Wynn Capital LLC Invests $1.77 Million in FedEx Co. (NYSE:FDX)

Wynn Capital LLC bought a new position in shares of FedEx Co. (NYSE:FDX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 7,014 shares of the shipping service provider’s stock, valued at approximately $1,774,000. FedEx accounts for 1.4% of Wynn Capital LLC’s investment portfolio, making the stock its 20th biggest position.

Other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. raised its position in shares of 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 acquiring an additional 63 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of FedEx in the fourth quarter worth $30,000. Tennessee Valley Asset Management Partners bought a new position in shares of FedEx in the fourth quarter worth $31,000. Planned Solutions Inc. acquired a new stake in shares of FedEx in the fourth quarter valued at $32,000. Finally, Valley National Advisers Inc. lifted its holdings in shares of FedEx by 123.3% in the fourth quarter. Valley National Advisers Inc. now owns 134 shares of the shipping service provider’s stock valued at $33,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FDX shares. BNP Paribas reissued an “underperform” rating and issued a $250.00 price objective on shares of FedEx in a research note on Wednesday, March 27th. UBS Group raised their price objective on FedEx from $323.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Morgan Stanley raised their target price on FedEx from $195.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. The Goldman Sachs Group raised their price target on FedEx from $291.00 to $324.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, Oppenheimer reissued a “market perform” rating on shares of FedEx 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 MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $301.33.

Insider Buying and Selling at FedEx

In other news, VP Guy M. Erwin II sold 2,749 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total value of $794,763.39. Following the sale, the vice president now owns 486 shares in the company, valued at $140,507.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FedEx news, Chairman Frederick W. Smith sold 113,400 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the transaction, the chairman now directly owns 14,505,844 shares of the company’s stock, valued at $3,978,953,009.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Guy M. Erwin II sold 2,749 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total transaction of $794,763.39. Following the completion of the sale, the vice president now owns 486 shares of the company’s stock, valued at $140,507.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,668 shares of company stock worth $37,758,773. 8.73% of the stock is owned by corporate insiders.

FedEx Price Performance

Shares of FedEx stock traded down $5.65 during trading hours on Wednesday, reaching $266.10. The company’s stock had a trading volume of 1,695,666 shares, compared to its average volume of 2,056,297. The firm has a 50 day moving average price of $260.44 and a 200-day moving average price of $254.28. FedEx Co. has a one year low of $213.80 and a one year high of $291.27. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.26. The stock has a market cap of $65.48 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.27 and a beta of 1.21.

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

FedEx Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, March 8th. This represents a $5.04 annualized dividend and a dividend yield of 1.89%. FedEx’s dividend payout ratio (DPR) is presently 29.07%.

FedEx announced that its board has initiated a stock buyback program on Thursday, March 21st that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the shipping service provider to purchase up to 7.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.