1,102 Shares in FedEx Co. (NYSE:FDX) Bought by 1858 Wealth Management LLC

1858 Wealth Management LLC acquired a new stake in shares of FedEx Co. (NYSE:FDX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,102 shares of the shipping service provider’s stock, valued at approximately $310,000.

Other institutional investors have also added to or reduced their stakes in the company. E. Ohman J or Asset Management AB increased its position in shares of FedEx by 7.6% during the fourth quarter. E. Ohman J or Asset Management AB now owns 10,200 shares of the shipping service provider’s stock valued at $2,870,000 after buying an additional 720 shares during the period. Brown Lisle Cummings Inc. boosted its position in FedEx by 11.1% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,665 shares of the shipping service provider’s stock valued at $1,031,000 after acquiring an additional 365 shares in the last quarter. F&V Capital Management LLC boosted its position in FedEx by 0.7% during the 4th quarter. F&V Capital Management LLC now owns 63,942 shares of the shipping service provider’s stock valued at $17,989,000 after acquiring an additional 425 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of FedEx by 0.5% during the 4th quarter. Hodges Capital Management Inc. now owns 11,321 shares of the shipping service provider’s stock worth $3,185,000 after acquiring an additional 56 shares during the period. Finally, Catalina Capital Group LLC raised its position in shares of FedEx by 9.9% in the 4th quarter. Catalina Capital Group LLC now owns 810 shares of the shipping service provider’s stock worth $228,000 after acquiring an additional 73 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FedEx

In other news, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the sale, the chief executive officer now owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This represents a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John W. Dietrich acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average cost 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 of the company’s stock, valued at $2,484,176.66. The trade was a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FDX shares. Stifel Nicolaus dropped their price target on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Loop Capital cut shares of FedEx from a “buy” rating to a “hold” rating and dropped their target price for the company from $365.00 to $283.00 in a report on Monday. Barclays upped their target price on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. UBS Group lifted their price target on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets boosted their price objective on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $321.87.

FedEx Stock Performance

Shares of NYSE FDX opened at $251.08 on Wednesday. The firm’s 50-day moving average price is $278.47 and its 200-day moving average price is $281.61. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The company has a market cap of $60.47 billion, a PE ratio of 16.00, a PEG ratio of 1.10 and a beta of 1.18. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.17. The company had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $3.99 earnings per share. As a group, analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

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.