Retirement Systems of Alabama Sells 236 Shares of FedEx Co. (NYSE:FDX)

Retirement Systems of Alabama reduced its position in FedEx Co. (NYSE:FDXFree Report) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,320 shares of the shipping service provider’s stock after selling 236 shares during the period. Retirement Systems of Alabama’s holdings in FedEx were worth $13,861,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Archer Investment Corp lifted its stake in shares of FedEx by 0.7% in the second quarter. Archer Investment Corp now owns 5,417 shares of the shipping service provider’s stock valued at $1,343,000 after buying an additional 38 shares in the last quarter. Cascade Investment Advisors Inc. lifted its position in FedEx by 0.6% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 6,904 shares of the shipping service provider’s stock valued at $1,712,000 after acquiring an additional 40 shares in the last quarter. Massachusetts Wealth Management lifted its position in FedEx by 2.9% in the 2nd quarter. Massachusetts Wealth Management now owns 1,405 shares of the shipping service provider’s stock valued at $348,000 after acquiring an additional 40 shares in the last quarter. Camarda Financial Advisors LLC boosted its stake in FedEx by 0.6% during the 2nd quarter. Camarda Financial Advisors LLC now owns 6,419 shares of the shipping service provider’s stock valued at $1,591,000 after purchasing an additional 40 shares during the last quarter. Finally, M&R Capital Management Inc. increased its holdings in FedEx by 0.3% during the 3rd quarter. M&R Capital Management Inc. now owns 16,192 shares of the shipping service provider’s stock worth $4,289,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 73.61% of the company’s stock.

FedEx Stock Down 0.6 %

FDX opened at $251.55 on Monday. FedEx Co. has a 12 month low of $183.59 and a 12 month high of $285.53. The company has a market cap of $62.86 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $256.38 and a 200 day moving average of $256.07.

FedEx (NYSE:FDXGet Free Report) last posted its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.99 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.15). FedEx had a return on equity of 16.47% and a net margin of 4.87%. The company had revenue of $22.17 billion during the quarter, compared to the consensus estimate of $22.36 billion. During the same period in the previous year, the business earned $3.18 earnings per share. FedEx’s revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts expect that FedEx Co. will post 17.76 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th were given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, December 8th. FedEx’s dividend payout ratio is presently 29.86%.

Insider Transactions at FedEx

In other news, Director Amy B. Lane bought 200 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were acquired at an average price of $253.22 per share, with a total value of $50,644.00. Following the acquisition, the director now owns 3,304 shares of the company’s stock, valued at approximately $836,638.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other FedEx news, Director Amy B. Lane bought 200 shares of FedEx stock in a transaction that occurred on Tuesday, December 26th. The stock was acquired at an average cost of $253.22 per share, for a total transaction of $50,644.00. Following the completion of the transaction, the director now directly owns 3,304 shares in the company, valued at $836,638.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John W. Dietrich purchased 1,000 shares of the stock in a transaction on Thursday, December 28th. The stock was acquired at an average cost of $252.02 per share, for a total transaction of $252,020.00. Following the acquisition, the executive vice president now owns 4,745 shares in the company, valued at $1,195,834.90. The disclosure for this purchase can be found here. Insiders own 8.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Stephens decreased their price target on FedEx from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, December 20th. StockNews.com lowered shares of FedEx from a “strong-buy” rating to a “buy” rating in a research note on Friday. Melius raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Barclays reduced their price objective on shares of FedEx from $330.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, December 20th. Finally, Stifel Nicolaus lifted their target price on shares of FedEx from $282.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $289.93.

Get Our Latest Report on FedEx

FedEx Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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