Strategic Financial Concepts LLC Acquires Shares of 46,575 FedEx Co. (NYSE:FDX)

Strategic Financial Concepts LLC acquired a new position in shares of FedEx Co. (NYSE:FDX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,575 shares of the shipping service provider's stock, valued at approximately $13,103,000.

Several other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in FedEx by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider's stock valued at $1,281,335,000 after buying an additional 67,502 shares in the last quarter. Franklin Resources Inc. boosted its stake in FedEx by 8.6% in 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 buying an additional 314,380 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in FedEx by 0.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider's stock valued at $465,031,000 after buying an additional 11,100 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in FedEx by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider's stock valued at $397,267,000 after buying an additional 13,093 shares in the last quarter. Finally, Sentry LLC boosted its stake in FedEx by 0.4% in the 4th quarter. Sentry LLC now owns 1,217,117 shares of the shipping service provider's stock valued at $342,412,000 after buying an additional 5,404 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Trading Up 0.7 %

NYSE:FDX traded up $1.70 on Wednesday, reaching $262.96. The company's stock had a trading volume of 1,952,736 shares, compared to its average volume of 1,722,544. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The firm has a market cap of $63.33 billion, a PE ratio of 16.76, a PEG ratio of 1.07 and a beta of 1.18. The business's 50-day moving average price is $273.38 and its two-hundred day moving average price is $279.68.

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

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 2.10%. FedEx's dividend payout ratio is currently 35.18%.

Analyst Ratings Changes

Several analysts recently commented on the company. Stephens decreased their price target on FedEx from $350.00 to $345.00 and set an "overweight" rating on the stock in a research note on Friday, December 20th. Barclays lifted their price objective on FedEx from $350.00 to $365.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Citigroup lifted their price objective on FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. BNP Paribas upgraded FedEx from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, January 16th. Finally, StockNews.com upgraded FedEx from a "hold" rating to 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 issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, FedEx presently has an average rating of "Moderate Buy" and a consensus target price of $321.87.

Insider Transactions at FedEx

In related news, EVP John W. Dietrich purchased 1,000 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares of the company's stock, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy B. Lane purchased 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the transaction, the director now directly owns 333 shares of the company's stock, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by insiders.

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.