Jacobson & Schmitt Advisors LLC Has $13.61 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Jacobson & Schmitt Advisors LLC grew its stake in FedEx Co. (NYSE:FDX - Free Report) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,373 shares of the shipping service provider's stock after purchasing an additional 1,667 shares during the period. FedEx comprises about 2.6% of Jacobson & Schmitt Advisors LLC's investment portfolio, making the stock its 12th biggest position. Jacobson & Schmitt Advisors LLC's holdings in FedEx were worth $13,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FDX. Exchange Traded Concepts LLC bought a new stake in FedEx in the 3rd quarter valued at $97,000. Blue Trust Inc. boosted its position in shares of FedEx by 112.0% during the 3rd quarter. Blue Trust Inc. now owns 1,802 shares of the shipping service provider's stock valued at $540,000 after acquiring an additional 952 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in FedEx by 19.4% in the third quarter. Sequoia Financial Advisors LLC now owns 9,253 shares of the shipping service provider's stock valued at $2,534,000 after acquiring an additional 1,503 shares during the period. Eastern Bank acquired a new position in FedEx in the third quarter worth about $302,000. Finally, Greenleaf Trust lifted its stake in FedEx by 2.5% during the third quarter. Greenleaf Trust now owns 5,028 shares of the shipping service provider's stock worth $1,376,000 after purchasing an additional 122 shares during the period. Institutional investors own 84.47% of the company's stock.

FedEx Trading Down 5.4 %

Shares of FDX traded down $14.57 on Friday, reaching $253.89. 3,688,938 shares of the company's stock were exchanged, compared to its average volume of 1,676,554. The business has a 50 day moving average price of $271.34 and a two-hundred day moving average price of $278.38. FedEx Co. has a 12 month low of $239.07 and a 12 month high of $313.84. The stock has a market capitalization of $61.15 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 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 during the quarter, compared to analysts' expectations of $22.14 billion. During the same quarter in the previous year, the company posted $3.99 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. Research analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

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

Insider Activity

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane purchased 333 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now owns 333 shares of the company's stock, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on FedEx from $305.00 to $320.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. Bank of America increased their price objective on FedEx from $325.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. StockNews.com upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Stifel Nicolaus dropped their target price on shares of FedEx from $368.00 to $364.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Finally, Sanford C. Bernstein lowered shares of FedEx from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $321.87.

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.