Kelly Financial Services LLC Makes New $4.51 Million Investment in FedEx Co. (NYSE:FDX)

Kelly Financial Services LLC purchased a new stake in shares of FedEx Co. (NYSE:FDX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,041 shares of the shipping service provider's stock, valued at approximately $4,513,000. FedEx accounts for approximately 1.3% of Kelly Financial Services LLC's portfolio, making the stock its 21st largest holding.

Several other large investors have also recently added to or reduced their stakes in FDX. Fortitude Family Office LLC boosted its stake in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after purchasing an additional 52 shares in the last quarter. Evermay Wealth Management LLC raised its holdings in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock valued at $26,000 after buying an additional 40 shares during the last quarter. Peoples Financial Services CORP. acquired a new position in FedEx during the 4th quarter worth about $28,000. Highline Wealth Partners LLC bought a new stake in FedEx during the 3rd quarter worth about $31,000. Finally, FNY Investment Advisers LLC increased its position in FedEx by 177.5% in the 4th quarter. FNY Investment Advisers LLC now owns 111 shares of the shipping service provider's stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Buying and Selling at FedEx

In related news, Director Amy B. Lane purchased 333 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares of the company's stock, valued at $91,927.98. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the sale, the director now owns 8,904 shares in the company, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company's stock.

FedEx Price Performance

NYSE FDX traded down $2.26 during midday trading on Friday, hitting $275.11. The company had a trading volume of 1,577,458 shares, compared to its average volume of 1,877,061. The firm has a 50-day moving average price of $283.48 and a 200-day moving average price of $283.94. The company has a market capitalization of $66.26 billion, a PE ratio of 17.53, a P/E/G ratio of 1.12 and a beta of 1.20. 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 Co. has a twelve month low of $234.45 and a twelve month high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data 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. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22 billion during the quarter, compared to analysts' expectations of $22.14 billion. During the same quarter in the prior year, the business posted $3.99 earnings per share. FedEx's revenue was down .7% compared to the same quarter last year. As a group, analysts anticipate that FedEx Co. will post 19.2 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.01%. The ex-dividend date was Monday, December 9th. FedEx's payout ratio is presently 35.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FDX. Bank of America upped their target price on shares of FedEx from $325.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. TD Cowen upped their price objective on FedEx from $328.00 to $337.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Stifel Nicolaus lifted their target price on FedEx from $321.00 to $368.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Barclays upped their price target on FedEx from $350.00 to $365.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Finally, Raymond James lifted their price objective on FedEx from $305.00 to $320.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, FedEx has a consensus rating of "Moderate Buy" and an average target price of $325.61.

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.