FedEx Co. (NYSE:FDX) Shares Bought by Plancorp LLC

Plancorp LLC grew its position in FedEx Co. (NYSE:FDX) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,531 shares of the shipping service provider’s stock after buying an additional 51 shares during the quarter. Plancorp LLC’s holdings in FedEx were worth $431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. bLong Financial LLC purchased a new position in FedEx during the fourth quarter valued at approximately $391,000. Virtu Financial LLC acquired a new stake in shares of FedEx in the third quarter worth $3,405,000. Lodestone Wealth Management LLC acquired a new stake in shares of FedEx in the fourth quarter worth $461,000. Wedmont Private Capital raised its stake in FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after purchasing an additional 91 shares during the last quarter. Finally, GFS Advisors LLC acquired a new position in FedEx during the 4th quarter valued at $26,855,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FDX shares. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and cut their target price for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. lowered their target price on shares of FedEx from $323.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday. Wells Fargo & Company decreased their price objective on shares of FedEx from $275.00 to $260.00 and set an “equal weight” rating on the stock in a report on Friday. Piper Sandler lowered shares of FedEx to a “neutral” rating in a research note on Monday, February 3rd. Finally, StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $301.67.

Insiders Place Their Bets

In related news, EVP John W. Dietrich acquired 1,000 shares of FedEx stock in a transaction on Tuesday, January 7th. The stock was purchased at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

FedEx Price Performance

Shares of FDX opened at $230.25 on Friday. The stock has a market capitalization of $55.46 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.11 and a beta of 1.23. FedEx Co. has a twelve month low of $217.22 and a twelve month high of $313.84. The company has a 50 day moving average of $259.95 and a 200-day moving average of $272.49. 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 earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the prior year, the business posted $3.86 earnings per share. FedEx’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.40%. FedEx’s dividend payout ratio is presently 35.18%.

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.