Heritage Trust Co Makes New Investment in FedEx Co. (NYSE:FDX)

Heritage Trust Co bought a new stake in shares of FedEx Co. (NYSE:FDX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,235 shares of the shipping service provider's stock, valued at approximately $1,473,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in FedEx by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock valued at $5,682,727,000 after purchasing an additional 56,236 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of FedEx by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock worth $1,350,686,000 after purchasing an additional 109,006 shares in the last quarter. Franklin Resources Inc. raised its stake in FedEx by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after buying an additional 323,115 shares during the period. Invesco Ltd. grew its stake in FedEx by 4.1% in the fourth quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock valued at $906,165,000 after acquiring an additional 127,044 shares during the period. Finally, Norges Bank acquired a new stake in shares of FedEx during the fourth quarter worth about $807,352,000. Institutional investors own 84.47% of the company's stock.

FedEx Trading Up 2.8 %

FedEx stock traded up $5.77 during mid-day trading on Thursday, reaching $209.33. 512,337 shares of the company traded hands, compared to its average volume of 1,772,103. The firm's 50 day moving average price is $241.15 and its 200 day moving average price is $264.51. The firm has a market capitalization of $50.16 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 1.11 and a beta of 1.24. 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 Co. has a 52-week low of $194.30 and a 52-week high of $313.84.

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FedEx (NYSE:FDX - Get Free Report) last posted its quarterly 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 return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. During the same quarter in the prior year, the firm earned $3.86 EPS. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.64%. The ex-dividend date was Monday, March 10th. FedEx's dividend payout ratio is currently 34.63%.

Wall Street Analyst Weigh In

FDX has been the subject of a number of research reports. Citigroup decreased their price objective on FedEx from $305.00 to $267.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus decreased their price target on shares of FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company reduced their price target on FedEx from $275.00 to $260.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. UBS Group lowered their price objective on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on FedEx in a research note on Friday, March 7th. They set a "buy" rating and a $337.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $300.63.

Insider Buying and Selling

In related news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. The trade was a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.87% of the stock is currently owned by corporate insiders.

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.