FedEx Co. (NYSE:FDX) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in FedEx Co. (NYSE:FDX) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 439,047 shares of the shipping service provider’s stock after purchasing an additional 4,421 shares during the period. American Century Companies Inc.’s holdings in FedEx were worth $123,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FDX. Fortitude Family Office LLC boosted its stake in shares of FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after buying an additional 52 shares during the last quarter. Peoples Financial Services CORP. bought a new position in FedEx during the 4th quarter valued at $28,000. City Holding Co. acquired a new position in FedEx during the 4th quarter worth $28,000. Kentucky Trust Co bought a new stake in shares of FedEx in the 4th quarter worth about $28,000. Finally, Activest Wealth Management acquired a new stake in shares of FedEx in the 4th quarter valued at about $29,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on FDX. JPMorgan Chase & Co. lowered their price objective on FedEx from $323.00 to $280.00 and set an “overweight” rating for the company in a report on Friday. Raymond James lowered their price target on FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Friday. BMO Capital Markets reduced their price objective on FedEx from $330.00 to $275.00 and set a “market perform” rating on the stock in a research note on Friday. Wells Fargo & Company lowered their target price on shares of FedEx from $275.00 to $260.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of FedEx in a research report on Friday, March 7th. They issued a “buy” rating and a $337.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $301.67.

FedEx Stock Down 6.5 %

FedEx stock opened at $230.25 on Monday. FedEx Co. has a 52 week low of $217.22 and a 52 week high of $313.84. The stock has a market cap of $55.46 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.11 and a beta of 1.23. The company’s 50-day moving average price is $259.95 and its two-hundred day moving average price is $272.35. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted its quarterly earnings data 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 company had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.86 EPS. On average, analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.40%. FedEx’s dividend payout ratio (DPR) is 35.18%.

Insider Activity at FedEx

In other FedEx news, EVP John W. Dietrich acquired 1,000 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the transaction, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the sale, the chief executive officer now owns 111,886 shares in the company, valued at $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

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.