Lodestone Wealth Management LLC Takes Position in FedEx Co. (NYSE:FDX)

Lodestone Wealth Management LLC bought a new position in FedEx Co. (NYSE:FDX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,638 shares of the shipping service provider's stock, valued at approximately $461,000.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of FedEx by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider's stock worth $1,281,335,000 after acquiring an additional 67,502 shares during the last quarter. Franklin Resources Inc. grew its holdings in FedEx by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock worth $1,042,050,000 after acquiring an additional 314,380 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of FedEx by 0.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider's stock worth $465,031,000 after acquiring an additional 11,100 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of FedEx by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider's stock valued at $397,267,000 after purchasing an additional 13,093 shares during the period. Finally, Sentry LLC grew its stake in FedEx by 0.4% during the fourth quarter. Sentry LLC now owns 1,217,117 shares of the shipping service provider's stock worth $342,412,000 after purchasing an additional 5,404 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on FDX. Stephens cut 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. Loop Capital downgraded shares of FedEx from a "buy" rating to a "hold" rating and cut their price target for the stock from $365.00 to $283.00 in a report on Monday, February 3rd. Citigroup boosted their target price on FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Raymond James upped their price target on shares of FedEx from $305.00 to $320.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. Finally, StockNews.com raised FedEx from a "hold" rating to a "buy" rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.87.

Insiders Place Their Bets

In related news, Director Susan C. Schwab sold 3,980 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John W. Dietrich purchased 1,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the acquisition, the executive vice president now owns 9,067 shares of the company's stock, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company's stock.

FedEx Trading Down 0.2 %

FDX traded down $0.44 during midday trading on Wednesday, reaching $267.02. 957,162 shares of the company's stock traded hands, compared to its average volume of 1,646,402. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $64.31 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 1.11 and a beta of 1.18. The firm has a fifty day moving average of $271.65 and a two-hundred day moving average of $278.45. FedEx Co. has a 52 week low of $235.32 and a 52 week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company 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. FedEx's quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Monday, March 10th. FedEx's dividend payout ratio (DPR) is presently 35.18%.

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.