FedEx Co. (NYSE:FDX) Shares Bought by Lion Street Advisors LLC

Lion Street Advisors LLC lifted its stake in shares of FedEx Co. (NYSE:FDX) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,060 shares of the shipping service provider’s stock after acquiring an additional 142 shares during the period. Lion Street Advisors LLC’s holdings in FedEx were worth $579,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FDX. Fortitude Family Office LLC boosted its holdings in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after purchasing an additional 52 shares during the last quarter. Evermay Wealth Management LLC raised its position in shares of FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after buying an additional 40 shares during the period. Peoples Financial Services CORP. acquired a new position in FedEx in the fourth quarter valued at approximately $28,000. City Holding Co. purchased a new position in FedEx in the fourth quarter worth approximately $28,000. Finally, Highline Wealth Partners LLC acquired a new stake in FedEx during the third quarter worth $31,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Up 1.5 %

Shares of NYSE:FDX opened at $251.08 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The firm has a 50 day simple moving average of $277.43 and a 200-day simple moving average of $281.22. The company has a market capitalization of $60.47 billion, a PE ratio of 16.00, a P/E/G ratio of 1.10 and a beta of 1.18. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84.

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

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s payout ratio is currently 35.18%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FDX. Sanford C. Bernstein downgraded FedEx from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Wells Fargo & Company lifted their price target on shares of FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. UBS Group raised their price target on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Stifel Nicolaus cut their price objective on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, Loop Capital cut FedEx from a “buy” rating to a “hold” rating and lowered their target price for the company from $365.00 to $283.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

Insider Transactions at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John W. Dietrich bought 1,000 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average price of $273.98 per share, with a total value of $273,980.00. Following the purchase, the executive vice president now directly 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. Insiders own 8.87% 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.