FedEx Co. (NYSE:FDX) Shares Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC increased its stake in shares of FedEx Co. (NYSE:FDX) by 93.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,856 shares of the shipping service provider’s stock after purchasing an additional 1,379 shares during the period. Blueshift Asset Management LLC’s holdings in FedEx were worth $803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of FDX. Teacher Retirement System of Texas lifted its holdings in FedEx by 781.1% in the fourth quarter. Teacher Retirement System of Texas now owns 13,692 shares of the shipping service provider’s stock valued at $3,852,000 after acquiring an additional 12,138 shares during the period. Royal London Asset Management Ltd. lifted its holdings in FedEx by 1.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 92,236 shares of the shipping service provider’s stock valued at $25,949,000 after acquiring an additional 1,544 shares during the period. Kazazian Asset Management LLC acquired a new stake in FedEx in the fourth quarter valued at $957,000. GM Advisory Group LLC lifted its holdings in FedEx by 22.7% in the fourth quarter. GM Advisory Group LLC now owns 1,136 shares of the shipping service provider’s stock valued at $320,000 after acquiring an additional 210 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in FedEx in the fourth quarter valued at $194,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John W. Dietrich bought 1,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FDX shares. UBS Group lifted their price target on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Loop Capital downgraded FedEx from a “buy” rating to a “hold” rating and cut their price target for the stock from $365.00 to $283.00 in a research note on Monday, February 3rd. Stephens cut their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. TD Cowen lifted their price target on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $337.00 to $316.00 in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $317.48.

FedEx Stock Performance

FedEx stock opened at $247.46 on Thursday. The stock’s 50 day moving average price is $261.33 and its 200 day moving average price is $273.30. The firm has a market capitalization of $59.60 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a one year low of $239.50 and a one year high of $313.84.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $3.99 EPS. As a group, sell-side analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm 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 dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s payout ratio is 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.