Czech National Bank Acquires 2,119 Shares of FedEx Corporation $FDX

Czech National Bank grew its holdings in FedEx Corporation (NYSE:FDX) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 57,240 shares of the shipping service provider’s stock after buying an additional 2,119 shares during the quarter. Czech National Bank’s holdings in FedEx were worth $16,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Grey Fox Wealth Advisors LLC acquired a new position in FedEx during the 3rd quarter worth about $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in FedEx in the 2nd quarter valued at about $28,000. Wealth Watch Advisors INC bought a new position in shares of FedEx in the third quarter worth about $28,000. Ameriflex Group Inc. raised its stake in shares of FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after acquiring an additional 63 shares during the last quarter. Finally, Ulland Investment Advisors LLC acquired a new position in shares of FedEx during the fourth quarter worth approximately $29,000. 84.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FDX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $479.00 price target on shares of FedEx in a research note on Friday, February 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $457.00 price objective on shares of FedEx in a report on Friday, March 6th. Stephens increased their price objective on FedEx from $405.00 to $435.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. Wall Street Zen cut FedEx from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Morgan Stanley boosted their target price on FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $393.85.

FedEx Trading Down 2.2%

FDX opened at $349.83 on Friday. The firm has a 50 day simple moving average of $354.70 and a 200 day simple moving average of $294.44. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $392.86. The company has a market cap of $83.47 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The firm had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. During the same period last year, the firm earned $4.51 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, sell-side analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be given a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, March 9th. FedEx’s dividend payout ratio (DPR) is currently 30.87%.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.