R.H. Investment Group LLC Makes New Investment in FedEx Co. (NYSE:FDX)

R.H. Investment Group LLC bought a new stake in shares of FedEx Co. (NYSE:FDX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,041 shares of the shipping service provider's stock, valued at approximately $4,513,000. FedEx comprises about 4.3% of R.H. Investment Group LLC's holdings, making the stock its 11th largest position.

Other institutional investors have also bought and sold shares of the company. IVC Wealth Advisors LLC increased its position in shares of 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 boosted its stake in FedEx by 3.0% in the third quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider's stock worth $360,000 after buying an additional 38 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its position in FedEx by 4.0% during 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 acquiring an additional 39 shares during the last quarter. Buckley Wealth Management LLC raised its stake in shares of 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 acquiring an additional 40 shares in the last quarter. Finally, Evermay Wealth Management LLC lifted its holdings in shares of FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FDX shares. Robert W. Baird reduced their target price on shares of FedEx from $340.00 to $320.00 and set an "outperform" rating on the stock in a report on Friday, September 20th. StockNews.com upgraded FedEx from a "hold" rating to a "buy" rating in a report on Friday, December 20th. TD Cowen boosted their target price on FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Wells Fargo & Company raised their price target on FedEx from $305.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. Finally, Stephens lowered their price objective on FedEx from $350.00 to $345.00 and set an "overweight" rating for the company in a research report on Friday, December 20th. Two 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $325.61.

Insider Buying and Selling

In other news, Director Amy B. Lane bought 333 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. The trade was a 30.89 % 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 0.4 %

FDX traded down $1.00 during trading on Wednesday, reaching $276.62. The stock had a trading volume of 1,847,891 shares, compared to its average volume of 1,515,802. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The company has a market capitalization of $66.62 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 1.18 and a beta of 1.20. 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's 50 day moving average is $283.89 and its two-hundred day moving average is $284.31.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same period last year, the business earned $3.99 EPS. FedEx's quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts expect that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a $1.38 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. FedEx's dividend payout ratio is currently 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.