Stifel Financial Corp Increases Stock Holdings in FedEx Co. (NYSE:FDX)

Stifel Financial Corp grew its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,818 shares of the shipping service provider's stock after purchasing an additional 5,913 shares during the period. Stifel Financial Corp owned about 0.10% of FedEx worth $69,441,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FDX. Fortitude Family Office LLC increased its position in shares of FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after acquiring an additional 52 shares during the period. Transce3nd LLC purchased a new stake in FedEx during the 4th quarter worth about $26,000. Peoples Financial Services CORP. acquired a new stake in FedEx in the 4th quarter valued at about $28,000. City Holding Co. purchased a new position in shares of FedEx in the 4th quarter valued at about $28,000. Finally, Kentucky Trust Co acquired a new position in shares of FedEx during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Up 0.7 %

FDX stock opened at $206.63 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The company's 50-day moving average price is $236.77 and its 200 day moving average price is $262.84. FedEx Co. has a 52 week low of $194.30 and a 52 week high of $313.84. The company has a market cap of $49.51 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.11 and a beta of 1.24.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.86 EPS. On average, research analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.67%. FedEx's payout ratio is 34.63%.

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 stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. The trade was a 20.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FDX. UBS Group reduced their target price on shares of FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a report on Friday, March 21st. TD Cowen decreased their price objective on shares of FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Barclays decreased their price target on FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a report on Friday, March 21st. Cfra Research upgraded FedEx to a "hold" rating in a report on Thursday, March 20th. Finally, Jefferies Financial Group upgraded FedEx from a "hold" rating to a "buy" rating and decreased their target price for the stock from $300.00 to $275.00 in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $298.96.

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.

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