Strategic Financial Concepts LLC Purchases New Position in FedEx Co. (NYSE:FDX)

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

Several other hedge funds have also modified their holdings of FDX. Fortitude Family Office LLC increased its holdings in shares of FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after buying an additional 52 shares during the last quarter. Evermay Wealth Management LLC raised its position in FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock valued at $26,000 after purchasing an additional 40 shares during the period. Peoples Financial Services CORP. acquired a new position in shares of FedEx in the 4th quarter valued at $28,000. City Holding Co. purchased a new position in shares of FedEx during the 4th quarter worth $28,000. Finally, Kentucky Trust Co acquired a new stake in shares of FedEx during the 4th quarter worth about $28,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of FedEx from $300.00 to $330.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. TD Cowen increased their target price on FedEx from $328.00 to $337.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. UBS Group lifted their target price on FedEx from $311.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Citigroup increased their price target on shares of FedEx from $301.00 to $331.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Finally, BNP Paribas upgraded shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $321.87.

Insider Transactions at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares of the company's stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now directly owns 111,886 shares of the company's stock, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by insiders.

FedEx Stock Down 0.2 %

Shares of FDX traded down $0.44 on Wednesday, hitting $267.02. The company's stock had a trading volume of 957,162 shares, compared to its average volume of 1,646,402. The firm has a market capitalization of $64.31 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 1.11 and a beta of 1.18. FedEx Co. has a fifty-two week low of $235.32 and a fifty-two week 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 firm's fifty day moving average price is $271.93 and its 200-day moving average price is $278.53.

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, beating the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same period in the previous year, the business earned $3.99 EPS. The company's revenue was down .7% compared to the same quarter last year. On average, equities research analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.07%. FedEx's dividend payout ratio (DPR) is 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.