Pines Wealth Management LLC Invests $1.91 Million in FedEx Co. (NYSE:FDX)

Pines Wealth Management LLC purchased a new stake in shares of FedEx Co. (NYSE:FDX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,042 shares of the shipping service provider's stock, valued at approximately $1,906,000. FedEx makes up about 0.8% of Pines Wealth Management LLC's investment portfolio, making the stock its 28th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of FedEx in the third quarter valued at about $3,405,000. Czech National Bank increased its position in FedEx by 6.4% during the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider's stock valued at $12,564,000 after purchasing an additional 2,767 shares during the period. Magnolia Capital Advisors LLC bought a new position in FedEx during the 2nd quarter worth approximately $9,226,000. Persium Advisors LLC acquired a new position in shares of FedEx in the 4th quarter worth approximately $530,000. Finally, Raymond James & Associates boosted its stake in shares of FedEx by 6.9% in the 3rd quarter. Raymond James & Associates now owns 485,698 shares of the shipping service provider's stock valued at $132,926,000 after purchasing an additional 31,241 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Susan C. Schwab sold 3,980 shares of FedEx 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 completion of the sale, the director now owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane acquired 333 shares of the company's stock in a transaction on Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares of the company's stock, valued at approximately $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 owned by insiders.

FedEx Stock Down 0.1 %

Shares of FDX traded down $0.22 during trading hours on Wednesday, reaching $277.40. 696,350 shares of the stock traded hands, compared to its average volume of 1,383,894. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $283.89 and a 200 day simple moving average of $284.31. The company has a market cap of $66.81 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.18 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last announced 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 firm had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The company's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.99 EPS. On average, equities analysts forecast that FedEx Co. will post 19.59 EPS for the current year.

FedEx Announces Dividend

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 dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Monday, December 9th. FedEx's payout ratio is 35.18%.

Wall Street Analyst Weigh In

FDX has been the topic of several recent analyst reports. Loop Capital upgraded shares of FedEx from a "hold" rating to a "buy" rating and boosted their target price for the company from $288.00 to $365.00 in a report on Friday, December 20th. StockNews.com raised FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. UBS Group raised their target price on FedEx from $311.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Evercore ISI dropped their price target on FedEx from $335.00 to $318.00 and set an "outperform" rating on the stock in a research note on Friday, September 20th. Finally, Bernstein Bank raised their price objective on shares of FedEx from $305.00 to $337.00 and gave the stock an "overweight" rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, FedEx has an average rating of "Moderate Buy" and a consensus price target 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.