Mutual of America Capital Management LLC Decreases Stock Holdings in FedEx Co. (NYSE:FDX)

Mutual of America Capital Management LLC cut its holdings in FedEx Co. (NYSE:FDX) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,502 shares of the shipping service provider’s stock after selling 1,163 shares during the quarter. Mutual of America Capital Management LLC’s holdings in FedEx were worth $8,862,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. US Bancorp DE raised its position in shares of FedEx by 0.8% during the 3rd quarter. US Bancorp DE now owns 115,634 shares of the shipping service provider’s stock valued at $31,647,000 after buying an additional 910 shares in the last quarter. Hills Bank & Trust Co increased its stake in FedEx by 121.2% during the third quarter. Hills Bank & Trust Co now owns 1,398 shares of the shipping service provider’s stock worth $383,000 after acquiring an additional 766 shares during the last quarter. Weatherly Asset Management L. P. raised its position in FedEx by 43.2% during the third quarter. Weatherly Asset Management L. P. now owns 11,111 shares of the shipping service provider’s stock valued at $3,055,000 after purchasing an additional 3,353 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of FedEx by 21.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,669 shares of the shipping service provider’s stock valued at $457,000 after purchasing an additional 298 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of FedEx by 3.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,639 shares of the shipping service provider’s stock worth $439,000 after purchasing an additional 51 shares during the period. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 1.8 %

NYSE FDX opened at $263.11 on Friday. FedEx Co. has a one year low of $242.92 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company has a market capitalization of $63.37 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. The company’s 50-day simple moving average is $268.78 and its two-hundred day simple moving average is $277.36.

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

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FDX. Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and decreased their price target for the company from $365.00 to $283.00 in a report on Monday, February 3rd. Bank of America increased their target price on shares of FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their price target on shares of FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. BMO Capital Markets increased their price objective on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, Stephens decreased their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $321.87.

Insider Activity at FedEx

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