FedEx Co. (NYSE:FDX) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its holdings in FedEx Co. (NYSE:FDX) by 118.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 991 shares of the shipping service provider’s stock after purchasing an additional 537 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in FedEx were worth $180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its stake in shares of FedEx by 15,104.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,063,136 shares of the shipping service provider’s stock worth $87,000 after purchasing an additional 13,970,642 shares in the last quarter. Norges Bank bought a new stake in shares of FedEx during the 4th quarter worth approximately $303,958,000. Artisan Partners Limited Partnership raised its stake in shares of FedEx by 40.7% during the 1st quarter. Artisan Partners Limited Partnership now owns 2,740,543 shares of the shipping service provider’s stock worth $497,162,000 after purchasing an additional 792,575 shares in the last quarter. LSV Asset Management raised its stake in shares of FedEx by 39.7% during the 1st quarter. LSV Asset Management now owns 1,986,887 shares of the shipping service provider’s stock worth $360,441,000 after purchasing an additional 564,452 shares in the last quarter. Finally, Lakewood Capital Management LP increased its holdings in shares of FedEx by 102.8% during the 4th quarter. Lakewood Capital Management LP now owns 943,200 shares of the shipping service provider’s stock worth $152,166,000 after acquiring an additional 478,000 shares during the last quarter. Hedge funds and other institutional investors own 69.45% of the company’s stock.

In other news, Director Susan C. Schwab sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $175.11, for a total transaction of $525,330.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick W. Smith sold 155,650 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $189.83, for a total value of $29,547,039.50. Following the transaction, the chief executive officer now owns 14,945,124 shares of the company’s stock, valued at $2,837,032,888.92. The disclosure for this sale can be found here. Insiders have sold 185,650 shares of company stock valued at $34,751,470 over the last 90 days. 8.50% of the stock is owned by corporate insiders.

FDX has been the topic of several analyst reports. TheStreet lowered FedEx from a “b-” rating to a “c+” rating in a report on Thursday, June 6th. Zacks Investment Research lowered FedEx from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Daiwa Capital Markets lowered FedEx from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $187.00 to $179.00 in a report on Thursday, March 21st. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered FedEx from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $227.00 to $202.00 in a report on Wednesday, March 20th. Finally, Morgan Stanley set a $148.00 target price on FedEx and gave the stock a “hold” rating in a report on Friday, May 17th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $202.43.

FedEx stock opened at $165.67 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.46 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $42.05 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.77 and a beta of 1.69. FedEx Co. has a 12 month low of $150.68 and a 12 month high of $264.99.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, March 19th. The shipping service provider reported $3.03 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.07). The firm had revenue of $17.01 billion during the quarter, compared to the consensus estimate of $17.70 billion. FedEx had a net margin of 5.25% and a return on equity of 22.67%. FedEx’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.72 earnings per share. On average, research analysts anticipate that FedEx Co. will post 15.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Monday, June 24th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.57%. FedEx’s dividend payout ratio (DPR) is 16.98%.

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FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides 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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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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