Synergy Investment Management LLC Makes New $356,000 Investment in FedEx Co. (NYSE:FDX)

Synergy Investment Management LLC purchased a new stake in FedEx Co. (NYSE:FDX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,265 shares of the shipping service provider's stock, valued at approximately $356,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position in shares of FedEx by 21.7% in the third quarter. Farther Finance Advisors LLC now owns 1,669 shares of the shipping service provider's stock worth $457,000 after purchasing an additional 298 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in FedEx by 3.2% during the third quarter. Chicago Partners Investment Group LLC now owns 1,639 shares of the shipping service provider's stock worth $439,000 after acquiring an additional 51 shares in the last quarter. Princeton Global Asset Management LLC raised its position in FedEx by 59.2% during the third quarter. Princeton Global Asset Management LLC now owns 796 shares of the shipping service provider's stock worth $218,000 after acquiring an additional 296 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in FedEx during the third quarter worth $47,000. Finally, Robeco Institutional Asset Management B.V. raised its position in FedEx by 62.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 44,760 shares of the shipping service provider's stock worth $12,250,000 after acquiring an additional 17,129 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Down 4.4 %

FDX stock traded down $11.33 on Tuesday, reaching $247.45. 2,333,824 shares of the company traded hands, compared to its average volume of 1,665,810. FedEx Co. has a one year low of $242.92 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The company has a market cap of $59.60 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. The firm has a fifty day simple moving average of $268.09 and a 200-day simple moving average of $276.88.

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, beating analysts' consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same quarter last year, the company earned $3.99 EPS. The firm's revenue for the quarter was down .7% on a year-over-year basis. Research analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 2.23%. FedEx's dividend payout ratio (DPR) is currently 35.18%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FDX. Sanford C. Bernstein lowered shares of FedEx from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Bank of America increased their price objective on shares of FedEx from $325.00 to $348.00 and gave the company a "buy" rating in a research report on Friday, December 20th. StockNews.com raised shares of FedEx from a "hold" rating to a "buy" rating in a research report on Friday, December 20th. UBS Group increased their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus dropped their price objective on shares of FedEx from $368.00 to $364.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, FedEx presently has an average rating of "Moderate Buy" and an average price target of $319.74.

Insider Transactions at FedEx

In related news, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now directly owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company's stock.

FedEx 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.