7,916 Shares in FedEx Co. (NYSE:FDX) Acquired by HBK Investments L P

HBK Investments L P purchased a new position in shares of FedEx Co. (NYSE:FDX) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,916 shares of the shipping service provider’s stock, valued at approximately $1,809,000.

Other large investors have also recently made changes to their positions in the company. Lakewood Asset Management LLC purchased a new stake in FedEx in the 4th quarter valued at $26,000. Guardian Wealth Advisors LLC acquired a new position in shares of FedEx in the 1st quarter valued at $26,000. GW&K Investment Management LLC acquired a new position in shares of FedEx in the 1st quarter valued at $27,000. Horan Securities Inc. lifted its stake in shares of FedEx by 85.7% in the 1st quarter. Horan Securities Inc. now owns 130 shares of the shipping service provider’s stock valued at $30,000 after purchasing an additional 60 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of FedEx by 1,957.1% in the 1st quarter. Sound Income Strategies LLC now owns 144 shares of the shipping service provider’s stock valued at $33,000 after purchasing an additional 137 shares during the last quarter. 73.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Michael C. Lenz sold 5,745 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $261.88, for a total transaction of $1,504,500.60. Following the transaction, the executive vice president now owns 22,478 shares in the company, valued at approximately $5,886,538.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other FedEx news, EVP Robert B. Carter sold 19,270 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $246.00, for a total transaction of $4,740,420.00. Following the completion of the sale, the executive vice president now directly owns 58,875 shares of the company’s stock, valued at approximately $14,483,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael C. Lenz sold 5,745 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $261.88, for a total value of $1,504,500.60. Following the sale, the executive vice president now directly owns 22,478 shares of the company’s stock, valued at $5,886,538.64. The disclosure for this sale can be found here. Insiders have sold 35,816 shares of company stock worth $8,822,147 in the last quarter. 8.73% of the stock is owned by insiders.

FedEx Stock Down 0.6 %

Shares of FDX traded down $1.58 during mid-day trading on Friday, reaching $253.31. The company’s stock had a trading volume of 1,179,725 shares, compared to its average volume of 1,464,310. FedEx Co. has a 12-month low of $141.92 and a 12-month high of $270.95. The stock has a market cap of $63.71 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.23 and a beta of 1.36. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.33. The company’s 50 day moving average is $260.46 and its 200 day moving average is $236.33.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.85 by $0.09. The firm had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.55 billion. FedEx had a return on equity of 15.32% and a net margin of 4.41%. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $6.87 EPS. Equities analysts anticipate that FedEx Co. will post 17.33 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $5.04 dividend on an annualized basis and a yield of 1.99%. FedEx’s dividend payout ratio is presently 32.52%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Argus upped their price target on FedEx from $240.00 to $260.00 in a research note on Monday, June 26th. Morgan Stanley increased their target price on FedEx from $186.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday. Atlantic Securities initiated coverage on FedEx in a research note on Tuesday, June 6th. They set an “overweight” rating and a $265.00 target price on the stock. Stephens reissued an “overweight” rating and set a $290.00 target price on shares of FedEx in a research note on Friday, August 11th. Finally, Bank of America decreased their target price on FedEx from $295.00 to $290.00 in a research note on Wednesday, June 21st. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.07.

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.