FedEx Co. (NYSE:FDX) Shares Bought by Candriam S.C.A.

Candriam S.C.A. grew its position in shares of FedEx Co. (NYSE:FDX) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,033 shares of the shipping service provider’s stock after acquiring an additional 709 shares during the quarter. Candriam S.C.A.’s holdings in FedEx were worth $5,917,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC raised its stake 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 valued at $25,000 after purchasing an additional 52 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in FedEx in the 4th quarter worth approximately $28,000. City Holding Co. acquired a new stake in FedEx in the 4th quarter worth approximately $28,000. Kentucky Trust Co acquired a new stake in FedEx in the 4th quarter worth approximately $28,000. Finally, Activest Wealth Management acquired a new stake in FedEx in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Activity at FedEx

In related news, Director Amy B. Lane bought 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the transaction, the director now owns 333 shares in the company, valued at $91,927.98. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan C. Schwab sold 3,980 shares of the firm’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 transaction of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is owned by insiders.

FedEx Stock Performance

Shares of FDX opened at $253.80 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average price is $266.55 and its 200-day moving average price is $276.26. FedEx Co. has a 52 week low of $242.92 and a 52 week high of $313.84. The stock has a market cap of $61.13 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX) last posted 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 return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same period in the prior year, the business posted $3.99 EPS. FedEx’s revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is 35.18%.

Wall Street Analysts Forecast Growth

FDX has been the subject of several analyst reports. BMO Capital Markets boosted their target price on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Piper Sandler lowered FedEx to a “neutral” rating in a research note on Monday, February 3rd. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Barclays increased their target price on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, TD Cowen raised their price target on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $318.58.

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.