Cvfg LLC Takes $482,000 Position in FedEx Co. (NYSE:FDX)

Cvfg LLC purchased a new position in shares of FedEx Co. (NYSE:FDX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,714 shares of the shipping service provider's stock, valued at approximately $482,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Edge Wealth Management LLC lifted its holdings in shares of FedEx by 3.2% in the 4th quarter. Edge Wealth Management LLC now owns 1,431 shares of the shipping service provider's stock worth $403,000 after purchasing an additional 44 shares in the last quarter. Ritholtz Wealth Management acquired a new position in FedEx during the fourth quarter worth $249,000. Sanders Morris Harris LLC lifted its stake in shares of FedEx by 1.6% in the fourth quarter. Sanders Morris Harris LLC now owns 3,760 shares of the shipping service provider's stock valued at $1,057,000 after buying an additional 60 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of FedEx by 8.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,183 shares of the shipping service provider's stock valued at $1,177,000 after buying an additional 334 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its position in shares of FedEx by 6.8% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 2,700 shares of the shipping service provider's stock worth $759,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 84.47% of the company's stock.

Insider Activity

In other FedEx news, EVP John W. Dietrich acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was bought 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 approximately $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy B. Lane bought 333 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was acquired at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company's stock.

FedEx Stock Performance

NYSE:FDX traded down $2.26 on Friday, reaching $275.11. 1,577,458 shares of the company's stock were exchanged, compared to its average volume of 1,513,014. The firm has a market cap of $66.26 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.12 and a beta of 1.20. 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 fifty day simple moving average of $283.70 and a 200-day simple moving average of $284.20. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating analysts' consensus estimates of $3.88 by $0.17. The business had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.99 EPS. As a group, sell-side analysts predict that FedEx Co. will post 19.2 earnings per share for the current year.

FedEx Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FDX shares. StockNews.com upgraded FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. TD Cowen upped their price target on FedEx from $328.00 to $337.00 and gave the stock a "buy" rating in a report on Friday, December 20th. JPMorgan Chase & Co. increased their price target on FedEx from $370.00 to $372.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Morgan Stanley downgraded shares of FedEx from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $215.00 to $200.00 in a report on Friday, September 20th. Finally, Stephens dropped their price target on shares of FedEx from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, FedEx presently has an average rating of "Moderate Buy" and an average price target of $325.61.

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.