Mn Services Vermogensbeheer B.V. Has $25.54 Million Stock Position in FedEx Corporation $FDX

Mn Services Vermogensbeheer B.V. grew its holdings in shares of FedEx Corporation (NYSE:FDX) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 88,408 shares of the shipping service provider’s stock after acquiring an additional 2,308 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in FedEx were worth $25,538,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC bought a new position in FedEx during the 3rd quarter worth $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in FedEx during the 2nd quarter worth about $28,000. Wealth Watch Advisors INC bought a new stake in shares of FedEx in the 3rd quarter valued at about $28,000. Ameriflex Group Inc. increased its stake in shares of FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 63 shares during the period. Finally, Ulland Investment Advisors LLC acquired a new stake in shares of FedEx in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Up 4.3%

Shares of FedEx stock opened at $356.34 on Wednesday. The stock’s 50-day moving average is $357.20 and its 200 day moving average is $297.94. FedEx Corporation has a one year low of $194.29 and a one year high of $392.86. The firm has a market cap of $85.03 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $1.13. The business had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $4.51 earnings per share. Equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, March 9th. FedEx’s payout ratio is presently 30.87%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Argus lifted their price objective on FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Stifel Nicolaus increased their target price on shares of FedEx from $412.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Stephens raised their price target on shares of FedEx from $405.00 to $435.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Jefferies Financial Group boosted their price target on shares of FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $457.00 price objective on shares of FedEx in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $393.85.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.