FedEx Co. (NYSE:FDX) Position Boosted by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its position in FedEx Co. (NYSE:FDX) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,522 shares of the shipping service provider’s stock after buying an additional 903 shares during the quarter. MetLife Investment Management LLC’s holdings in FedEx were worth $16,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Natixis increased its holdings in shares of FedEx by 1,061.1% in the 4th quarter. Natixis now owns 35,982 shares of the shipping service provider’s stock valued at $10,123,000 after acquiring an additional 32,883 shares during the last quarter. Norinchukin Bank The boosted its holdings in FedEx by 12.5% in the fourth quarter. Norinchukin Bank The now owns 10,962 shares of the shipping service provider’s stock worth $3,084,000 after purchasing an additional 1,220 shares during the period. Ossiam increased its stake in FedEx by 1,743.0% during the fourth quarter. Ossiam now owns 5,142 shares of the shipping service provider’s stock valued at $1,447,000 after purchasing an additional 4,863 shares during the last quarter. Capital Research Global Investors acquired a new stake in shares of FedEx during the fourth quarter worth $145,733,000. Finally, Curi RMB Capital LLC lifted its position in shares of FedEx by 1.3% in the 4th quarter. Curi RMB Capital LLC now owns 3,615 shares of the shipping service provider’s stock worth $1,017,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insiders Place Their Bets

In other news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 23,347 shares of the company’s stock, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.87% of the company’s stock.

FedEx Stock Up 1.9 %

FDX stock opened at $207.45 on Monday. The firm has a market cap of $49.71 billion, a PE ratio of 13.22, a P/E/G ratio of 1.11 and a beta of 1.24. FedEx Co. has a 12 month low of $194.30 and a 12 month high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $239.05 and a 200 day simple moving average of $263.62.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The company had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $3.86 EPS. Equities research analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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 dividend of $1.38 per share. The ex-dividend date was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.66%. FedEx’s payout ratio is presently 34.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group lowered their price objective on shares of FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Barclays lowered their target price on FedEx from $365.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Citigroup cut their price target on FedEx from $305.00 to $267.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Stephens lowered their price objective on FedEx from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday, March 21st. Finally, Jefferies Financial Group raised FedEx from a “hold” rating to a “buy” rating and dropped their target price for the stock from $300.00 to $275.00 in a research report on Monday, March 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $300.63.

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.