Voya Financial Advisors Inc. raised its position in FedEx Co. (NYSE:FDX) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,253 shares of the shipping service provider’s stock after buying an additional 122 shares during the period. Voya Financial Advisors Inc.’s holdings in FedEx were worth $846,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Moody National Bank Trust Division boosted its stake in shares of FedEx by 1.7% in the fourth quarter. Moody National Bank Trust Division now owns 26,309 shares of the shipping service provider’s stock worth $6,831,000 after acquiring an additional 429 shares during the last quarter. Navis Wealth Advisors LLC purchased a new position in shares of FedEx during the 4th quarter worth $47,000. Laurel Wealth Advisors Inc. acquired a new stake in FedEx during the fourth quarter worth about $235,000. SkyView Investment Advisors LLC acquired a new position in FedEx in the 4th quarter valued at about $341,000. Finally, FormulaFolio Investments LLC lifted its holdings in FedEx by 1,700.1% in the fourth quarter. FormulaFolio Investments LLC now owns 28,369 shares of the shipping service provider’s stock valued at $7,365,000 after acquiring an additional 26,793 shares during the last quarter. Institutional investors own 72.74% of the company’s stock.
Shares of NYSE:FDX opened at $279.11 on Thursday. FedEx Co. has a fifty-two week low of $103.40 and a fifty-two week high of $305.66. The firm’s 50 day moving average price is $266.98 and its 200 day moving average price is $266.78. The company has a quick ratio of 1.71, a current ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a market cap of $74.06 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Monday, March 8th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, March 5th. FedEx’s dividend payout ratio (DPR) is 27.37%.
In related news, VP John L. Merino sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $273.30, for a total transaction of $2,733,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kim Jabal sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $256.89, for a total value of $770,670.00. Following the completion of the transaction, the director now directly owns 3,750 shares of the company’s stock, valued at $963,337.50. The disclosure for this sale can be found here. 8.49% of the stock is owned by insiders.
FDX has been the topic of several recent analyst reports. Argus upped their price target on FedEx from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, December 30th. Berenberg Bank set a $325.00 target price on shares of FedEx and gave the company a “buy” rating in a research report on Friday, March 19th. UBS Group reiterated a “buy” rating and set a $383.00 price target on shares of FedEx in a research report on Friday, March 19th. Credit Suisse Group decreased their price objective on shares of FedEx from $368.00 to $350.00 and set an “outperform” rating on the stock in a report on Thursday, March 18th. Finally, Zacks Investment Research upgraded shares of FedEx from a “hold” rating to a “strong-buy” rating and set a $286.00 target price for the company in a report on Tuesday, December 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $313.27.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. Its FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment offers business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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