Trueblood Wealth Management LLC Invests $221,000 in FedEx Co. (NYSE:FDX)

Trueblood Wealth Management LLC bought a new position in FedEx Co. (NYSE:FDX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 872 shares of the shipping service provider’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. FLC Capital Advisors boosted its position in shares of FedEx by 10.7% in the fourth quarter. FLC Capital Advisors now owns 2,122 shares of the shipping service provider’s stock worth $537,000 after buying an additional 205 shares during the period. Good Life Advisors LLC boosted its holdings in FedEx by 7.5% in the fourth quarter. Good Life Advisors LLC now owns 861 shares of the shipping service provider’s stock valued at $218,000 after purchasing an additional 60 shares during the last quarter. Procyon Advisors LLC boosted its holdings in FedEx by 5.6% in the fourth quarter. Procyon Advisors LLC now owns 17,637 shares of the shipping service provider’s stock valued at $4,462,000 after purchasing an additional 931 shares during the last quarter. Planned Solutions Inc. purchased a new position in FedEx in the fourth quarter valued at about $32,000. Finally, Jacobs & Co. CA boosted its holdings in FedEx by 2.2% in the fourth quarter. Jacobs & Co. CA now owns 45,366 shares of the shipping service provider’s stock valued at $11,476,000 after purchasing an additional 972 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 6,145 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $288.02, for a total value of $1,769,882.90. Following the completion of the sale, the director now owns 7,865 shares of the company’s stock, valued at $2,265,277.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Guy M. Erwin II sold 2,749 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $289.11, for a total transaction of $794,763.39. Following the completion of the sale, the vice president now directly owns 486 shares in the company, valued at $140,507.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan C. Schwab sold 6,145 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $288.02, for a total value of $1,769,882.90. Following the sale, the director now owns 7,865 shares of the company’s stock, valued at $2,265,277.30. The disclosure for this sale can be found here. Insiders sold a total of 19,393 shares of company stock valued at $5,581,475 over the last quarter. Company insiders own 8.73% of the company’s stock.

FedEx Stock Performance

Shares of NYSE FDX opened at $289.70 on Friday. The stock has a fifty day moving average price of $249.64 and a two-hundred day moving average price of $252.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.26 and a current ratio of 1.31. The firm has a market cap of $71.29 billion, a P/E ratio of 16.71, a PEG ratio of 1.37 and a beta of 1.20. FedEx Co. has a 1 year low of $213.80 and a 1 year high of $291.27.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.37. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.95 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $3.41 EPS. Research analysts forecast that FedEx Co. will post 17.6 EPS for the current fiscal year.

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

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $5.04 annualized dividend and a dividend yield of 1.74%. FedEx’s dividend payout ratio (DPR) is presently 29.07%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FDX shares. Melius raised FedEx from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Stifel Nicolaus reduced their price target on FedEx from $305.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Jefferies Financial Group upped their price objective on FedEx from $265.00 to $300.00 and gave the company a “hold” rating in a research note on Friday, March 22nd. Stephens cut their price objective on FedEx from $330.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 20th. Finally, Barclays upped their price objective on FedEx from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.