Persium Advisors LLC Makes New Investment in FedEx Co. (NYSE:FDX)

Persium Advisors LLC acquired a new stake in shares of FedEx Co. (NYSE:FDX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,883 shares of the shipping service provider's stock, valued at approximately $530,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Forza Wealth Management LLC grew its position in FedEx by 1.8% during the 4th quarter. Forza Wealth Management LLC now owns 2,693 shares of the shipping service provider's stock worth $758,000 after acquiring an additional 48 shares during the last quarter. Wedmont Private Capital boosted its stake in FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock worth $631,000 after purchasing an additional 91 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of FedEx by 2.2% during the fourth quarter. Salem Investment Counselors Inc. now owns 20,896 shares of the shipping service provider's stock worth $5,907,000 after purchasing an additional 455 shares during the last quarter. Trust Co. of Toledo NA OH increased its stake in shares of FedEx by 37.9% in the fourth quarter. Trust Co. of Toledo NA OH now owns 2,901 shares of the shipping service provider's stock valued at $816,000 after buying an additional 797 shares in the last quarter. Finally, Fiduciary Alliance LLC raised its holdings in shares of FedEx by 5.1% in the fourth quarter. Fiduciary Alliance LLC now owns 1,256 shares of the shipping service provider's stock valued at $353,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Up 1.4 %

FDX stock traded up $3.73 during mid-day trading on Monday, hitting $274.46. 1,367,684 shares of the company were exchanged, compared to its average volume of 1,491,267. The firm has a market cap of $66.10 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.18 and a beta of 1.20. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. The firm's 50 day simple moving average is $283.85 and its 200 day simple moving average is $284.46.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts' consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.99 EPS. On average, sell-side analysts predict that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 2.01%. FedEx's dividend payout ratio is currently 35.18%.

Insider Activity

In related news, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction dated 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 owns 111,886 shares of the company's stock, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 of the company's stock, valued at approximately $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 Analyst Weigh In

FDX has been the subject of several research reports. Hsbc Global Res cut shares of FedEx from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 20th. StockNews.com raised shares of FedEx from a "hold" rating to a "buy" rating in a report on Friday, December 20th. Citigroup upped their price objective on FedEx from $301.00 to $331.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Evercore ISI lowered their target price on FedEx from $335.00 to $318.00 and set an "outperform" rating for the company in a research note on Friday, September 20th. Finally, Robert W. Baird cut their price target on FedEx from $340.00 to $320.00 and set an "outperform" rating on the stock in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, FedEx presently has a consensus rating of "Moderate Buy" and a consensus price target of $325.61.

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.