Matthew 25 Management Corp Has $15.05 Million Stake in FedEx Co. (NYSE:FDX)

Matthew 25 Management Corp decreased its stake in FedEx Co. (NYSE:FDX) by 40.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,500 shares of the shipping service provider’s stock after selling 36,500 shares during the quarter. FedEx accounts for about 4.8% of Matthew 25 Management Corp’s portfolio, making the stock its 11th largest position. Matthew 25 Management Corp’s holdings in FedEx were worth $15,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FDX. Fortitude Family Office LLC raised its position in shares of FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares during the period. Evermay Wealth Management LLC raised its position in shares of FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares during the period. Peoples Financial Services CORP. acquired a new stake in shares of FedEx during the fourth quarter worth about $28,000. City Holding Co. acquired a new stake in shares of FedEx during the fourth quarter worth about $28,000. Finally, Kentucky Trust Co acquired a new stake in FedEx in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Activity at FedEx

In other FedEx news, Director Amy B. Lane bought 333 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John W. Dietrich bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the transaction, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.

FedEx Stock Performance

FDX opened at $253.97 on Friday. The business has a fifty day simple moving average of $270.75 and a 200 day simple moving average of $278.13. FedEx Co. has a 1 year low of $239.07 and a 1 year high of $313.84. The company has a market capitalization of $61.17 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. 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 (NYSE:FDX) last released 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. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same quarter in the previous year, the company posted $3.99 EPS. The business’s revenue was down .7% on a year-over-year basis. Research analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced 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 is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.17%. FedEx’s payout ratio is 35.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FDX shares. Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and dropped their target price for the company from $365.00 to $283.00 in a research report on Monday, February 3rd. Raymond James lowered FedEx from an “outperform” rating to a “market perform” rating in a research report on Monday, February 3rd. Bank of America lifted their target price on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company lifted their target price on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $321.87.

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.