WealthPlan Investment Management LLC Has $473,000 Stock Holdings in FedEx Co. (NYSE:FDX)

WealthPlan Investment Management LLC increased its position in shares of FedEx Co. (NYSE:FDX) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,680 shares of the shipping service provider’s stock after purchasing an additional 42 shares during the period. WealthPlan Investment Management LLC’s holdings in FedEx were worth $473,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FDX. Fortitude Family Office LLC boosted its position in shares of FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 52 shares in the last quarter. Evermay Wealth Management LLC boosted its position in FedEx by 72.7% in the third 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 in the last quarter. Peoples Financial Services CORP. acquired a new stake in FedEx in the fourth quarter valued at approximately $28,000. City Holding Co. acquired a new stake in FedEx in the fourth quarter valued at approximately $28,000. Finally, Kentucky Trust Co acquired a new stake in FedEx in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Up 1.8 %

FDX opened at $267.83 on Friday. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. 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 company has a market cap of $64.51 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The company has a fifty day moving average price of $272.40 and a two-hundred day moving average price of $279.23.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion during 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 business’s revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $3.99 earnings per share. Analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio is currently 35.18%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FDX shares. UBS Group raised their target price 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. Stifel Nicolaus cut their target price on shares of FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Sanford C. Bernstein downgraded shares of FedEx from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. TD Cowen raised their price target on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, BMO Capital Markets raised their price target on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

Insider Activity

In related news, CEO Richard W. Smith sold 2,576 shares of the business’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 transaction, the chief executive officer now directly owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the transaction, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

About FedEx

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.