B. Metzler seel. Sohn & Co. AG Has $7.17 Million Stock Holdings in FedEx Corporation $FDX

B. Metzler seel. Sohn & Co. AG lifted its position in shares of FedEx Corporation (NYSE:FDXFree Report) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,815 shares of the shipping service provider’s stock after purchasing an additional 1,996 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in FedEx were worth $7,168,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FDX. Vanguard Group Inc. boosted its holdings in shares of FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after buying an additional 2,741,723 shares during the period. Dodge & Cox boosted its holdings in shares of FedEx by 12.0% during the 3rd quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock worth $3,826,055,000 after buying an additional 1,742,666 shares during the period. Franklin Resources Inc. boosted its holdings in shares of FedEx by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock worth $1,135,411,000 after buying an additional 269,567 shares during the period. Invesco Ltd. boosted its holdings in shares of FedEx by 3.1% during the 3rd quarter. Invesco Ltd. now owns 3,618,898 shares of the shipping service provider’s stock worth $853,372,000 after buying an additional 108,426 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of FedEx by 169.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock worth $638,203,000 after buying an additional 1,718,278 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

Insider Buying and Selling at FedEx

In other FedEx news, EVP Kawal Preet sold 4,900 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the sale, the executive vice president owned 10,953 shares of the company’s stock, valued at $4,029,499.17. The trade was a 30.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Tracy B. Brightman sold 16,959 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the completion of the sale, the executive vice president directly owned 11,052 shares of the company’s stock, valued at $4,017,070.44. This represents a 60.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is currently owned by company insiders.

FedEx Stock Performance

NYSE FDX opened at $392.84 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $93.74 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.69 and a beta of 1.28. FedEx Corporation has a 12-month low of $204.33 and a 12-month high of $399.67. The firm has a 50-day moving average price of $369.61 and a two-hundred day moving average price of $313.64.

FedEx (NYSE:FDXGet Free Report) last posted its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The firm had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.51 EPS. Analysts anticipate that FedEx Corporation will post 19.72 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th were issued a $1.45 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.5%. FedEx’s payout ratio is currently 30.87%.

Wall Street Analyst Weigh In

FDX has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of FedEx from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Morgan Stanley lifted their target price on shares of FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a report on Friday, March 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of FedEx in a report on Thursday, April 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FedEx in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Eighteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $398.04.

Read Our Latest Stock Report on FedEx

About FedEx

(Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

See Also

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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