a PEG ratio of 1.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.86 earnings per share. On average, sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a $1.38 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.64%. FedEx's dividend payout ratio is presently 34.63%.

Analysts Set New Price Targets

Several equities research analysts recently commented on FDX shares. BNP Paribas upgraded FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Loop Capital cut shares of FedEx from a "hold" rating to a "sell" rating and decreased their price target for the stock from $283.00 to $221.00 in a report on Friday, March 21st. Citigroup dropped their price target on shares of FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays dropped their target price on shares of FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Finally, TD Cowen lowered their price target on shares of FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $297.71.

Insider Buying and Selling

In other news, COO John Alan Smith sold 6,155 shares of FedEx 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 completion of the sale, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. The trade was a 20.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.87% of the stock is currently owned by corporate 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.