Handelsbanken Fonder AB Purchases 1,411 Shares of FedEx Co. (NYSE:FDX)

Handelsbanken Fonder AB grew its holdings in FedEx Co. (NYSE:FDX) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,974 shares of the shipping service provider’s stock after purchasing an additional 1,411 shares during the quarter. Handelsbanken Fonder AB’s holdings in FedEx were worth $26,438,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FDX. Geode Capital Management LLC grew its holdings in FedEx by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider’s stock worth $1,281,335,000 after acquiring an additional 67,502 shares during the period. Franklin Resources Inc. boosted its position in shares of FedEx by 8.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock worth $1,042,050,000 after purchasing an additional 314,380 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of FedEx by 0.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider’s stock worth $465,031,000 after purchasing an additional 11,100 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of FedEx by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock worth $397,267,000 after purchasing an additional 13,093 shares during the period. Finally, Sentry LLC lifted its stake in FedEx by 0.4% in the fourth quarter. Sentry LLC now owns 1,217,117 shares of the shipping service provider’s stock valued at $342,412,000 after buying an additional 5,404 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of NYSE FDX opened at $268.49 on Friday. The stock has a market capitalization of $64.67 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. FedEx Co. has a 52 week low of $238.21 and a 52 week high of $313.84. The stock has a 50 day moving average price of $271.34 and a 200 day moving average price of $278.38. 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 released its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating 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 business had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same period last year, the business earned $3.99 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. Analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.06%. FedEx’s payout ratio is 35.18%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FDX shares. Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and decreased their target price for the stock from $365.00 to $283.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Raymond James increased their target price on shares of FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Barclays boosted their price target on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Citigroup raised their price objective on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus price target of $321.87.

Insider Activity at FedEx

In other FedEx news, Director Amy B. Lane purchased 333 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by company insiders.

FedEx 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.