Caxton Associates LP Invests $829,000 in FedEx Co. (FDX) Stock

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Caxton Associates LP bought a new stake in FedEx Co. (NYSE:FDX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,140 shares of the shipping service provider’s stock, valued at approximately $829,000.

Other large investors have also bought and sold shares of the company. Franklin Resources Inc. boosted its position in shares of FedEx by 2.2% during the third quarter. Franklin Resources Inc. now owns 551,315 shares of the shipping service provider’s stock worth $132,752,000 after buying an additional 11,798 shares during the period. Creative Planning boosted its position in shares of FedEx by 16.0% during the fourth quarter. Creative Planning now owns 35,473 shares of the shipping service provider’s stock worth $5,723,000 after buying an additional 4,901 shares during the period. Voit & Company LLC acquired a new position in shares of FedEx during the fourth quarter worth about $2,175,000. Focused Investors LLC acquired a new position in shares of FedEx during the fourth quarter worth about $66,774,000. Finally, Tower Bridge Advisors boosted its position in shares of FedEx by 5.1% during the fourth quarter. Tower Bridge Advisors now owns 75,846 shares of the shipping service provider’s stock worth $12,236,000 after buying an additional 3,686 shares during the period. 70.62% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE FDX opened at $178.99 on Friday. FedEx Co. has a 52 week low of $150.94 and a 52 week high of $266.67. The company has a quick ratio of 1.36, a current ratio of 1.46 and a debt-to-equity ratio of 0.87. The company has a market cap of $45.62 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.88 and a beta of 1.63.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, March 19th. The shipping service provider reported $3.03 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.07). FedEx had a net margin of 5.25% and a return on equity of 22.67%. The company had revenue of $17.01 billion for the quarter, compared to analyst estimates of $17.70 billion. During the same period last year, the company posted $3.72 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that FedEx Co. will post 15.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.60 annualized dividend and a yield of 1.45%. FedEx’s dividend payout ratio (DPR) is presently 16.98%.

FDX has been the subject of several recent research reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $256.00 price objective on shares of FedEx in a research report on Tuesday, December 18th. Berenberg Bank reaffirmed a “buy” rating and set a $245.00 price objective on shares of FedEx in a research report on Monday, January 7th. Robert W. Baird reduced their price objective on FedEx from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, December 19th. ValuEngine raised FedEx from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 26th. Finally, UBS Group reduced their price objective on FedEx from $234.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. FedEx has an average rating of “Buy” and a consensus target price of $218.45.

In related news, VP John L. Merino sold 2,300 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $182.24, for a total transaction of $419,152.00. Following the completion of the transaction, the vice president now directly owns 30,185 shares of the company’s stock, valued at $5,500,914.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David P. Steiner purchased 7,000 shares of FedEx stock in a transaction that occurred on Wednesday, January 2nd. The shares were bought at an average cost of $162.92 per share, with a total value of $1,140,440.00. Following the completion of the transaction, the director now directly owns 25,994 shares of the company’s stock, valued at approximately $4,234,942.48. The disclosure for this purchase can be found here. Corporate insiders own 8.50% of the company’s stock.

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FedEx Company Profile

FedEx Corp. engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, TNT Express, FedEx Ground, FedEx Freight, FedEx Services, and Other. The FedEx Express segment consists of domestic and international shipping services for delivery of packages, and freight.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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