Heritage Trust Co Buys 185 Shares of FedEx Co. (NYSE:FDX)

Heritage Trust Co raised its position in shares of FedEx Co. (NYSE:FDX) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,381 shares of the shipping service provider’s stock after acquiring an additional 185 shares during the period. Heritage Trust Co’s holdings in FedEx were worth $1,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lakewood Asset Management LLC bought a new position in FedEx during the 4th quarter worth $26,000. Guardian Wealth Advisors LLC acquired a new stake in FedEx in the 1st quarter worth about $26,000. GW&K Investment Management LLC bought a new stake in FedEx in the 1st quarter valued at about $27,000. Horan Securities Inc. grew its position in shares of FedEx by 85.7% during the 1st quarter. Horan Securities Inc. now owns 130 shares of the shipping service provider’s stock worth $30,000 after purchasing an additional 60 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in shares of FedEx by 1,957.1% during the first quarter. Sound Income Strategies LLC now owns 144 shares of the shipping service provider’s stock worth $33,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 73.61% of the company’s stock.

FedEx Stock Up 0.0 %

Shares of NYSE FDX traded up $0.04 during trading on Wednesday, hitting $256.66. 313,333 shares of the company traded hands, compared to its average volume of 1,968,438. The firm has a market capitalization of $64.55 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 1.26 and a beta of 1.36. The business’s fifty day moving average is $260.05 and its 200 day moving average is $235.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.33 and a current ratio of 1.37. FedEx Co. has a fifty-two week low of $141.92 and a fifty-two week high of $270.95.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.85 by $0.09. The business had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.55 billion. FedEx had a return on equity of 15.32% and a net margin of 4.41%. The company’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.87 earnings per share. Equities research analysts predict that FedEx Co. will post 17.3 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $5.04 annualized dividend and a yield of 1.96%. FedEx’s payout ratio is 32.52%.

Analyst Ratings Changes

FDX has been the topic of a number of analyst reports. Argus increased their price target on FedEx from $240.00 to $260.00 in a research report on Monday, June 26th. UBS Group boosted their price target on FedEx from $272.00 to $312.00 in a research note on Friday, September 1st. StockNews.com assumed coverage on shares of FedEx in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Sanford C. Bernstein boosted their target price on shares of FedEx from $261.00 to $284.00 in a research report on Wednesday, June 21st. Finally, Atlantic Securities began coverage on shares of FedEx in a research report on Tuesday, June 6th. They set an “overweight” rating and a $265.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $247.57.

Insider Buying and Selling at FedEx

In other news, VP Jennifer L. Johnson sold 10,801 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $238.61, for a total transaction of $2,577,226.61. Following the completion of the sale, the vice president now directly owns 3,196 shares of the company’s stock, valued at $762,597.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Jennifer L. Johnson sold 10,801 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $238.61, for a total value of $2,577,226.61. Following the transaction, the vice president now owns 3,196 shares in the company, valued at $762,597.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert B. Carter sold 19,270 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $246.00, for a total value of $4,740,420.00. Following the completion of the sale, the executive vice president now directly owns 58,875 shares of the company’s stock, valued at $14,483,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,816 shares of company stock valued at $8,822,147. Corporate insiders own 8.73% of the company’s stock.

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.