100 Shares in FedEx Co. (NYSE:FDX) Acquired by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of FedEx Co. (NYSE:FDX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100 shares of the shipping service provider’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. United Bank acquired a new position in FedEx during the 3rd quarter worth approximately $615,000. Janus Henderson Group PLC increased its holdings in shares of FedEx by 1.9% during the third quarter. Janus Henderson Group PLC now owns 26,612 shares of the shipping service provider’s stock worth $7,280,000 after buying an additional 500 shares in the last quarter. IHT Wealth Management LLC lifted its stake in shares of FedEx by 15.3% in the 3rd quarter. IHT Wealth Management LLC now owns 4,072 shares of the shipping service provider’s stock valued at $1,114,000 after acquiring an additional 539 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of FedEx during the 3rd quarter valued at $465,000. Finally, Redwood Investment Management LLC grew its position in FedEx by 4.0% during the 3rd quarter. Redwood Investment Management LLC now owns 4,903 shares of the shipping service provider’s stock worth $1,312,000 after acquiring an additional 190 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

FDX stock opened at $209.90 on Friday. FedEx Co. has a 1 year low of $203.90 and a 1 year high of $313.84. The stock has a market capitalization of $50.29 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The company’s 50-day moving average is $252.45 and its 200-day moving average is $268.95. 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 announced its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same period last year, the business posted $3.86 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, March 10th. FedEx’s dividend payout ratio (DPR) is 34.63%.

Analysts Set New Price Targets

FDX has been the topic of a number of recent research reports. Bank of America cut their price target on FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Barclays reduced their target price on shares of FedEx from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Jefferies Financial Group upgraded shares of FedEx from a “hold” rating to a “buy” rating and decreased their price target for the company from $300.00 to $275.00 in a research report on Monday, March 24th. Oppenheimer reiterated a “market perform” rating on shares of FedEx in a report on Friday, March 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on FedEx in a report on Friday, March 7th. They issued a “buy” rating and a $337.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $302.71.

Insider Buying and Selling at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John W. Dietrich bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were bought at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the transaction, the executive vice president now owns 9,067 shares of the company’s stock, valued at $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 12,711 shares of company stock valued at $3,312,693. Corporate insiders own 8.87% of the company’s stock.

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.