O Shaughnessy Asset Management LLC Buys 2,340 Shares of FedEx Co. (NYSE:FDX)

O Shaughnessy Asset Management LLC lifted its stake in shares of FedEx Co. (NYSE:FDX) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,507 shares of the shipping service provider’s stock after acquiring an additional 2,340 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in FedEx were worth $11,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of FedEx by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider’s stock valued at $5,682,727,000 after purchasing an additional 56,236 shares during the period. Geode Capital Management LLC lifted its stake in FedEx by 1.5% in the third quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider’s stock valued at $1,281,335,000 after buying an additional 67,502 shares during the period. Franklin Resources Inc. boosted its holdings in shares of FedEx by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock worth $1,042,050,000 after buying an additional 314,380 shares in the last quarter. Norges Bank acquired a new stake in shares of FedEx during the 4th quarter worth approximately $807,352,000. Finally, Mawer Investment Management Ltd. increased its stake in shares of FedEx by 5.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,361,808 shares of the shipping service provider’s stock valued at $664,447,000 after acquiring an additional 130,044 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Up 1.0 %

Shares of FDX stock opened at $244.07 on Tuesday. 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 firm has a market cap of $58.48 billion, a P/E ratio of 15.56, a PEG ratio of 1.11 and a beta of 1.23. The company has a 50 day moving average of $255.97 and a 200-day moving average of $270.59. FedEx Co. has a 12-month low of $217.22 and a 12-month high of $313.84.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). The firm had revenue of $22.16 billion during the quarter, compared to analysts’ expectations of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $3.86 EPS. Sell-side analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is presently 34.63%.

Insider Activity at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John W. Dietrich bought 1,000 shares of the stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the purchase, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 12,711 shares of company stock worth $3,312,693. Corporate insiders own 8.87% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of FedEx from $323.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Wells Fargo & Company reduced their price objective on FedEx from $275.00 to $260.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Bank of America decreased their price target on shares of FedEx from $295.00 to $272.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Loop Capital lowered shares of FedEx from a “hold” rating to a “sell” rating and dropped their price objective for the company from $283.00 to $221.00 in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $302.71.

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.