Actinver Wealth Management Inc. Takes $489,000 Position in FedEx Co. (FDX)

Actinver Wealth Management Inc. acquired a new stake in shares of FedEx Co. (NYSE:FDX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,249 shares of the shipping service provider’s stock, valued at approximately $489,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its position in shares of FedEx by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 551,315 shares of the shipping service provider’s stock worth $132,752,000 after acquiring an additional 11,798 shares in the last quarter. Creative Planning raised its position in shares of FedEx by 16.0% in the 4th quarter. Creative Planning now owns 35,473 shares of the shipping service provider’s stock worth $5,723,000 after acquiring an additional 4,901 shares in the last quarter. Voit & Company LLC bought a new position in shares of FedEx in the 4th quarter worth about $2,175,000. Tower Bridge Advisors raised its position in shares of FedEx by 5.1% in the 4th quarter. Tower Bridge Advisors now owns 75,846 shares of the shipping service provider’s stock worth $12,236,000 after acquiring an additional 3,686 shares in the last quarter. Finally, Focused Investors LLC bought a new position in shares of FedEx in the 4th quarter worth about $66,774,000. 71.70% of the stock is currently owned by institutional investors.

In other news, CEO Frederick W. Smith sold 155,650 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,837,032,888.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John L. Merino sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $182.24, for a total value of $419,152.00. Following the completion of the transaction, the vice president now owns 30,185 shares in the company, valued at approximately $5,500,914.40. The disclosure for this sale can be found here. Insiders have sold a total of 187,950 shares of company stock valued at $35,170,622 over the last three months. Corporate insiders own 8.50% of the company’s stock.

Several research firms have recently weighed in on FDX. Berenberg Bank reissued a “buy” rating and issued a $245.00 price objective on shares of FedEx in a research report on Monday, January 7th. Cowen reaffirmed an “outperform” rating and issued a $237.00 target price (down from $242.00) on shares of FedEx in a research report on Thursday, March 14th. Wells Fargo & Co decreased their target price on FedEx from $285.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. Zacks Investment Research reaffirmed a “strong sell” rating on shares of FedEx in a research report on Monday, December 31st. Finally, BMO Capital Markets decreased their target price on FedEx to $215.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $214.19.

FDX traded up $0.09 during midday trading on Friday, reaching $198.15. 1,391,886 shares of the company were exchanged, compared to its average volume of 1,667,375. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.40 and a current ratio of 1.46. The firm has a market capitalization of $51.63 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.01 and a beta of 1.62. FedEx Co. has a one year low of $150.94 and a one year high of $266.67.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, March 19th. The shipping service provider reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.07). The company had revenue of $17.01 billion for the quarter, compared to the consensus estimate of $17.70 billion. FedEx had a return on equity of 22.67% and a net margin of 5.25%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.72 earnings per share. On average, equities analysts forecast that FedEx Co. will post 15.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, March 8th. FedEx’s dividend payout ratio is currently 16.98%.

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FedEx Company 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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