Stifel Financial Corp Acquires 5,913 Shares of FedEx Co. (NYSE:FDX)

Stifel Financial Corp lifted its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,818 shares of the shipping service provider's stock after acquiring an additional 5,913 shares during the quarter. Stifel Financial Corp owned approximately 0.10% of FedEx worth $69,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of FedEx by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock valued at $5,682,727,000 after purchasing an additional 56,236 shares during the last quarter. Dodge & Cox grew its holdings in FedEx by 5.6% during the 4th quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock worth $3,907,568,000 after acquiring an additional 734,268 shares during the period. Geode Capital Management LLC raised its position in shares of FedEx by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock worth $1,350,686,000 after acquiring an additional 109,006 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of FedEx by 8.1% in the 4th quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock valued at $1,209,338,000 after purchasing an additional 323,115 shares during the period. Finally, Invesco Ltd. boosted its position in shares of FedEx by 4.1% during the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock valued at $906,165,000 after purchasing an additional 127,044 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FDX has been the topic of several recent analyst reports. UBS Group dropped their price target on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Loop Capital lowered shares of FedEx from a "hold" rating to a "sell" rating and cut their target price for the stock from $283.00 to $221.00 in a research note on Friday, March 21st. Bank of America decreased their price target on shares of FedEx from $295.00 to $272.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Barclays reduced their target price on FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on FedEx in a research note on Friday, March 7th. They set a "buy" rating and a $337.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $297.71.

FedEx Stock Performance

Shares of FDX stock traded down $0.21 during trading hours on Monday, hitting $211.35. 360,810 shares of the company were exchanged, compared to its average volume of 1,774,478. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $50.64 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.11 and a beta of 1.24. The firm has a fifty day simple moving average of $233.47 and a 200 day simple moving average of $261.79. FedEx Co. has a 52-week low of $194.30 and a 52-week high of $313.84.

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

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, March 10th. FedEx's payout ratio is currently 34.63%.

Insider Buying and Selling

In other news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction 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 approximately $5,686,161.85. This trade represents a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.87% of the stock is owned by insiders.

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.