FedEx Co. (NYSE:FDX) Stock Position Lifted by Natixis Advisors LLC

Natixis Advisors LLC grew its position in shares of FedEx Co. (NYSE:FDX) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,971 shares of the shipping service provider’s stock after buying an additional 2,969 shares during the period. Natixis Advisors LLC’s holdings in FedEx were worth $45,005,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its holdings in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares during the last quarter. Peoples Financial Services CORP. acquired a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. City Holding Co. acquired a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. Kentucky Trust Co acquired a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. Finally, Activest Wealth Management acquired a new stake in shares of FedEx during the 4th quarter worth approximately $29,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

FDX opened at $242.27 on Monday. The firm has a market cap of $58.35 billion, a PE ratio of 15.44, a P/E/G ratio of 1.11 and a beta of 1.23. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $263.04 and a 200-day simple moving average of $274.21. FedEx Co. has a fifty-two week low of $239.50 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last released its quarterly earnings data 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 analyst estimates of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $3.99 EPS. As a group, equities analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.28%. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Insider Transactions at FedEx

In other FedEx news, Director Amy B. Lane bought 333 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was acquired at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the transaction, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John W. Dietrich bought 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of research reports. Truist Financial initiated coverage on FedEx in a research report on Thursday. They set a “buy” rating and a $305.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on FedEx from $372.00 to $323.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. TD Cowen increased their price target on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Loop Capital cut FedEx from a “buy” rating to a “hold” rating and lowered their target price for the company from $365.00 to $283.00 in a research report on Monday, February 3rd. Finally, Piper Sandler cut FedEx to a “neutral” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $318.04.

About FedEx

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.