Elo Mutual Pension Insurance Co Has $5.96 Million Stake in FedEx Co. (NYSE:FDX)

Elo Mutual Pension Insurance Co reduced its holdings in shares of FedEx Co. (NYSE:FDX) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,181 shares of the shipping service provider’s stock after selling 877 shares during the period. Elo Mutual Pension Insurance Co’s holdings in FedEx were worth $5,959,000 as of its most recent SEC filing.

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

FedEx Trading Up 0.2 %

NYSE FDX opened at $244.26 on Friday. The business’s fifty day moving average is $257.26 and its 200-day moving average is $271.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $58.83 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.11 and a beta of 1.23. FedEx Co. has a one year low of $217.22 and a one year high of $313.84.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the prior year, the firm posted $3.86 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio is currently 34.63%.

Insider Buying and Selling at FedEx

In other news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John W. Dietrich purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the purchase, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. This represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 12,711 shares of company stock worth $3,312,693 over the last ninety days. 8.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on FDX. Bank of America reduced their price target on shares of FedEx from $295.00 to $272.00 and set a “buy” rating for the company in a report on Friday, March 21st. Barclays decreased their target price on FedEx from $365.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, March 21st. Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, UBS Group lowered their target price on FedEx from $350.00 to $331.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.71.

FedEx 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.