National Pension Service Has $151.21 Million Holdings in FedEx Co. (NYSE:FDX)

National Pension Service cut its holdings in FedEx Co. (NYSE:FDX) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 537,480 shares of the shipping service provider’s stock after selling 76,922 shares during the period. National Pension Service owned about 0.22% of FedEx worth $151,209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. bLong Financial LLC acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $391,000. Virtu Financial LLC acquired a new stake in shares of FedEx in the third quarter valued at approximately $3,405,000. Lodestone Wealth Management LLC acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $461,000. Wedmont Private Capital raised its holdings in shares of FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after purchasing an additional 91 shares during the last quarter. Finally, GFS Advisors LLC acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $26,855,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Down 0.2 %

Shares of FedEx stock opened at $256.09 on Thursday. The firm has a 50-day moving average of $269.38 and a 200-day moving average of $277.65. The stock has a market cap of $61.68 billion, a PE ratio of 16.32, a PEG ratio of 1.11 and a beta of 1.18. FedEx Co. has a 52-week low of $239.07 and a 52-week 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.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.99 earnings per share. As a group, sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent analyst reports. Sanford C. Bernstein downgraded shares of FedEx from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price on shares of FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Stephens lowered their target price on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. TD Cowen boosted their target price on shares of FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, BMO Capital Markets boosted their target price on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. One equities 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, FedEx presently has an average rating of “Moderate Buy” and an average target price of $321.87.

Insider Activity at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the transaction, the chief executive officer now owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 dated 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 transaction, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by insiders.

FedEx Company 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.