State of Alaska Department of Revenue Purchases 23,540 Shares of FedEx Co. (FDX)

State of Alaska Department of Revenue raised its position in FedEx Co. (NYSE:FDX) by 414.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,215 shares of the shipping service provider’s stock after acquiring an additional 23,540 shares during the quarter. State of Alaska Department of Revenue’s holdings in FedEx were worth $7,289,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FDX. Salem Investment Counselors Inc. grew its position in FedEx by 2.8% in the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after acquiring an additional 13 shares in the last quarter. Krilogy Financial LLC grew its position in FedEx by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after acquiring an additional 2 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in FedEx in the third quarter valued at approximately $132,000. Massey Quick Simon & CO. LLC acquired a new stake in FedEx in the third quarter valued at approximately $136,000. Finally, Carroll Financial Associates Inc. grew its position in FedEx by 61.1% in the third quarter. Carroll Financial Associates Inc. now owns 633 shares of the shipping service provider’s stock valued at $140,000 after acquiring an additional 240 shares in the last quarter. 75.69% of the stock is owned by institutional investors.

In related news, COO David J. Bronczek sold 46,555 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the transaction, the chief operating officer now directly owns 48,562 shares in the company, valued at $12,407,105.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Henry J. Maier sold 11,150 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $228.46, for a total value of $2,547,329.00. Following the transaction, the insider now owns 36,747 shares in the company, valued at $8,395,219.62. The disclosure for this sale can be found here. Insiders have sold 68,671 shares of company stock worth $17,137,160 over the last 90 days. 8.45% of the stock is currently owned by company insiders.

Several analysts have issued reports on FDX shares. Zacks Investment Research downgraded shares of FedEx from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Bank of America reaffirmed a “buy” rating and issued a $247.00 price objective (up previously from $240.00) on shares of FedEx in a research report on Friday, October 6th. Sanford C. Bernstein set a $236.00 price objective on shares of FedEx and gave the company a “hold” rating in a research report on Wednesday, December 20th. Loop Capital increased their target price on FedEx to $318.00 in a research note on Thursday, January 4th. Finally, UBS Group upgraded FedEx from a “neutral” rating to a “buy” rating and increased their target price for the company from $264.00 to $302.00 in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $270.49.

FedEx Co. (FDX) opened at $274.32 on Friday. FedEx Co. has a one year low of $182.89 and a one year high of $274.66. The stock has a market capitalization of $72,914.19, a price-to-earnings ratio of 25.28, a P/E/G ratio of 1.62 and a beta of 1.36. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.29. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The firm had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. During the same period last year, the business posted $2.80 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. analysts predict that FedEx Co. will post 13.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.73%. The ex-dividend date was Friday, December 8th. FedEx’s dividend payout ratio (DPR) is presently 18.43%.

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FedEx Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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