FedEx Co. (NYSE:FDX) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of FedEx Co. (NYSE:FDX) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 159,971 shares of the shipping service provider’s stock after purchasing an additional 2,969 shares during the quarter. Natixis Advisors LLC owned 0.07% of FedEx worth $45,005,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. bLong Financial LLC acquired a new position in FedEx during the fourth quarter worth $391,000. Virtu Financial LLC acquired a new position in FedEx during the third quarter worth $3,405,000. Lodestone Wealth Management LLC acquired a new position in FedEx during the fourth quarter worth $461,000. Wedmont Private Capital raised its holdings in FedEx by 4.1% during the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after purchasing an additional 91 shares during the last quarter. Finally, GFS Advisors LLC acquired a new position in FedEx during the fourth quarter worth $26,855,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen lifted their price objective on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Raymond James downgraded FedEx from an “outperform” rating to a “market perform” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on FedEx from $372.00 to $323.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Sanford C. Bernstein downgraded FedEx from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Finally, Piper Sandler downgraded FedEx to a “neutral” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $318.04.

Insider Transactions at FedEx

In other FedEx news, Director Amy B. Lane purchased 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John W. Dietrich purchased 1,000 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average cost of $273.98 per share, with a total value of $273,980.00. Following the acquisition, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at $2,484,176.66. The trade was a 12.40 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

FedEx Price Performance

Shares of NYSE FDX opened at $242.27 on Monday. FedEx Co. has a 1-year low of $239.50 and a 1-year high of $313.84. The business has a 50-day moving average of $263.04 and a 200-day moving average of $274.21. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The company has a market capitalization of $58.35 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the prior year, the business earned $3.99 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is 35.18%.

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.