Oliver Luxxe Assets LLC Boosts Stock Position in FedEx Co. (NYSE:FDX)

Oliver Luxxe Assets LLC increased its stake in shares of FedEx Co. (NYSE:FDX) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,617 shares of the shipping service provider’s stock after acquiring an additional 378 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in FedEx were worth $4,956,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. TD Asset Management Inc lifted its position in FedEx by 5.0% in the second quarter. TD Asset Management Inc now owns 90,147 shares of the shipping service provider’s stock valued at $27,030,000 after buying an additional 4,289 shares during the last quarter. Private Advisor Group LLC increased its holdings in FedEx by 5.6% in the 2nd quarter. Private Advisor Group LLC now owns 19,551 shares of the shipping service provider’s stock valued at $5,862,000 after purchasing an additional 1,042 shares during the last quarter. Candriam S.C.A. lifted its stake in FedEx by 0.3% during the second quarter. Candriam S.C.A. now owns 19,639 shares of the shipping service provider’s stock worth $5,888,000 after purchasing an additional 63 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of FedEx by 3.3% during the second quarter. Cullen Frost Bankers Inc. now owns 6,718 shares of the shipping service provider’s stock worth $2,014,000 after buying an additional 217 shares during the period. Finally, Stonebrook Private Inc. purchased a new stake in shares of FedEx in the 2nd quarter valued at $206,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Stock Performance

FDX traded down $0.61 on Monday, hitting $273.80. 1,060,158 shares of the company traded hands, compared to its average volume of 1,146,942. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The company has a 50 day moving average of $283.87 and a 200-day moving average of $284.23. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $65.95 billion, a PE ratio of 16.89, a PEG ratio of 1.17 and a beta of 1.20.

FedEx (NYSE:FDX) last issued its quarterly 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 firm had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company earned $3.99 earnings per share. Sell-side analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.02%. FedEx’s dividend payout ratio (DPR) is 35.18%.

Insider Buying and Selling

In other FedEx news, Director Amy B. Lane bought 333 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.87% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FDX shares. Susquehanna cut their price target on shares of FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. Morgan Stanley downgraded shares of FedEx from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $215.00 to $200.00 in a research note on Friday, September 20th. The Goldman Sachs Group reduced their price objective on FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Finally, Daiwa America downgraded FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $324.88.

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.