Jones Financial Companies Lllp Purchases 6,789 Shares of FedEx Co. (NYSE:FDX)

Jones Financial Companies Lllp increased its stake in FedEx Co. (NYSE:FDX - Free Report) by 55.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,133 shares of the shipping service provider's stock after purchasing an additional 6,789 shares during the period. Jones Financial Companies Lllp's holdings in FedEx were worth $5,383,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FDX. Bryn Mawr Capital Management LLC raised its position in FedEx by 22,317.0% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 322,580 shares of the shipping service provider's stock worth $90,751,000 after purchasing an additional 321,141 shares during the last quarter. Franklin Resources Inc. grew its holdings in FedEx by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock worth $1,042,050,000 after acquiring an additional 314,380 shares during the period. KBC Group NV grew its holdings in FedEx by 197.4% during the 4th quarter. KBC Group NV now owns 341,390 shares of the shipping service provider's stock worth $96,043,000 after acquiring an additional 226,608 shares during the period. Proficio Capital Partners LLC acquired a new stake in FedEx during the 4th quarter worth $56,065,000. Finally, World Investment Advisors LLC grew its holdings in FedEx by 2,163.7% during the 3rd quarter. World Investment Advisors LLC now owns 192,441 shares of the shipping service provider's stock worth $52,667,000 after acquiring an additional 183,940 shares during the period. Institutional investors own 84.47% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. BNP Paribas raised shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Barclays upped their target price on shares of FedEx from $350.00 to $365.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. UBS Group upped their target price on shares of FedEx from $311.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Wells Fargo & Company upped their target price on shares of FedEx from $305.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of FedEx from $372.00 to $323.00 and set an "overweight" rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, FedEx presently has a consensus rating of "Moderate Buy" and a consensus price target of $319.74.

Insider Buying and Selling

In related news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares of the company's stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amy B. Lane acquired 333 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at $91,927.98. The trade was 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.

FedEx Stock Performance

FedEx stock traded up $2.90 during trading hours on Wednesday, hitting $250.64. The company had a trading volume of 1,368,019 shares, compared to its average volume of 1,658,758. The firm has a market cap of $60.37 billion, a PE ratio of 15.97, a PEG ratio of 1.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a one year low of $242.92 and a one year high of $313.84. The firm has a 50-day moving average of $267.66 and a 200 day moving average of $276.69.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share 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 firm had revenue of $22 billion for the quarter, compared to analysts' expectations of $22.14 billion. During the same period in the prior year, the firm earned $3.99 EPS. The business's revenue was down .7% on a year-over-year basis. On average, sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 2.20%. 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.