Kelman Lazarov Inc. Has $1.13 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Kelman Lazarov Inc. lowered its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 25.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,021 shares of the shipping service provider's stock after selling 1,379 shares during the quarter. Kelman Lazarov Inc.'s holdings in FedEx were worth $1,131,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FDX. Norges Bank purchased a new stake in shares of FedEx during the fourth quarter worth about $807,352,000. Raymond James Financial Inc. bought a new stake in shares of FedEx during the 4th quarter valued at about $234,028,000. ACR Alpine Capital Research LLC raised its position in shares of FedEx by 62.9% during the 4th quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider's stock worth $239,909,000 after purchasing an additional 329,170 shares during the period. Franklin Resources Inc. grew its position in shares of FedEx by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after acquiring an additional 323,115 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC increased its stake in shares of FedEx by 22,317.0% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 322,580 shares of the shipping service provider's stock valued at $90,751,000 after purchasing an additional 321,141 shares during the period. Hedge funds and other institutional investors own 84.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FDX. UBS Group reduced their price target on shares of FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a research note on Friday, March 21st. BNP Paribas raised FedEx from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, January 16th. Oppenheimer reissued a "market perform" rating on shares of FedEx in a research report on Friday, March 21st. Cfra Research raised shares of FedEx to a "hold" rating in a research note on Thursday, March 20th. Finally, Raymond James decreased their price objective on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $300.63.

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Insiders Place Their Bets

In related news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the transaction, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.87% of the company's stock.

FedEx Trading Down 1.4 %

FDX stock traded down $2.97 during trading on Tuesday, hitting $207.48. The company had a trading volume of 411,719 shares, compared to its average volume of 1,771,914. The firm has a 50-day moving average price of $243.22 and a 200-day moving average price of $265.34. FedEx Co. has a 12 month low of $194.30 and a 12 month 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 stock has a market cap of $49.71 billion, a price-to-earnings ratio of 13.22, a PEG 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 the consensus estimate of $4.56 by ($0.05). The firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company's revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $3.86 EPS. As a group, analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.66%. The ex-dividend date was Monday, March 10th. FedEx's payout ratio is 34.63%.

FedEx 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.