Ontario Teachers Pension Plan Board lifted its stake in shares of FedEx Co. (NYSE:FDX) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,803 shares of the shipping service provider’s stock after buying an additional 3,538 shares during the period. Ontario Teachers Pension Plan Board’s holdings in FedEx were worth $22,909,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in FDX. American International Group Inc. lifted its holdings in FedEx by 5.7% during the fourth quarter. American International Group Inc. now owns 77,765 shares of the shipping service provider’s stock worth $19,405,000 after acquiring an additional 4,181 shares during the period. Mariner Wealth Advisors LLC lifted its holdings in FedEx by 21.6% during the fourth quarter. Mariner Wealth Advisors LLC now owns 6,798 shares of the shipping service provider’s stock worth $1,696,000 after acquiring an additional 1,209 shares during the period. Virtu Financial LLC lifted its holdings in FedEx by 116.4% during the fourth quarter. Virtu Financial LLC now owns 11,195 shares of the shipping service provider’s stock worth $2,794,000 after acquiring an additional 6,021 shares during the period. Tower Research Capital LLC TRC lifted its holdings in FedEx by 1,011.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,957 shares of the shipping service provider’s stock worth $738,000 after acquiring an additional 2,691 shares during the period. Finally, Bridges Investment Management Inc. lifted its holdings in FedEx by 2.4% during the fourth quarter. Bridges Investment Management Inc. now owns 53,493 shares of the shipping service provider’s stock worth $13,349,000 after acquiring an additional 1,250 shares during the period. 74.01% of the stock is currently owned by institutional investors.
A number of analysts recently commented on FDX shares. Zacks Investment Research upgraded FedEx from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Goldman Sachs Group started coverage on FedEx in a report on Monday, November 13th. They set a “buy” rating and a $270.00 price target on the stock. Sanford C. Bernstein set a $212.00 price target on FedEx and gave the stock a “hold” rating in a report on Wednesday, November 15th. Barclays reiterated an “overweight” rating and set a $270.00 price target (up from $230.00) on shares of FedEx in a report on Thursday, November 30th. They noted that the move was a valuation call. Finally, Citigroup lifted their price target on FedEx to $275.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $272.69.
FedEx Co. (NYSE:FDX) opened at $244.19 on Tuesday. The firm has a market capitalization of $65,415.96, a price-to-earnings ratio of 19.87, a PEG ratio of 1.42 and a beta of 1.30. FedEx Co. has a 52-week low of $182.89 and a 52-week high of $274.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50.
FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.29. The company had revenue of $16.30 billion during the quarter, compared to analysts’ expectations of $15.67 billion. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.80 earnings per share. analysts anticipate that FedEx Co. will post 13.45 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, March 9th. FedEx’s dividend payout ratio (DPR) is presently 18.43%.
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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