Columbia Trust Co 01012016 Has $523,000 Stock Holdings in FedEx Co. (NYSE:FDX)

Columbia Trust Co 01012016 lifted its position in FedEx Co. (NYSE:FDX) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,068 shares of the shipping service provider’s stock after buying an additional 153 shares during the quarter. Columbia Trust Co 01012016’s holdings in FedEx were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FDX. Norges Bank acquired a new stake in shares of FedEx in the fourth quarter worth $388,787,000. Mizuho Markets Americas LLC bought a new position in FedEx during the third quarter worth $496,611,000. FMR LLC increased its position in FedEx by 29.1% during the third quarter. FMR LLC now owns 4,063,938 shares of the shipping service provider’s stock worth $1,076,619,000 after acquiring an additional 916,555 shares during the period. Marshall Wace LLP increased its position in FedEx by 2,602.9% during the second quarter. Marshall Wace LLP now owns 608,210 shares of the shipping service provider’s stock worth $150,775,000 after acquiring an additional 632,510 shares during the period. Finally, Ameriprise Financial Inc. increased its position in FedEx by 144.4% during the third quarter. Ameriprise Financial Inc. now owns 1,008,037 shares of the shipping service provider’s stock worth $267,135,000 after acquiring an additional 595,628 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Down 0.4 %

FDX opened at $287.88 on Thursday. The firm’s 50-day simple moving average is $248.74 and its 200-day simple moving average is $252.07. The firm has a market cap of $70.84 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 1.37 and a beta of 1.20. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.26 and a current ratio of 1.31. FedEx Co. has a twelve month low of $213.80 and a twelve month high of $291.27.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.37. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.95 billion. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.41 EPS. Equities research analysts anticipate that FedEx Co. will post 17.6 EPS for the current fiscal year.

FedEx declared that its board has initiated a share repurchase plan on Thursday, March 21st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the shipping service provider to repurchase up to 7.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

FedEx Dividend Announcement

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 $1.26 per share. The ex-dividend date is Friday, March 8th. This represents a $5.04 annualized dividend and a yield of 1.75%. FedEx’s dividend payout ratio (DPR) is 29.07%.

Insider Buying and Selling

In related news, VP Guy M. Erwin II sold 2,749 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total transaction of $794,763.39. Following the transaction, the vice president now owns 486 shares in the company, valued at approximately $140,507.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other FedEx news, Director Susan C. Schwab sold 6,145 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $288.02, for a total transaction of $1,769,882.90. Following the transaction, the director now directly owns 7,865 shares in the company, valued at approximately $2,265,277.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Guy M. Erwin II sold 2,749 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total transaction of $794,763.39. Following the transaction, the vice president now owns 486 shares in the company, valued at $140,507.46. The disclosure for this sale can be found here. 8.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FDX has been the topic of a number of research reports. Melius Research raised shares of FedEx from a “hold” rating to a “buy” rating and set a $310.00 target price on the stock in a research report on Monday, January 8th. Stephens dropped their target price on shares of FedEx from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 20th. JPMorgan Chase & Co. dropped their target price on shares of FedEx from $322.00 to $305.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 20th. Barclays boosted their target price on shares of FedEx from $310.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Finally, Evercore ISI boosted their target price on shares of FedEx from $327.00 to $351.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $301.07.

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.