Dorsey & Whitney Trust CO LLC Purchases 214 Shares of FedEx Co. (NYSE:FDX)

Dorsey & Whitney Trust CO LLC grew its position in shares of FedEx Co. (NYSE:FDX) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,874 shares of the shipping service provider’s stock after buying an additional 214 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in FedEx were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. bLong Financial LLC purchased a new stake in shares of FedEx during the 4th quarter worth approximately $391,000. Virtu Financial LLC purchased a new position in FedEx in the 3rd quarter valued at approximately $3,405,000. Lodestone Wealth Management LLC purchased a new position in FedEx in the 4th quarter valued at approximately $461,000. Wedmont Private Capital grew its stake in FedEx by 4.1% in the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after buying an additional 91 shares in the last quarter. Finally, GFS Advisors LLC purchased a new position in FedEx in the 4th quarter valued at approximately $26,855,000. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In related news, EVP John W. Dietrich purchased 1,000 shares of FedEx stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were 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 $2,461,510.80. This represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

FedEx Stock Performance

FedEx stock opened at $253.80 on Monday. The firm has a fifty day simple moving average of $266.55 and a two-hundred day simple moving average of $276.07. FedEx Co. has a twelve month low of $242.92 and a twelve month high of $313.84. The company has a market capitalization of $61.13 billion, a PE ratio of 16.18, a P/E/G ratio of 1.11 and a beta of 1.23. 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 released 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. FedEx had a net margin of 4.45% and a return on equity of 15.59%. 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 company earned $3.99 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is 35.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FDX. Barclays lifted their price objective on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Loop Capital lowered shares of FedEx from a “buy” rating to a “hold” rating and reduced their price objective for the company from $365.00 to $283.00 in a research note on Monday, February 3rd. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. TD Cowen boosted their price target on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Raymond James lowered shares of FedEx from an “outperform” rating to a “market perform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $318.58.

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.