Achmea Investment Management B.V. Buys 4,726 Shares of FedEx Co. (NYSE:FDX)

Achmea Investment Management B.V. lifted its holdings in shares of FedEx Co. (NYSE:FDXGet Rating) by 36.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 17,591 shares of the shipping service provider’s stock after acquiring an additional 4,726 shares during the quarter. Achmea Investment Management B.V.’s holdings in FedEx were worth $4,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of FedEx by 53.2% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 66,692 shares of the shipping service provider’s stock valued at $15,432,000 after buying an additional 23,157 shares in the last quarter. Graypoint LLC lifted its stake in shares of FedEx by 16.0% during the 1st quarter. Graypoint LLC now owns 1,897 shares of the shipping service provider’s stock valued at $439,000 after buying an additional 261 shares in the last quarter. NN Investment Partners Holdings N.V. lifted its stake in shares of FedEx by 15.2% during the 1st quarter. NN Investment Partners Holdings N.V. now owns 54,607 shares of the shipping service provider’s stock valued at $12,635,000 after buying an additional 7,192 shares in the last quarter. Value Partners Investments Inc. lifted its stake in shares of FedEx by 21.5% during the 1st quarter. Value Partners Investments Inc. now owns 306,203 shares of the shipping service provider’s stock valued at $70,826,000 after buying an additional 54,116 shares in the last quarter. Finally, Veriti Management LLC lifted its stake in shares of FedEx by 22.5% during the 1st quarter. Veriti Management LLC now owns 3,343 shares of the shipping service provider’s stock valued at $774,000 after buying an additional 614 shares in the last quarter. 71.62% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Amy B. Lane purchased 607 shares of the business’s stock in a transaction on Thursday, June 30th. The shares were acquired at an average price of $228.12 per share, with a total value of $138,468.84. Following the acquisition, the director now directly owns 686 shares in the company, valued at $156,490.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Amy B. Lane purchased 607 shares of the business’s stock in a transaction on Thursday, June 30th. The shares were acquired at an average price of $228.12 per share, with a total value of $138,468.84. Following the acquisition, the director now directly owns 686 shares in the company, valued at $156,490.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Brie Carere sold 11,235 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $228.85, for a total transaction of $2,571,129.75. Following the completion of the sale, the executive vice president now directly owns 16,366 shares in the company, valued at approximately $3,745,359.10. The disclosure for this sale can be found here. Insiders have sold a total of 48,810 shares of company stock valued at $11,199,898 in the last quarter. Insiders own 8.62% of the company’s stock.

FedEx Price Performance

FDX stock opened at $209.07 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.38 and a current ratio of 1.43. FedEx Co. has a 52 week low of $192.82 and a 52 week high of $266.79. The firm’s fifty day moving average is $224.20 and its 200 day moving average is $218.75. The firm has a market cap of $54.34 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.75 and a beta of 1.21.

FedEx (NYSE:FDXGet Rating) last released its earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 EPS for the quarter, missing the consensus estimate of $6.91 by ($0.04). FedEx had a net margin of 4.09% and a return on equity of 22.29%. The business had revenue of $24.39 billion for the quarter, compared to the consensus estimate of $24.28 billion. During the same period in the prior year, the business posted $5.01 EPS. Research analysts predict that FedEx Co. will post 23.16 earnings per share for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 2nd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, September 1st. FedEx’s dividend payout ratio (DPR) is presently 32.17%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FDX. KeyCorp increased their target price on shares of FedEx from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Thursday, June 30th. StockNews.com cut shares of FedEx from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 21st. Citigroup cut shares of FedEx from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $270.00 to $225.00 in a research note on Tuesday, September 6th. The Goldman Sachs Group lowered their target price on shares of FedEx from $331.00 to $291.00 and set a “buy” rating on the stock in a research note on Tuesday, June 7th. Finally, Loop Capital increased their target price on shares of FedEx from $328.00 to $339.00 and gave the stock a “buy” rating in a research note on Monday, June 27th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.35.

About FedEx

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FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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