Orca Wealth Management LLC Invests $324,000 in FedEx Co. (NYSE:FDX)

Orca Wealth Management LLC purchased a new position in FedEx Co. (NYSE:FDX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,151 shares of the shipping service provider's stock, valued at approximately $324,000.

A number of other large investors also recently modified their holdings of FDX. IVC Wealth Advisors LLC raised its stake in FedEx by 2.0% during the 3rd quarter. IVC Wealth Advisors LLC now owns 1,948 shares of the shipping service provider's stock valued at $533,000 after purchasing an additional 38 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in shares of FedEx by 3.0% during the third quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider's stock valued at $360,000 after buying an additional 38 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its stake in shares of FedEx by 4.0% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 1,020 shares of the shipping service provider's stock valued at $279,000 after buying an additional 39 shares during the period. Buckley Wealth Management LLC grew its position in FedEx by 1.0% during the third quarter. Buckley Wealth Management LLC now owns 3,975 shares of the shipping service provider's stock worth $1,088,000 after buying an additional 40 shares in the last quarter. Finally, Evermay Wealth Management LLC grew its position in FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock worth $26,000 after buying an additional 40 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on FDX shares. Wells Fargo & Company raised their price objective on FedEx from $305.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. TD Cowen raised their target price on FedEx from $328.00 to $337.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Stephens lowered their price target on shares of FedEx from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Friday, December 20th. Sanford C. Bernstein downgraded shares of FedEx from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. Finally, Stifel Nicolaus decreased their target price on shares of FedEx from $368.00 to $364.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $325.43.

Insider Transactions at FedEx

In other news, EVP John W. Dietrich purchased 1,000 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares of the company's stock, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Amy B. Lane acquired 333 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average price 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 approximately $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.

FedEx Trading Down 1.6 %

FDX stock traded down $4.28 during trading on Friday, hitting $264.96. The company had a trading volume of 2,341,237 shares, compared to its average volume of 1,610,918. The firm has a 50-day moving average price of $280.32 and a 200-day moving average price of $282.72. FedEx Co. has a 12 month low of $234.45 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 $63.82 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.14 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts' consensus estimates of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.99 earnings per share. As a group, analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Monday, December 9th. FedEx's dividend payout ratio (DPR) is presently 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.