FedEx Co. (NYSE:FDX) Shares Purchased by Lincoln National Corp

Lincoln National Corp increased its holdings in shares of FedEx Co. (NYSE:FDXGet Rating) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,217 shares of the shipping service provider’s stock after purchasing an additional 321 shares during the period. Lincoln National Corp’s holdings in FedEx were worth $1,220,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Dodge & Cox lifted its stake in shares of FedEx by 0.6% in the 2nd quarter. Dodge & Cox now owns 17,426,647 shares of the shipping service provider’s stock worth $3,950,795,000 after acquiring an additional 98,022 shares during the period. Primecap Management Co. CA lifted its stake in shares of FedEx by 1.5% in the 2nd quarter. Primecap Management Co. CA now owns 13,433,592 shares of the shipping service provider’s stock worth $3,045,530,000 after acquiring an additional 196,115 shares during the period. FMR LLC lifted its stake in shares of FedEx by 15.6% in the 2nd quarter. FMR LLC now owns 4,100,112 shares of the shipping service provider’s stock worth $929,536,000 after acquiring an additional 554,395 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of FedEx by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,284,390 shares of the shipping service provider’s stock worth $297,196,000 after acquiring an additional 54,901 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of FedEx by 6.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,275,892 shares of the shipping service provider’s stock worth $295,227,000 after acquiring an additional 80,535 shares during the period. Institutional investors and hedge funds own 72.02% of the company’s stock.

FedEx Trading Down 1.0 %

FDX opened at $189.25 on Wednesday. The firm has a market capitalization of $47.77 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.17 and a beta of 1.31. The firm’s 50 day moving average is $178.60 and its 200-day moving average is $187.05. FedEx Co. has a 52-week low of $141.92 and a 52-week high of $256.49. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.83.

FedEx (NYSE:FDXGet Rating) last posted its quarterly earnings data on Tuesday, December 20th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.41. The company had revenue of $22.81 billion for the quarter, compared to analyst estimates of $23.66 billion. FedEx had a net margin of 3.54% and a return on equity of 19.17%. Analysts expect that FedEx Co. will post 13.6 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Monday, December 12th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, December 9th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.43%. FedEx’s dividend payout ratio (DPR) is presently 36.14%.

Insider Buying and Selling

In related news, Director Amy B. Lane purchased 280 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was acquired at an average price of $175.83 per share, for a total transaction of $49,232.40. Following the completion of the purchase, the director now owns 1,529 shares in the company, valued at $268,844.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FDX. Barclays set a $240.00 price target on shares of FedEx in a report on Monday, January 2nd. Morgan Stanley raised their target price on shares of FedEx from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Monday, January 9th. Credit Suisse Group set a $238.00 target price on shares of FedEx in a report on Wednesday, January 11th. JPMorgan Chase & Co. set a $179.00 target price on shares of FedEx in a report on Monday, January 2nd. Finally, UBS Group set a $215.00 target price on shares of FedEx in a report on Tuesday, January 3rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $205.52.

FedEx Profile

(Get Rating)

FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services under the FedEx brand. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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