Key Financial Inc Has $71,000 Stock Holdings in FedEx Co. (NYSE:FDX)

Key Financial Inc raised its holdings in shares of FedEx Co. (NYSE:FDX) by 30.3% in the 4th quarter, HoldingsChannel reports. The firm owned 254 shares of the shipping service provider’s stock after buying an additional 59 shares during the period. Key Financial Inc’s holdings in FedEx were worth $71,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in FDX. Fortitude Family Office LLC lifted its holdings in FedEx by 144.4% during 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 lifted its holdings in shares of FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after buying an additional 40 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in shares of FedEx during the fourth quarter worth $28,000. City Holding Co. acquired a new stake in shares of FedEx during the fourth quarter worth $28,000. Finally, Kentucky Trust Co acquired a new stake in shares of FedEx during the fourth quarter worth $28,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

FedEx stock opened at $267.35 on Wednesday. FedEx Co. has a 12-month low of $235.32 and a 12-month high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The business’s 50-day moving average price is $271.93 and its two-hundred day moving average price is $278.53. The stock has a market cap of $64.39 billion, a PE ratio of 17.04, a P/E/G ratio of 1.07 and a beta of 1.18.

FedEx (NYSE:FDX) last released its earnings results 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. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the previous year, the business posted $3.99 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid 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 payout ratio is 35.18%.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of research reports. Sanford C. Bernstein downgraded 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. Barclays lifted their target price on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Loop Capital downgraded FedEx from a “buy” rating to a “hold” rating and dropped their target price for the stock from $365.00 to $283.00 in a report on Monday, February 3rd. Wells Fargo & Company lifted their target price on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Finally, Raymond James raised their price target on FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $321.87.

Insider Activity

In related news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane acquired 333 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now owns 333 shares of the company’s stock, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. 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.