Mn Services Vermogensbeheer B.V. Raises Position in FedEx Co. (NYSE:FDX)

Mn Services Vermogensbeheer B.V. increased its stake in FedEx Co. (NYSE:FDX) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,300 shares of the shipping service provider’s stock after purchasing an additional 1,900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in FedEx were worth $26,248,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. bLong Financial LLC bought a new position in FedEx during the fourth quarter worth about $391,000. Virtu Financial LLC purchased a new stake in shares of FedEx during the 3rd quarter valued at approximately $3,405,000. Lodestone Wealth Management LLC bought a new position in FedEx in the 4th quarter worth approximately $461,000. Wedmont Private Capital grew its stake in FedEx by 4.1% in the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after buying an additional 91 shares in the last quarter. Finally, GFS Advisors LLC bought a new stake in FedEx during the 4th quarter valued at $26,855,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 1.0 %

Shares of NYSE FDX opened at $258.62 on Friday. The stock has a market capitalization of $62.29 billion, a P/E ratio of 16.48, a PEG ratio of 1.11 and a beta of 1.18. FedEx Co. has a one year low of $239.07 and a one year high of $313.84. The firm’s 50 day simple moving average is $269.04 and its two-hundred day simple moving average is $277.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

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

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio is presently 35.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BMO Capital Markets raised their price target on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. JPMorgan Chase & Co. raised their target price on FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Barclays lifted 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. Wells Fargo & Company increased their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Finally, StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.87.

Insider Buying and Selling

In other news, Director Amy B. Lane purchased 333 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was acquired at an average price of $276.06 per share, with a total value of $91,927.98. Following the transaction, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by corporate insiders.

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.