Mcdaniel Terry & Co. Grows Stock Position in FedEx Co. (NYSE:FDX)

Mcdaniel Terry & Co. increased its holdings in FedEx Co. (NYSE:FDX - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,058 shares of the shipping service provider's stock after purchasing an additional 1,877 shares during the period. FedEx accounts for 2.8% of Mcdaniel Terry & Co.'s holdings, making the stock its 14th biggest holding. Mcdaniel Terry & Co.'s holdings in FedEx were worth $33,776,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FDX. International Assets Investment Management LLC increased its position in shares of FedEx by 473.8% during the 3rd quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider's stock valued at $2,147,540,000 after purchasing an additional 647,926 shares during the last quarter. Bryn Mawr Capital Management LLC increased its position in shares of FedEx by 22,317.0% during the 4th 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 last quarter. Franklin Resources Inc. increased its position in shares of FedEx by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock valued at $1,042,050,000 after purchasing an additional 314,380 shares during the last quarter. KBC Group NV increased its position in shares of FedEx by 197.4% during the 4th quarter. KBC Group NV now owns 341,390 shares of the shipping service provider's stock valued at $96,043,000 after purchasing an additional 226,608 shares during the last quarter. Finally, World Investment Advisors LLC increased its position in shares of 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 valued at $52,667,000 after purchasing an additional 183,940 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FDX. BMO Capital Markets boosted their target price on FedEx from $300.00 to $330.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. Sanford C. Bernstein downgraded FedEx from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Stifel Nicolaus cut their price objective on FedEx from $368.00 to $364.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Raymond James upped their price objective on FedEx from $305.00 to $320.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Finally, Bank of America upped their price objective on FedEx from $325.00 to $348.00 and gave the company a "buy" rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.87.

Insider Buying and Selling at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares in the company, valued at $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by company insiders.

FedEx Stock Down 5.4 %

Shares of NYSE FDX traded down $14.49 during mid-day trading on Friday, reaching $253.97. 4,329,771 shares of the company were exchanged, compared to its average volume of 1,697,695. 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 $61.17 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.10 and a beta of 1.18. FedEx Co. has a 1 year low of $239.07 and a 1 year high of $313.84. The firm has a 50-day moving average of $271.34 and a 200 day moving average of $278.38.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts' consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion during the quarter, compared to analysts' expectations of $22.14 billion. During the same period last year, the business posted $3.99 earnings per share. The firm's revenue was down .7% compared to the same quarter last year. On average, research analysts expect 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 will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, March 10th. FedEx's dividend payout ratio (DPR) is presently 35.18%.

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.