Keystone Financial Group boosted its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 157.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,711 shares of the shipping service provider's stock after purchasing an additional 2,271 shares during the period. Keystone Financial Group's holdings in FedEx were worth $998,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in FDX. Fortitude Family Office LLC raised its position in shares of FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after buying an additional 52 shares during the last quarter. Peoples Financial Services CORP. bought a new position in shares of FedEx during the 4th quarter valued at approximately $28,000. City Holding Co. bought a new stake in shares of FedEx in the 4th quarter worth about $28,000. Kentucky Trust Co bought a new position in FedEx during the 4th quarter valued at about $28,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of FedEx during the fourth quarter valued at approximately $28,000. Institutional investors own 84.47% of the company's stock.
Analyst Upgrades and Downgrades
FDX has been the subject of several research analyst reports. UBS Group decreased their target price on FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Barclays dropped their price objective on shares of FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Cfra Research upgraded FedEx to a "hold" rating in a report on Thursday, March 20th. Citigroup dropped their price objective on FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, BMO Capital Markets lowered their price target on shares of FedEx from $330.00 to $275.00 and set a "market perform" rating on the stock in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $300.63.
Check Out Our Latest Stock Report on FDX
FedEx Stock Performance
Shares of NYSE:FDX traded up $3.89 during trading on Friday, hitting $207.45. 1,106,975 shares of the stock traded hands, compared to its average volume of 1,778,814. FedEx Co. has a 52-week low of $194.30 and a 52-week high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average price of $239.05 and a two-hundred day moving average price of $263.63. The company has a market cap of $49.71 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.11 and a beta of 1.24.
FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion for the quarter, compared to analysts' expectations of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.86 EPS. As a group, equities analysts predict that FedEx Co. will post 19.14 EPS for the current year.
FedEx Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.66%. FedEx's dividend payout ratio (DPR) is currently 34.63%.
Insider Buying and Selling at FedEx
In related news, COO John Alan Smith sold 6,155 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.87% of the company's stock.
About FedEx
(
Free Report)
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.
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