FedEx Co. (NYSE:FDX) Stock Position Increased by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its position in FedEx Co. (NYSE:FDX) by 12.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,148 shares of the shipping service provider’s stock after buying an additional 235 shares during the period. Lindbrook Capital LLC’s holdings in FedEx were worth $543,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. RB Capital Management LLC grew its holdings in shares of FedEx by 3.3% in the 1st quarter. RB Capital Management LLC now owns 1,951 shares of the shipping service provider’s stock worth $451,000 after acquiring an additional 63 shares during the last quarter. AMI Investment Management Inc. grew its holdings in shares of FedEx by 43.9% in the 1st quarter. AMI Investment Management Inc. now owns 15,385 shares of the shipping service provider’s stock worth $3,560,000 after acquiring an additional 4,693 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of FedEx by 101.5% in the 1st quarter. Moors & Cabot Inc. now owns 4,274 shares of the shipping service provider’s stock worth $989,000 after acquiring an additional 2,153 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of FedEx by 7.8% in the 1st quarter. Baird Financial Group Inc. now owns 148,735 shares of the shipping service provider’s stock worth $34,408,000 after acquiring an additional 10,731 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in shares of FedEx by 553.3% in the 1st quarter. Loomis Sayles & Co. L P now owns 392 shares of the shipping service provider’s stock worth $91,000 after acquiring an additional 332 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Insiders Place Their Bets

In other FedEx news, VP Guy M. Erwin II sold 2,749 shares of FedEx stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $289.11, for a total value of $794,763.39. Following the transaction, the vice president now directly owns 486 shares of the company’s stock, valued at approximately $140,507.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other FedEx news, VP Guy M. Erwin II sold 2,749 shares of FedEx stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $289.11, for a total value of $794,763.39. Following the transaction, the vice president now directly owns 486 shares of the company’s stock, valued at approximately $140,507.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Frederick W. Smith sold 113,400 shares of FedEx stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value of $31,105,620.00. Following the completion of the transaction, the chairman now directly owns 14,505,844 shares in the company, valued at $3,978,953,009.20. The disclosure for this sale can be found here. Insiders have sold a total of 136,668 shares of company stock valued at $37,758,773 in the last three months. Company insiders own 8.73% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the topic of a number of recent research reports. Evercore ISI lifted their target price on FedEx from $327.00 to $351.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. The Goldman Sachs Group raised their price objective on FedEx from $291.00 to $324.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. BNP Paribas restated an “underperform” rating and set a $250.00 price objective on shares of FedEx in a research report on Wednesday, March 27th. Jefferies Financial Group raised their price objective on FedEx from $265.00 to $300.00 and gave the stock a “hold” rating in a research report on Friday, March 22nd. Finally, Melius upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average price target of $301.33.

FedEx Stock Up 1.4 %

Shares of FDX stock opened at $266.99 on Monday. The stock’s 50 day simple moving average is $259.22 and its 200 day simple moving average is $254.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.26 and a current ratio of 1.31. FedEx Co. has a twelve month low of $213.80 and a twelve month high of $291.27. The company has a market capitalization of $65.70 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.26 and a beta of 1.21.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.37. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.95 billion. During the same period last year, the business earned $3.41 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. As a group, research analysts predict that FedEx Co. will post 17.67 EPS for the current year.

FedEx announced that its Board of Directors has authorized a stock buyback program on Thursday, March 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the shipping service provider to buy up to 7.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, March 8th. FedEx’s dividend payout ratio is currently 29.07%.

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.