FedEx Co. (NYSE:FDX) Shares Acquired by Cwm LLC

Cwm LLC boosted its position in FedEx Co. (NYSE:FDX) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,649 shares of the shipping service provider’s stock after buying an additional 322 shares during the quarter. Cwm LLC’s holdings in FedEx were worth $1,682,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, Director Susan C. Schwab sold 6,145 shares of the stock in a transaction on Wednesday, March 27th. The stock was 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 owns 7,865 shares in the company, valued at approximately $2,265,277.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Susan C. Schwab sold 6,145 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was 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 of the company’s stock, valued at $2,265,277.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Guy M. Erwin II sold 2,749 shares of FedEx stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $289.11, for a total value of $794,763.39. Following the completion of the transaction, the vice president now directly owns 486 shares in the company, valued at approximately $140,507.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,668 shares of company stock worth $37,758,773. Corporate insiders own 8.73% of the company’s stock.

FedEx Stock Performance

FDX opened at $265.75 on Friday. FedEx Co. has a 1-year low of $213.80 and a 1-year high of $291.27. The company has a market capitalization of $65.40 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. The business has a 50 day moving average price of $262.17 and a two-hundred day moving average price of $254.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.26.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.37. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.95 billion. During the same quarter last year, the business posted $3.41 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. Research analysts predict that FedEx Co. will post 17.67 EPS for the current fiscal year.

FedEx declared that its board has approved a share repurchase program on Thursday, March 21st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the shipping service provider to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

FedEx Dividend Announcement

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

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of FedEx from $195.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Stifel Nicolaus reduced their target price on FedEx from $306.00 to $303.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. UBS Group boosted their price target on FedEx from $323.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Bank of America reduced their price objective on FedEx from $346.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd. Finally, Robert W. Baird boosted their target price on shares of FedEx from $315.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $301.33.

FedEx 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.