Tokio Marine Asset Management Co. Ltd. Has $1.42 Million Position in FedEx Co. (NYSE:FDX)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of FedEx Co. (NYSE:FDX) by 5.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,608 shares of the shipping service provider’s stock after purchasing an additional 301 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in FedEx were worth $1,419,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. KRS Capital Management LLC increased its position in FedEx by 4.1% during the 4th quarter. KRS Capital Management LLC now owns 1,041 shares of the shipping service provider’s stock valued at $263,000 after purchasing an additional 41 shares during the period. Zullo Investment Group Inc. increased its holdings in shares of FedEx by 0.7% during the fourth quarter. Zullo Investment Group Inc. now owns 5,721 shares of the shipping service provider’s stock valued at $1,447,000 after acquiring an additional 42 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in FedEx by 18.0% in the 4th quarter. Toth Financial Advisory Corp now owns 288 shares of the shipping service provider’s stock worth $73,000 after purchasing an additional 44 shares during the period. SVB Wealth LLC grew its holdings in shares of FedEx by 2.5% during the fourth quarter. SVB Wealth LLC now owns 1,801 shares of the shipping service provider’s stock worth $456,000 after buying an additional 44 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in FedEx by 42.5% in the third quarter. Venturi Wealth Management LLC now owns 151 shares of the shipping service provider’s stock valued at $40,000 after acquiring an additional 45 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FedEx

In other FedEx news, Director Susan C. Schwab sold 6,145 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $288.02, for a total transaction of $1,769,882.90. Following the sale, the director now directly owns 7,865 shares of the company’s stock, valued at $2,265,277.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other FedEx news, Director Susan C. Schwab sold 6,145 shares of FedEx stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $288.02, for a total value of $1,769,882.90. Following the sale, the director now directly owns 7,865 shares in the company, valued at approximately $2,265,277.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Guy M. Erwin II sold 2,749 shares of FedEx stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total transaction of $794,763.39. Following the completion of the transaction, the vice president now directly owns 486 shares of the company’s stock, valued at approximately $140,507.46. The disclosure for this sale can be found here. Insiders have sold a total of 136,668 shares of company stock valued at $37,758,773 in the last three months. 8.73% of the stock is currently owned by company insiders.

FedEx Stock Performance

Shares of FDX stock traded up $1.30 during mid-day trading on Friday, reaching $266.82. The stock had a trading volume of 79,539 shares, compared to its average volume of 2,016,745. The firm has a market cap of $65.66 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.26 and a beta of 1.21. FedEx Co. has a 1-year low of $213.80 and a 1-year high of $291.27. The business’s fifty day moving average is $261.61 and its 200-day moving average is $254.44. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.76.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 EPS for the quarter, beating the consensus estimate of $3.49 by $0.37. The firm had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.95 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.41 EPS. On average, research analysts forecast that FedEx Co. will post 17.67 earnings per share for the current year.

FedEx announced that its Board of Directors has initiated a share buyback program on Thursday, March 21st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the shipping service provider to buy up to 7.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $5.04 annualized dividend and a yield of 1.89%. FedEx’s payout ratio is 29.07%.

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of FedEx from $290.00 to $310.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Oppenheimer reissued a “market perform” rating on shares of FedEx in a report on Friday, March 22nd. StockNews.com cut shares of FedEx from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 11th. Stifel Nicolaus dropped their price target on FedEx from $306.00 to $303.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group raised their target price on shares of FedEx from $265.00 to $300.00 and gave the company a “hold” rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $301.33.

FedEx 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.