Grantham Mayo Van Otterloo & Co. LLC Sells 1,091 Shares of FedEx Co. (NYSE:FDX)

Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in shares of FedEx Co. (NYSE:FDX) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,362 shares of the shipping service provider’s stock after selling 1,091 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in FedEx were worth $1,508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of FedEx in the 4th quarter valued at about $807,352,000. Raymond James Financial Inc. acquired a new position in shares of FedEx in the 4th quarter worth approximately $234,028,000. ACR Alpine Capital Research LLC boosted its stake in shares of FedEx by 62.9% in the 4th quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider’s stock valued at $239,909,000 after purchasing an additional 329,170 shares during the last quarter. Franklin Resources Inc. increased its position in shares of FedEx by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider’s stock worth $1,209,338,000 after buying an additional 323,115 shares during the period. Finally, Bryn Mawr Capital Management LLC raised its stake in FedEx by 22,317.0% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 322,580 shares of the shipping service provider’s stock worth $90,751,000 after buying an additional 321,141 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FDX shares. Loop Capital downgraded FedEx from a “hold” rating to a “sell” rating and decreased their price target for the stock from $283.00 to $221.00 in a report on Friday, March 21st. Jefferies Financial Group upgraded FedEx from a “hold” rating to a “buy” rating and lowered their target price for the stock from $300.00 to $275.00 in a report on Monday, March 24th. Oppenheimer restated a “market perform” rating on shares of FedEx in a report on Friday, March 21st. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, TD Cowen cut their target price on shares of FedEx from $337.00 to $310.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $302.71.

Insider Buying and Selling at FedEx

In other news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the transaction, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the sale, the director now owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

FedEx Stock Down 2.4 %

Shares of NYSE:FDX opened at $205.13 on Tuesday. The company has a market capitalization of $49.15 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. FedEx Co. has a 1 year low of $199.60 and a 1 year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The business has a fifty day moving average price of $250.91 and a two-hundred day moving average price of $268.08.

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

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Monday, March 10th. FedEx’s dividend payout ratio is currently 34.63%.

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.