Nisa Investment Advisors LLC Purchases 31,129 Shares of FedEx Co. (NYSE:FDX)

Nisa Investment Advisors LLC raised its position in FedEx Co. (NYSE:FDX) by 35.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,156 shares of the shipping service provider’s stock after buying an additional 31,129 shares during the quarter. Nisa Investment Advisors LLC’s holdings in FedEx were worth $33,966,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC boosted its holdings in shares of FedEx by 49.0% in the 2nd quarter. AE Wealth Management LLC now owns 2,881 shares of the shipping service provider’s stock valued at $864,000 after purchasing an additional 948 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of FedEx by 6.2% during the 2nd quarter. ProShare Advisors LLC now owns 38,209 shares of the shipping service provider’s stock worth $11,457,000 after buying an additional 2,230 shares during the last quarter. Bank of Montreal Can boosted its stake in FedEx by 13.1% in the second quarter. Bank of Montreal Can now owns 313,851 shares of the shipping service provider’s stock valued at $94,130,000 after buying an additional 36,318 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in FedEx by 57.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,815 shares of the shipping service provider’s stock valued at $13,437,000 after acquiring an additional 16,382 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in FedEx during the second quarter worth about $2,956,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FedEx

In other FedEx news, EVP John W. Dietrich bought 1,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the acquisition, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FDX shares. Citigroup raised their price target on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. TD Cowen raised their target price on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. UBS Group upped their price target on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Barclays raised their price objective on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Loop Capital raised FedEx from a “hold” rating to a “buy” rating and upped their target price for the stock from $288.00 to $365.00 in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.61.

FedEx Trading Up 0.2 %

NYSE FDX opened at $275.72 on Wednesday. The stock has a market capitalization of $66.41 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.14 and a beta of 1.20. The business has a 50 day simple moving average of $283.19 and a 200 day simple moving average of $283.74. 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 Co. has a one year low of $234.45 and a one year high of $313.84.

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

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 2.00%. FedEx’s dividend payout ratio is currently 35.18%.

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.