Jaffetilchin Investment Partners LLC Buys 4,293 Shares of FedEx Co. (NYSE:FDX)

Jaffetilchin Investment Partners LLC boosted its position in FedEx Co. (NYSE:FDX - Free Report) by 165.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,884 shares of the shipping service provider's stock after acquiring an additional 4,293 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in FedEx were worth $1,937,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Covestor Ltd raised its stake in FedEx by 38.6% during the fourth quarter. Covestor Ltd now owns 750 shares of the shipping service provider's stock valued at $211,000 after buying an additional 209 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of FedEx by 0.5% in the fourth quarter. Treasurer of the State of North Carolina now owns 102,230 shares of the shipping service provider's stock worth $28,760,000 after buying an additional 460 shares in the last quarter. Colonial Trust Advisors raised its holdings in FedEx by 3.1% during the 4th quarter. Colonial Trust Advisors now owns 24,100 shares of the shipping service provider's stock valued at $6,780,000 after buying an additional 721 shares during the period. F M Investments LLC lifted its stake in shares of FedEx by 17.5% during the 4th quarter. F M Investments LLC now owns 7,666 shares of the shipping service provider's stock worth $2,157,000 after acquiring an additional 1,139 shares during the last quarter. Finally, Texas Yale Capital Corp. raised its stake in shares of FedEx by 3.7% during the fourth quarter. Texas Yale Capital Corp. now owns 1,400 shares of the shipping service provider's stock valued at $394,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

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FedEx Trading Down 1.0 %

NYSE FDX traded down $2.05 on Wednesday, reaching $205.30. The company had a trading volume of 447,264 shares, compared to its average volume of 1,772,420. The stock's 50 day moving average is $242.19 and its 200-day moving average is $264.94. FedEx Co. has a 52 week low of $194.30 and a 52 week high of $313.84. The stock has a market cap of $49.19 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.11 and a beta of 1.24. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the prior year, the firm posted $3.86 earnings per share. The company's revenue was up 1.9% compared to the same quarter last year. Equities analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Monday, March 10th. FedEx's dividend payout ratio (DPR) is presently 34.63%.

Insider Activity at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on FDX. Loop Capital lowered shares of FedEx from a "hold" rating to a "sell" rating and decreased their price objective for the company from $283.00 to $221.00 in a research report on Friday, March 21st. TD Cowen decreased their price objective on shares of FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Piper Sandler lowered shares of FedEx to a "neutral" rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of FedEx in a research report on Friday, March 7th. They set a "buy" rating and a $337.00 price target on the stock. Finally, Citigroup lowered their target price on shares of FedEx from $305.00 to $267.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and a consensus price target of $300.63.

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.