WINTON GROUP Ltd Acquires 1,728 Shares of FedEx Co. (NYSE:FDX)

WINTON GROUP Ltd grew its holdings in shares of FedEx Co. (NYSE:FDX) by 12.7% in the 4th quarter, HoldingsChannel reports. The firm owned 15,313 shares of the shipping service provider’s stock after acquiring an additional 1,728 shares during the quarter. WINTON GROUP Ltd’s holdings in FedEx were worth $4,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in FedEx by 144.4% during the fourth 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. purchased a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. City Holding Co. bought a new stake in shares of FedEx in the 4th quarter worth approximately $28,000. Kentucky Trust Co bought a new position in FedEx during the fourth quarter valued at $28,000. Finally, Activest Wealth Management purchased a new stake in FedEx in the fourth quarter worth $29,000. 84.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the sale, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares in the company, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on FedEx from $323.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, March 21st. Stifel Nicolaus cut their target price on shares of FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Citigroup dropped their price target on shares of FedEx from $347.00 to $317.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Piper Sandler lowered shares of FedEx to a “neutral” rating in a research note on Monday, February 3rd. Finally, Stephens dropped their target price on FedEx from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $300.60.

FedEx Price Performance

Shares of FedEx stock opened at $243.78 on Thursday. The firm has a market capitalization of $58.72 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12 month low of $217.22 and a 12 month high of $313.84. The business’s 50-day moving average price is $257.92 and its 200-day moving average price is $271.55.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.86 earnings per share. Sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.26%. FedEx’s payout ratio is 34.63%.

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.