FedEx Co. (NYSE:FDX) Holdings Boosted by Moody National Bank Trust Division

Moody National Bank Trust Division boosted its holdings in FedEx Co. (NYSE:FDX) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,134 shares of the shipping service provider’s stock after acquiring an additional 108 shares during the period. Moody National Bank Trust Division’s holdings in FedEx were worth $1,240,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of FedEx by 5.6% during the first quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock valued at $5,756,602,000 after buying an additional 1,056,061 shares during the last quarter. Capital International Investors raised its stake in FedEx by 32.5% during the 1st quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock valued at $2,558,718,000 after purchasing an additional 2,163,622 shares during the period. Sentry LLC acquired a new position in shares of FedEx in the fourth quarter worth $1,811,748,000. Putnam Investments LLC increased its stake in shares of FedEx by 38.1% in the fourth quarter. Putnam Investments LLC now owns 2,893,781 shares of the shipping service provider’s stock worth $732,040,000 after acquiring an additional 798,084 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of FedEx in the fourth quarter worth $700,291,000. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other FedEx news, CAO Guy M. Erwin II sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total value of $34,711.84. Following the transaction, the chief accounting officer now directly owns 930 shares of the company’s stock, valued at $278,293.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Brie Carere sold 1,958 shares of FedEx stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $310.43, for a total transaction of $607,821.94. Following the transaction, the executive vice president now directly owns 19,937 shares of the company’s stock, valued at $6,189,042.91. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Guy M. Erwin II sold 116 shares of FedEx stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $299.24, for a total transaction of $34,711.84. Following the transaction, the chief accounting officer now directly owns 930 shares in the company, valued at $278,293.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,944 shares of company stock valued at $9,882,355. 8.73% of the stock is currently owned by insiders.

FedEx Price Performance

Shares of FDX traded down $9.30 during mid-day trading on Monday, hitting $283.00. 2,683,986 shares of the company traded hands, compared to its average volume of 1,900,399. FedEx Co. has a one year low of $224.69 and a one year high of $313.84. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average of $277.79 and a 200 day moving average of $264.32. The stock has a market capitalization of $69.64 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.08 and a beta of 1.18.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.34 by $0.07. FedEx had a net margin of 4.94% and a return on equity of 16.70%. The firm had revenue of $22.11 billion for the quarter, compared to analysts’ expectations of $22.04 billion. During the same period last year, the firm earned $4.94 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities analysts expect that FedEx Co. will post 20.94 earnings per share for the current fiscal year.

FedEx Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, June 24th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from FedEx’s previous quarterly dividend of $1.26. This represents a $5.52 dividend on an annualized basis and a yield of 1.95%. FedEx’s dividend payout ratio (DPR) is presently 32.04%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of FedEx from $210.00 to $215.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 26th. Stephens reaffirmed an “overweight” rating and set a $325.00 price objective on shares of FedEx in a research report on Wednesday, June 26th. Evercore ISI cut their price objective on shares of FedEx from $351.00 to $318.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. StockNews.com raised shares of FedEx from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $327.00 price objective (up previously from $303.00) on shares of FedEx in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $314.00.

About FedEx

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.