Teacher Retirement System of Texas Purchases 12,138 Shares of FedEx Co. (NYSE:FDX)

Teacher Retirement System of Texas raised its position in FedEx Co. (NYSE:FDX) by 781.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,692 shares of the shipping service provider’s stock after purchasing an additional 12,138 shares during the period. Teacher Retirement System of Texas’ holdings in FedEx were worth $3,852,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. bLong Financial LLC bought a new stake in FedEx during the fourth quarter valued at $391,000. Virtu Financial LLC acquired a new position in shares of FedEx in the 3rd quarter valued at about $3,405,000. Lodestone Wealth Management LLC bought a new stake in shares of FedEx during the 4th quarter valued at about $461,000. Wedmont Private Capital grew its stake in FedEx by 4.1% during the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after purchasing an additional 91 shares during the period. Finally, GFS Advisors LLC bought a new stake in FedEx in the fourth quarter worth approximately $26,855,000. 84.47% of the stock is owned by institutional investors.

FedEx Stock Up 5.2 %

FDX stock opened at $242.27 on Tuesday. The stock has a market cap of $58.35 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.11 and a beta of 1.23. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $259.31 and its two-hundred day simple moving average is $272.04. FedEx Co. has a 1-year low of $217.22 and a 1-year high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion during the quarter, compared to analysts’ expectations of $21.96 billion. During the same period last year, the firm posted $3.86 earnings per share. FedEx’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio is currently 34.63%.

Insider Buying and Selling at FedEx

In related news, EVP John W. Dietrich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were bought at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy B. Lane bought 333 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FDX. Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of FedEx from $323.00 to $280.00 and set an “overweight” rating for the company in a report on Friday. Stifel Nicolaus dropped their price objective on shares of FedEx from $364.00 to $354.00 and set a “buy” rating on the stock in a report on Friday. Loop Capital downgraded FedEx from a “hold” rating to a “sell” rating and reduced their target price for the company from $283.00 to $221.00 in a research note on Friday. Finally, Jefferies Financial Group raised FedEx from a “hold” rating to a “buy” rating and dropped their price target for the stock from $300.00 to $275.00 in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus target price of $300.60.

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.