Czech National Bank Purchases 2,767 Shares of FedEx Co. (NYSE:FDX)

Czech National Bank boosted its stake in FedEx Co. (NYSE:FDX) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,909 shares of the shipping service provider’s stock after acquiring an additional 2,767 shares during the period. Czech National Bank’s holdings in FedEx were worth $12,564,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Fortis Group Advisors LLC grew its stake in FedEx by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Scarborough Advisors LLC purchased a new position in FedEx in the 4th quarter worth approximately $25,000. Central Valley Advisors LLC purchased a new position in FedEx in the 2nd quarter worth approximately $39,000. Security National Bank purchased a new position in FedEx in the 4th quarter worth approximately $44,000. Finally, Abound Wealth Management lifted its holdings in shares of FedEx by 175.9% in the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock worth $45,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

NYSE:FDX traded down $1.24 during mid-day trading on Friday, reaching $260.84. 1,638,679 shares of the stock were exchanged, compared to its average volume of 1,881,833. The business has a fifty day moving average price of $284.62 and a 200 day moving average price of $275.81. The firm has a market capitalization of $64.19 billion, a PE ratio of 15.13, a PEG ratio of 1.04 and a beta of 1.17. FedEx Co. has a 1-year low of $224.69 and a 1-year high of $313.84. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. During the same period last year, the business earned $4.55 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts expect that FedEx Co. will post 19.66 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Monday, September 9th. FedEx’s payout ratio is 32.04%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FDX. Loop Capital lowered their price target on shares of FedEx from $317.00 to $288.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Morgan Stanley downgraded shares of FedEx from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $215.00 to $200.00 in a research report on Friday, September 20th. Robert W. Baird reduced their target price on shares of FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. BMO Capital Markets reduced their target price on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating on the stock in a research report on Friday, September 20th. Finally, Evercore ISI cut their price objective on shares of FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $314.74.

Insider Buying and Selling at FedEx

In other FedEx news, EVP Brie Carere sold 1,958 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the transaction, the executive vice president now directly owns 19,937 shares in the company, valued at $6,189,042.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Sriram Krishnasamy sold 8,421 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total value of $2,611,688.94. Following the transaction, the chief executive officer now directly owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brie Carere sold 1,958 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the sale, the executive vice president now directly owns 19,937 shares of the company’s stock, valued at approximately $6,189,042.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,914 shares of company stock valued at $3,978,338. 8.73% of the stock is currently owned by company insiders.

FedEx Company 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.