South Dakota Investment Council Acquires 13,870 Shares of FedEx Co. (NYSE:FDX)

South Dakota Investment Council boosted its holdings in shares of FedEx Co. (NYSE:FDXGet Rating) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,973 shares of the shipping service provider’s stock after acquiring an additional 13,870 shares during the quarter. South Dakota Investment Council’s holdings in FedEx were worth $28,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS Asset Management Americas Inc. grew its holdings in FedEx by 5.7% during the third quarter. UBS Asset Management Americas Inc. now owns 1,362,916 shares of the shipping service provider’s stock valued at $298,874,000 after purchasing an additional 74,013 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in FedEx by 34.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,261,999 shares of the shipping service provider’s stock valued at $496,034,000 after purchasing an additional 583,900 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in FedEx by 240.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 37,096 shares of the shipping service provider’s stock valued at $8,135,000 after purchasing an additional 26,200 shares during the last quarter. Kovack Advisors Inc. grew its holdings in FedEx by 33.4% during the fourth quarter. Kovack Advisors Inc. now owns 4,657 shares of the shipping service provider’s stock valued at $1,205,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Carret Asset Management LLC grew its holdings in FedEx by 1.9% during the fourth quarter. Carret Asset Management LLC now owns 28,391 shares of the shipping service provider’s stock valued at $7,343,000 after purchasing an additional 531 shares during the last quarter. 77.76% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group set a $343.00 price objective on shares of FedEx in a research note on Monday, January 24th. Stephens lowered their price objective on shares of FedEx from $345.00 to $285.00 and set an “overweight” rating on the stock in a research note on Friday, March 18th. Barclays lowered their price objective on shares of FedEx from $345.00 to $320.00 in a research note on Friday, March 18th. StockNews.com upgraded shares of FedEx from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 22nd. Finally, Citigroup lowered their price objective on shares of FedEx from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, March 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FedEx has an average rating of “Buy” and an average target price of $299.55.

In other news, Director Paul S. Walsh sold 3,720 shares of the business’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $206.42, for a total transaction of $767,882.40. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at approximately $2,889,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.16% of the company’s stock.

Shares of NYSE FDX traded down $8.11 during midday trading on Friday, reaching $198.74. 2,338,641 shares of the company traded hands, compared to its average volume of 2,163,682. The stock’s 50-day simple moving average is $214.43 and its 200-day simple moving average is $233.94. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.35 and a current ratio of 1.39. FedEx Co. has a 12 month low of $196.15 and a 12 month high of $319.90. The firm has a market cap of $51.51 billion, a PE ratio of 10.43, a PEG ratio of 0.81 and a beta of 1.31.

FedEx (NYSE:FDXGet Rating) last released its quarterly earnings results on Thursday, March 17th. The shipping service provider reported $4.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.64 by ($0.05). FedEx had a net margin of 5.60% and a return on equity of 20.67%. The business had revenue of $23.64 billion during the quarter, compared to the consensus estimate of $23.33 billion. During the same period in the prior year, the firm earned $3.47 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that FedEx Co. will post 20.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Monday, March 7th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, March 4th. This represents a $3.00 annualized dividend and a yield of 1.51%. FedEx’s dividend payout ratio is currently 15.75%.

FedEx Company Profile (Get Rating)

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 e-commerce technology and e-commerce transportation solutions.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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