Vanguard Personalized Indexing Management LLC Grows Stake in FedEx Corporation $FDX

Vanguard Personalized Indexing Management LLC boosted its position in FedEx Corporation (NYSE:FDX) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,079 shares of the shipping service provider’s stock after purchasing an additional 2,851 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in FedEx were worth $10,422,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ulland Investment Advisors LLC purchased a new position in FedEx in the 4th quarter valued at approximately $29,000. Tucker Asset Management LLC purchased a new position in FedEx in the 4th quarter valued at approximately $29,000. Wilkerson Advisory Group LLC purchased a new position in FedEx in the 4th quarter valued at approximately $29,000. ORG Partners LLC increased its stake in FedEx by 50.0% in the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after purchasing an additional 35 shares in the last quarter. Finally, Camelot Portfolios LLC purchased a new position in FedEx in the 4th quarter valued at approximately $31,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Kawal Preet sold 4,900 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the sale, the executive vice president owned 10,953 shares in the company, valued at $4,029,499.17. This trade represents a 30.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Schwab sold 5,795 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total value of $2,138,355.00. Following the sale, the director owned 10,038 shares in the company, valued at $3,704,022. This trade represents a 36.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,104 shares of company stock worth $17,599,006 over the last ninety days. Company insiders own 0.53% of the company’s stock.

FedEx Stock Performance

FedEx stock opened at $338.12 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a fifty day moving average of $371.37 and a two-hundred day moving average of $343.63. The company has a market capitalization of $80.68 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.54 and a beta of 1.28. FedEx Corporation has a fifty-two week low of $172.88 and a fifty-two week high of $345.37.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.12 by $1.13. The company had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.FedEx’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.51 earnings per share. On average, analysts anticipate that FedEx Corporation will post 19.78 EPS for the current fiscal year.

FedEx Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd will be issued a dividend of $1.22 per share. The ex-dividend date is Monday, June 22nd. This represents a $4.88 annualized dividend and a dividend yield of 1.4%. FedEx’s dividend payout ratio (DPR) is 30.87%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FDX shares. Bank of America dropped their price objective on FedEx from $440.00 to $376.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Seaport Research Partners assumed coverage on FedEx in a research note on Wednesday, May 27th. They issued a “buy” rating for the company. Stephens reissued an “overweight” rating and set a $435.00 price target on shares of FedEx in a research report on Tuesday, April 14th. Citigroup assumed coverage on FedEx in a research report on Thursday, May 21st. They set a “buy” rating and a $443.00 price target for the company. Finally, BMO Capital Markets dropped their price target on FedEx from $410.00 to $340.00 and set a “market perform” rating for the company in a research report on Monday, June 1st. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.45.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.