Vickerman Investment Advisors Inc. Sells 230 Shares of FedEx Co. (NYSE:FDX)

Vickerman Investment Advisors Inc. trimmed its position in shares of FedEx Co. (NYSE:FDX) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,812 shares of the shipping service provider’s stock after selling 230 shares during the period. FedEx makes up approximately 1.0% of Vickerman Investment Advisors Inc.’s holdings, making the stock its 28th biggest holding. Vickerman Investment Advisors Inc.’s holdings in FedEx were worth $3,604,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FDX. Fortitude Family Office LLC raised its holdings 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. Peoples Financial Services CORP. purchased a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. City Holding Co. purchased a new stake in FedEx during the 4th quarter valued at $28,000. Kentucky Trust Co purchased a new stake in FedEx during the 4th quarter valued at $28,000. Finally, Activest Wealth Management purchased a new stake in FedEx during the 4th quarter valued at $29,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Price Performance

Shares of FDX stock opened at $246.00 on Friday. FedEx Co. has a 1-year low of $226.11 and a 1-year high of $313.84. The stock’s 50-day moving average is $260.76 and its 200 day moving average is $273.11. The company has a market cap of $59.25 billion, a P/E ratio of 15.68, a PEG ratio of 1.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the previous year, the business earned $3.86 EPS. FedEx’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is currently 35.18%.

Insider Activity at FedEx

In other FedEx news, Director Amy B. Lane purchased 333 shares of the firm’s stock in a transaction 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 in the company, valued at $91,927.98. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John W. Dietrich purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was acquired at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the purchase, 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.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FDX shares. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. BMO Capital Markets increased their price target on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft started coverage on FedEx in a report on Friday, March 7th. They set a “buy” rating and a $337.00 price target on the stock. Stephens decreased their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. Finally, Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and decreased their price target for the company from $365.00 to $283.00 in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $317.48.

FedEx 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.