Teachers Advisors LLC increased its position in FedEx Co. (NYSE:FDX) by 3.7% in the fourth quarter, Holdings Channel reports. The fund owned 742,352 shares of the shipping service provider’s stock after buying an additional 26,247 shares during the period. Teachers Advisors LLC’s holdings in FedEx were worth $185,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of FedEx during the 4th quarter valued at about $125,000. Krilogy Financial LLC raised its stake in shares of FedEx by 0.4% during the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after buying an additional 2 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of FedEx during the 4th quarter valued at about $144,000. Financial Engines Advisors L.L.C. purchased a new position in shares of FedEx during the 3rd quarter valued at about $132,000. Finally, Massey Quick Simon & CO. LLC purchased a new position in shares of FedEx during the 3rd quarter valued at about $136,000. Institutional investors own 74.65% of the company’s stock.
Shares of FedEx Co. (NYSE:FDX) opened at $248.00 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. FedEx Co. has a twelve month low of $182.89 and a twelve month high of $274.66. The stock has a market capitalization of $66,200.00, a PE ratio of 22.71, a P/E/G ratio of 1.44 and a beta of 1.32.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 12th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, March 9th. FedEx’s dividend payout ratio (DPR) is 18.38%.
In other FedEx news, EVP Robert B. Carter sold 3,970 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $250.73, for a total value of $995,398.10. Following the transaction, the executive vice president now directly owns 187,025 shares of the company’s stock, valued at approximately $46,892,778.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David P. Steiner sold 3,016 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $266.05, for a total transaction of $802,406.80. Following the completion of the transaction, the director now directly owns 16,040 shares in the company, valued at $4,267,442. The disclosure for this sale can be found here. Insiders sold a total of 53,541 shares of company stock worth $13,692,142 over the last three months. Corporate insiders own 8.45% of the company’s stock.
A number of equities analysts have weighed in on FDX shares. Stephens set a $306.00 price objective on FedEx and gave the company a “buy” rating in a research note on Wednesday, December 20th. Goldman Sachs Group started coverage on FedEx in a research note on Monday, November 13th. They set a “buy” rating and a $270.00 price objective for the company. Robert W. Baird reiterated a “buy” rating and set a $280.00 price objective on shares of FedEx in a research note on Tuesday, January 9th. Citigroup reiterated a “buy” rating and set a $280.00 price objective on shares of FedEx in a research note on Wednesday, December 20th. Finally, Zacks Investment Research upgraded FedEx from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. FedEx has a consensus rating of “Buy” and a consensus price target of $275.04.
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FedEx Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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