Andra AP fonden Has $26.39 Million Stock Position in FedEx Co. (NYSE:FDX)

Andra AP fonden cut its position in FedEx Co. (NYSE:FDX) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,800 shares of the shipping service provider’s stock after selling 19,100 shares during the quarter. Andra AP fonden’s holdings in FedEx were worth $26,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Citizens Financial Group Inc. RI boosted its holdings in FedEx by 3.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider’s stock valued at $360,000 after purchasing an additional 38 shares during the period. Turtle Creek Wealth Advisors LLC increased its position in FedEx by 4.0% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,020 shares of the shipping service provider’s stock valued at $279,000 after acquiring an additional 39 shares in the last quarter. Harbour Investments Inc. increased its position in FedEx by 1.5% in the 3rd quarter. Harbour Investments Inc. now owns 2,661 shares of the shipping service provider’s stock valued at $728,000 after acquiring an additional 40 shares in the last quarter. Cetera Trust Company N.A grew its position in shares of FedEx by 0.5% during the 4th quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider’s stock worth $2,230,000 after buying an additional 40 shares during the period. Finally, Griffin Asset Management Inc. grew its position in shares of FedEx by 0.4% during the 4th quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider’s stock worth $2,916,000 after buying an additional 40 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Wells Fargo & Company decreased their price objective on shares of FedEx from $320.00 to $275.00 and set an “equal weight” rating for the company in a report on Thursday. Loop Capital cut shares of FedEx from a “buy” rating to a “hold” rating and decreased their price objective for the company from $365.00 to $283.00 in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on shares of FedEx from $372.00 to $323.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Citigroup lifted 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus price target of $317.78.

FedEx Price Performance

Shares of FDX opened at $249.67 on Friday. The company has a market cap of $60.13 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.11 and a beta of 1.23. FedEx Co. has a 1-year low of $242.92 and a 1-year high of $313.84. The company’s fifty day simple moving average is $267.08 and its 200 day simple moving average is $276.51. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the previous year, the company earned $3.99 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.21%. FedEx’s dividend payout ratio is 35.18%.

Insider Buying and Selling

In other news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the 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 directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their position. 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.