Capital International Ltd. CA Purchases 427 Shares of FedEx Co. (NYSE:FDX)

Capital International Ltd. CA lifted its position in FedEx Co. (NYSE:FDX) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,974 shares of the shipping service provider’s stock after buying an additional 427 shares during the period. Capital International Ltd. CA’s holdings in FedEx were worth $8,151,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cadence Bank boosted its stake in FedEx by 1.4% during the 4th quarter. Cadence Bank now owns 32,279 shares of the shipping service provider’s stock valued at $9,081,000 after purchasing an additional 459 shares during the last quarter. Capital International Sarl lifted its holdings in shares of FedEx by 2.1% during the fourth quarter. Capital International Sarl now owns 62,114 shares of the shipping service provider’s stock valued at $17,475,000 after purchasing an additional 1,248 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of FedEx by 2.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 226,115 shares of the shipping service provider’s stock valued at $63,628,000 after buying an additional 4,447 shares during the last quarter. Ally Financial Inc. increased its holdings in FedEx by 150.0% in the 4th quarter. Ally Financial Inc. now owns 10,000 shares of the shipping service provider’s stock worth $2,813,000 after buying an additional 6,000 shares in the last quarter. Finally, First Commonwealth Financial Corp PA raised its position in FedEx by 3.2% in the 4th quarter. First Commonwealth Financial Corp PA now owns 3,466 shares of the shipping service provider’s stock worth $975,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Activity at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the business’s stock in a transaction 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 sale, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. The trade was a 20.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.87% of the stock is currently owned by corporate insiders.

FedEx Price Performance

Shares of FedEx stock opened at $207.45 on Friday. The company has a market capitalization of $49.71 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.11 and a beta of 1.24. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock’s 50-day simple moving average is $240.13 and its 200-day simple moving average is $264.06. FedEx Co. has a 52 week low of $194.30 and a 52 week high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings results 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). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22.16 billion during the quarter, compared to analysts’ expectations of $21.96 billion. During the same period in the prior year, the firm posted $3.86 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.66%. FedEx’s dividend payout ratio is 34.63%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of FedEx from $275.00 to $260.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. TD Cowen cut their target price on shares of FedEx from $337.00 to $310.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Stifel Nicolaus lowered their price target on FedEx from $364.00 to $354.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Stephens cut their price objective on FedEx from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. lowered their target price on FedEx from $323.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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.