Westwood Holdings Group Inc. Buys 33,049 Shares of FedEx Co. (FDX)

Westwood Holdings Group Inc. increased its stake in shares of FedEx Co. (NYSE:FDX) by 8.1% during the fourth quarter, Holdings Channel reports. The firm owned 439,740 shares of the shipping service provider’s stock after buying an additional 33,049 shares during the period. Westwood Holdings Group Inc. owned about 0.17% of FedEx worth $81,879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Chesley Taft & Associates LLC boosted its position in shares of FedEx by 1.9% in the third quarter. Chesley Taft & Associates LLC now owns 55,745 shares of the shipping service provider’s stock valued at $9,738,000 after buying an additional 1,025 shares during the period. Farmers Trust Co. boosted its stake in FedEx by 29.6% in the third quarter. Farmers Trust Co. now owns 18,181 shares of the shipping service provider’s stock worth $3,176,000 after buying an additional 4,149 shares during the last quarter. Pennsylvania Trust Co boosted its stake in FedEx by 9.6% in the third quarter. Pennsylvania Trust Co now owns 5,550 shares of the shipping service provider’s stock worth $969,000 after buying an additional 488 shares during the last quarter. BTR Capital Management Inc. boosted its stake in FedEx by 77.1% in the third quarter. BTR Capital Management Inc. now owns 11,052 shares of the shipping service provider’s stock worth $1,931,000 after buying an additional 4,810 shares during the last quarter. Finally, Callahan Advisors LLC boosted its stake in FedEx by 16.8% in the third quarter. Callahan Advisors LLC now owns 33,602 shares of the shipping service provider’s stock worth $5,870,000 after buying an additional 4,836 shares during the last quarter. 75.22% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

FedEx Co. (NYSE:FDX) opened at 188.12 on Friday. The stock has a 50 day moving average price of $192.34 and a 200 day moving average price of $184.38. The company has a market cap of $50.14 billion, a price-to-earnings ratio of 27.64 and a beta of 1.14. FedEx Co. has a 52 week low of $145.00 and a 52 week high of $201.57.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, March 21st. The shipping service provider reported $2.35 EPS for the quarter, missing the consensus estimate of $2.62 by $0.27. FedEx had a net margin of 3.35% and a return on equity of 22.02%. The firm earned $15 billion during the quarter, compared to analysts’ expectations of $15 billion. During the same quarter in the previous year, the company posted $2.51 EPS. FedEx’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, equities analysts forecast that FedEx Co. will post $12.00 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, March 13th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.60 annualized dividend and a yield of 0.85%. FedEx’s payout ratio is 23.46%.

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A number of analysts have recently issued reports on FDX shares. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of FedEx in a research report on Tuesday, January 24th. Zacks Investment Research cut FedEx from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. Raymond James Financial, Inc. raised FedEx from a “market perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Monday, February 6th. BMO Capital Markets raised FedEx from a “market perform” rating to an “outperform” rating and set a $220.00 price objective for the company in a research report on Monday, March 6th. They noted that the move was a valuation call. Finally, Vetr raised FedEx from a “hold” rating to a “buy” rating and set a $208.57 price objective for the company in a research report on Tuesday, February 21st. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. FedEx has a consensus rating of “Buy” and a consensus target price of $203.85.

In related news, EVP Robert B. Carter sold 34,580 shares of the company’s stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $191.22, for a total value of $6,612,387.60. Following the transaction, the executive vice president now owns 77,062 shares in the company, valued at $14,735,795.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.67% of the stock is currently owned by corporate insiders.

FedEx Company 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.

5 Day Chart for NYSE:FDX

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX).

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