FedEx Co. (NYSE:FDX) Shares Purchased by Csenge Advisory Group


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Csenge Advisory Group grew its position in FedEx Co. (NYSE:FDX) by 97.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,357 shares of the shipping service provider’s stock after acquiring an additional 1,656 shares during the quarter. Csenge Advisory Group’s holdings in FedEx were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in FedEx by 9.5% during the 4th quarter. BlackRock Inc. now owns 18,112,791 shares of the shipping service provider’s stock worth $4,702,442,000 after purchasing an additional 1,570,609 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in FedEx by 4.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,127,584 shares of the shipping service provider’s stock worth $2,629,323,000 after acquiring an additional 435,381 shares during the period. FMR LLC raised its stake in shares of FedEx by 5.9% in the 4th quarter. FMR LLC now owns 5,473,734 shares of the shipping service provider’s stock worth $1,421,090,000 after buying an additional 303,415 shares in the last quarter. Norges Bank bought a new stake in shares of FedEx in the 4th quarter worth $523,326,000. Finally, Morgan Stanley raised its stake in shares of FedEx by 9.0% in the 4th quarter. Morgan Stanley now owns 1,697,065 shares of the shipping service provider’s stock worth $440,593,000 after buying an additional 139,651 shares in the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on FDX. UBS Group reaffirmed a “buy” rating and set a $383.00 target price on shares of FedEx in a research report on Friday, March 19th. Sanford C. Bernstein set a $324.00 target price on FedEx and gave the company a “buy” rating in a research note on Wednesday, February 24th. KeyCorp upgraded FedEx from a “sector weight” rating to an “overweight” rating and set a $350.00 price target for the company in a research note on Monday, April 19th. Wolfe Research raised FedEx from a “peer perform” rating to an “outperform” rating in a research report on Monday. Finally, Raymond James increased their target price on FedEx from $305.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, March 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $315.56.

In related news, EVP Jill Brannon sold 1,101 shares of the firm’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $303.00, for a total value of $333,603.00. Following the completion of the transaction, the executive vice president now owns 5,511 shares in the company, valued at approximately $1,669,833. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Donald F. Colleran sold 17,150 shares of FedEx stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $300.52, for a total value of $5,153,918.00. Following the transaction, the chief executive officer now owns 56,204 shares of the company’s stock, valued at approximately $16,890,426.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,251 shares of company stock worth $38,573,231. Company insiders own 8.49% of the company’s stock.

FDX stock opened at $304.55 on Tuesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.76 and a quick ratio of 1.71. FedEx Co. has a 1-year low of $103.40 and a 1-year high of $305.66. The stock has a market capitalization of $80.81 billion, a P/E ratio of 33.14, a P/E/G ratio of 1.22 and a beta of 1.30. The business has a fifty day moving average price of $281.13 and a 200-day moving average price of $270.28.

FedEx (NYSE:FDX) last released its quarterly earnings results on Wednesday, March 17th. The shipping service provider reported $3.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.21 by $0.26. The business had revenue of $21.51 billion during the quarter, compared to analyst estimates of $19.90 billion. FedEx had a return on equity of 18.65% and a net margin of 3.28%. FedEx’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 earnings per share. As a group, analysts anticipate that FedEx Co. will post 17.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Monday, March 8th were given a dividend of $0.65 per share. The ex-dividend date was Friday, March 5th. This represents a $2.60 dividend on an annualized basis and a yield of 0.85%. FedEx’s dividend payout ratio (DPR) is presently 27.37%.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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