Mn Services Vermogensbeheer B.V. Raises Stock Position in FedEx Co. (NYSE:FDX)

Mn Services Vermogensbeheer B.V. grew its position in shares of FedEx Co. (NYSE:FDX) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 93,300 shares of the shipping service provider’s stock after purchasing an additional 1,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in FedEx were worth $26,248,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after buying an additional 52 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after buying an additional 40 shares in the last quarter. Peoples Financial Services CORP. purchased a new position in shares of FedEx during the fourth quarter valued at approximately $28,000. City Holding Co. purchased a new stake in FedEx during the 4th quarter valued at $28,000. Finally, Kentucky Trust Co bought a new position in FedEx in the fourth quarter valued at about $28,000. Institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

FDX has been the topic of several recent research reports. Loop Capital downgraded shares of FedEx from a “buy” rating to a “hold” rating and decreased their price target for the stock from $365.00 to $283.00 in a research report on Monday, February 3rd. Stifel Nicolaus dropped their price target on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Piper Sandler lowered FedEx to a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company boosted their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $337.00 to $316.00 in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $321.87.

Insider Transactions at FedEx

In other news, EVP John W. Dietrich purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was acquired at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This represents a 12.40 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Amy B. Lane acquired 333 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

FedEx Stock Up 1.0 %

Shares of NYSE FDX opened at $258.62 on Friday. FedEx Co. has a 52-week low of $239.07 and a 52-week high of $313.84. The firm has a market capitalization of $62.29 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 1.11 and a beta of 1.18. The stock has a 50 day moving average price of $269.04 and a 200 day moving average price of $277.52. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. The business had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.99 EPS. Sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.13%. FedEx’s dividend payout ratio is currently 35.18%.

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.