Ossiam Increases Stock Holdings in FedEx Co. (NYSE:FDX)

Ossiam increased its holdings in FedEx Co. (NYSE:FDX) by 1,743.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,142 shares of the shipping service provider’s stock after buying an additional 4,863 shares during the period. Ossiam’s holdings in FedEx were worth $1,447,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. bLong Financial LLC acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $391,000. Virtu Financial LLC purchased a new stake in FedEx in the 3rd quarter valued at approximately $3,405,000. Lodestone Wealth Management LLC acquired a new stake in FedEx during the 4th quarter valued at $461,000. Wedmont Private Capital increased its position in FedEx by 4.1% during the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after buying an additional 91 shares in the last quarter. Finally, GFS Advisors LLC acquired a new position in shares of FedEx in the fourth quarter worth $26,855,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.87% of the company’s stock.

FedEx Stock Performance

FedEx stock opened at $207.45 on Monday. The firm has a market capitalization of $49.71 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. FedEx Co. has a one year low of $194.30 and a one year high of $313.84. The stock’s 50 day moving average price is $239.05 and its 200 day moving average price is $263.62. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23.

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

FedEx Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on FDX shares. Jefferies Financial Group raised FedEx from a “hold” rating to a “buy” rating and decreased their price objective for the company from $300.00 to $275.00 in a research note on Monday, March 24th. Stifel Nicolaus decreased their price target on shares of FedEx from $364.00 to $354.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Bank of America lowered their target price on shares of FedEx from $295.00 to $272.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Oppenheimer reissued a “market perform” rating on shares of FedEx in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $300.63.

About FedEx

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.