OMERS ADMINISTRATION Corp Acquires 1,627 Shares of FedEx Co. (NYSE:FDX)

OMERS ADMINISTRATION Corp increased its holdings in FedEx Co. (NYSE:FDX) by 19.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,870 shares of the shipping service provider’s stock after acquiring an additional 1,627 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in FedEx were worth $2,777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Transce3nd LLC bought a new stake in shares of FedEx during the 4th quarter valued at about $26,000. Peoples Financial Services CORP. bought a new stake in FedEx during the 4th quarter valued at approximately $28,000. City Holding Co. bought a new stake in FedEx during the 4th quarter valued at approximately $28,000. Kentucky Trust Co purchased a new position in shares of FedEx during the 4th quarter worth approximately $28,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of FedEx in the 4th quarter worth approximately $28,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 0.0%

FDX opened at $231.18 on Thursday. The stock has a market capitalization of $55.39 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.11 and a beta of 1.36. The firm has a 50 day moving average price of $223.52 and a 200-day moving average price of $257.28. FedEx Co. has a twelve month low of $194.30 and a twelve month high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share 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 analysts’ expectations of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.86 earnings per share. Equities research analysts forecast that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Monday, March 10th. FedEx’s dividend payout ratio is 34.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on FedEx in a research report on Friday, March 7th. They set a “buy” rating and a $337.00 price target on the stock. Barclays dropped their target price on shares of FedEx from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Oppenheimer reiterated a “market perform” rating on shares of FedEx in a research note on Friday, March 21st. Cfra Research raised shares of FedEx to a “hold” rating in a research report on Thursday, March 20th. Finally, Raymond James cut their price objective on shares of FedEx from $320.00 to $290.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $297.63.

Insiders Place Their Bets

In other news, COO John Alan Smith sold 6,155 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This represents a 20.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.87% of the company’s stock.

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.