FedEx Corporation $FDX Shares Purchased by Fieldview Capital Management LLC

Fieldview Capital Management LLC boosted its holdings in shares of FedEx Corporation (NYSE:FDX) by 94.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,879 shares of the shipping service provider’s stock after buying an additional 2,858 shares during the quarter. Fieldview Capital Management LLC’s holdings in FedEx were worth $1,698,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC acquired a new stake in FedEx during the 3rd quarter worth approximately $28,000. Ameriflex Group Inc. lifted its holdings in FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after buying an additional 63 shares in the last quarter. Ulland Investment Advisors LLC acquired a new stake in FedEx during the 4th quarter worth approximately $29,000. Tucker Asset Management LLC acquired a new stake in FedEx during the 4th quarter worth approximately $29,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in FedEx during the 4th quarter worth approximately $29,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FedEx

In related news, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the sale, the executive vice president directly owned 19,403 shares in the company, valued at $7,110,229.35. This trade represents a 51.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the sale, the executive vice president owned 10,953 shares in the company, valued at $4,029,499.17. This represents a 30.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,104 shares of company stock valued at $17,599,006 over the last quarter. 0.53% of the stock is owned by insiders.

FedEx Price Performance

Shares of FDX opened at $337.65 on Monday. FedEx Corporation has a twelve month low of $172.88 and a twelve month high of $342.81. The firm’s fifty day simple moving average is $371.84 and its 200-day simple moving average is $343.17. The firm has a market capitalization of $80.57 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.54 and a beta of 1.28. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share 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 business had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. During the same period last year, the business earned $4.51 EPS. The company’s revenue was up 8.3% on a year-over-year basis. Equities analysts forecast that FedEx Corporation will post 19.78 EPS for the current fiscal year.

FedEx Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, June 22nd. FedEx’s dividend payout ratio (DPR) is currently 30.87%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BNP Paribas Exane reduced their target price on shares of FedEx from $335.00 to $269.76 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd. TD Cowen increased their target price on shares of FedEx from $383.00 to $426.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Morgan Stanley increased their target price on shares of FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a report on Friday, March 20th. Wall Street Zen upgraded shares of FedEx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Finally, UBS Group assumed coverage on shares of FedEx in a report on Wednesday, May 27th. They set a “buy” rating and a $445.00 target price on the stock. Eighteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $371.45.

FedEx Profile

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.