National Pension Service Has $151.21 Million Stake in FedEx Co. (NYSE:FDX)

National Pension Service decreased its holdings in shares of FedEx Co. (NYSE:FDX) by 12.5% in the 4th quarter, Holdings Channel reports. The fund owned 537,480 shares of the shipping service provider’s stock after selling 76,922 shares during the period. National Pension Service’s holdings in FedEx were worth $151,209,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FDX. DMKC Advisory Services LLC acquired a new position in shares of FedEx in the fourth quarter valued at approximately $2,016,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of FedEx in the fourth quarter valued at approximately $672,000. Delta Financial Advisors LLC increased its stake in shares of FedEx by 0.9% in the fourth quarter. Delta Financial Advisors LLC now owns 7,235 shares of the shipping service provider’s stock valued at $2,035,000 after buying an additional 65 shares during the period. FourThought Financial Partners LLC acquired a new position in shares of FedEx in the fourth quarter valued at approximately $1,140,000. Finally, Processus Wealth & Capital Management LLC increased its stake in shares of FedEx by 1.5% in the fourth quarter. Processus Wealth & Capital Management LLC now owns 16,505 shares of the shipping service provider’s stock valued at $4,643,000 after buying an additional 240 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Activity at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, 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. 8.87% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FDX has been the subject of several recent research reports. TD Cowen upped their price objective on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Barclays upped their target price on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. BMO Capital Markets upped their target price on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $337.00 to $316.00 in a report on Tuesday, December 3rd. Finally, Bank of America upped their target price on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $321.87.

FedEx Price Performance

Shares of FDX opened at $256.09 on Thursday. FedEx Co. has a 12-month low of $239.07 and a 12-month high of $313.84. The business’s fifty day moving average is $269.38 and its 200 day moving average is $277.65. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market cap of $61.68 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.11 and a beta of 1.18.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same period last year, the business earned $3.99 EPS. FedEx’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 2.16%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s payout ratio is currently 35.18%.

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.