D.A. Davidson & CO. Has $12.47 Million Stock Position in FedEx Co. (NYSE:FDX)

D.A. Davidson & CO. boosted its position in FedEx Co. (NYSE:FDX - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,332 shares of the shipping service provider's stock after purchasing an additional 8,917 shares during the quarter. D.A. Davidson & CO.'s holdings in FedEx were worth $12,472,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. bLong Financial LLC bought a new stake in shares of FedEx during the 4th quarter worth about $391,000. Virtu Financial LLC purchased a new position in shares of FedEx in the third quarter worth approximately $3,405,000. Lodestone Wealth Management LLC purchased a new position in shares of FedEx in the fourth quarter worth approximately $461,000. Wedmont Private Capital boosted its holdings in shares of FedEx by 4.1% during 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 during the period. Finally, GFS Advisors LLC acquired a new stake in FedEx in the fourth quarter valued at approximately $26,855,000. 84.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. BNP Paribas upgraded shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. Raymond James boosted their price target on shares of FedEx from $305.00 to $320.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Sanford C. Bernstein lowered shares of FedEx from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. Citigroup upped their target price on shares of FedEx from $301.00 to $331.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, BMO Capital Markets upped their price target on shares of FedEx from $300.00 to $330.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $321.87.

Insider Buying and Selling at FedEx

In related news, CEO Richard W. Smith sold 2,576 shares of the firm's 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 transaction, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy B. Lane purchased 333 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now directly owns 333 shares of the company's stock, valued at $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company's stock.

FedEx Stock Down 5.4 %

NYSE FDX traded down $14.49 during trading hours on Friday, reaching $253.97. 4,329,771 shares of the company's stock were exchanged, compared to its average volume of 1,697,695. The company's 50-day moving average is $271.34 and its two-hundred day moving average is $278.38. FedEx Co. has a one year low of $239.07 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company has a market capitalization of $61.17 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to analysts' expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $3.99 EPS. On average, analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, March 10th. FedEx's dividend payout ratio is 35.18%.

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.