FedEx Co. (NYSE:FDX) Shares Acquired by Fiduciary Alliance LLC

Fiduciary Alliance LLC boosted its holdings in FedEx Co. (NYSE:FDXFree Report) by 5.1% during the 4th quarter, Holdings Channel reports. The fund owned 1,256 shares of the shipping service provider’s stock after acquiring an additional 61 shares during the quarter. Fiduciary Alliance LLC’s holdings in FedEx were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Aprio Wealth Management LLC lifted its holdings in FedEx by 11.4% in the fourth quarter. Aprio Wealth Management LLC now owns 1,369 shares of the shipping service provider’s stock worth $385,000 after purchasing an additional 140 shares during the period. Czech National Bank lifted its stake in shares of FedEx by 6.2% in the 4th quarter. Czech National Bank now owns 48,737 shares of the shipping service provider’s stock worth $13,711,000 after acquiring an additional 2,828 shares during the period. Sage Capital Advisors llc boosted its holdings in shares of FedEx by 1.6% in the fourth quarter. Sage Capital Advisors llc now owns 14,391 shares of the shipping service provider’s stock valued at $4,049,000 after acquiring an additional 222 shares in the last quarter. ST Germain D J Co. Inc. increased its stake in shares of FedEx by 37.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 456 shares of the shipping service provider’s stock valued at $128,000 after acquiring an additional 125 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in FedEx by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,241 shares of the shipping service provider’s stock worth $12,382,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling

In related news, Director Amy B. Lane purchased 333 shares of FedEx stock in a transaction on Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John W. Dietrich acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the acquisition, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by insiders.

FedEx Stock Performance

Shares of NYSE FDX opened at $277.63 on Wednesday. The business’s 50-day simple moving average is $283.89 and its 200-day simple moving average is $284.31. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The firm has a market cap of $66.87 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.18 and a beta of 1.20.

FedEx (NYSE:FDXGet Free Report) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The company had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.99 earnings per share. As a group, equities research analysts expect that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio is currently 35.18%.

Analysts Set New Price Targets

FDX has been the topic of several research analyst reports. Bank of America lifted their price target on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. boosted their price target on shares of FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Susquehanna reduced their price objective on shares of FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a research report on Friday, September 20th. Sanford C. Bernstein downgraded shares of FedEx from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. Finally, Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and raised their target price for the stock from $288.00 to $365.00 in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.61.

Get Our Latest Stock Analysis on FDX

FedEx Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDXFree Report).

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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