FedEx Co. (NYSE:FDX) is Wilsey Asset Management Inc.'s 9th Largest Position

Wilsey Asset Management Inc. boosted its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,113 shares of the shipping service provider's stock after purchasing an additional 2,193 shares during the quarter. FedEx comprises 5.6% of Wilsey Asset Management Inc.'s holdings, making the stock its 9th largest holding. Wilsey Asset Management Inc.'s holdings in FedEx were worth $30,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC raised its stake in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after buying an additional 52 shares during the last quarter. Evermay Wealth Management LLC raised its holdings in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock worth $26,000 after buying an additional 40 shares during the last quarter. Peoples Financial Services CORP. acquired a new stake in shares of FedEx during the fourth quarter worth $28,000. City Holding Co. purchased a new stake in shares of FedEx during the fourth quarter valued at $28,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of FedEx in the 3rd quarter valued at $31,000. 84.47% of the stock is currently owned by institutional investors.

Insider Transactions at FedEx

In other FedEx news, Director Amy B. Lane bought 333 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The stock was 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 directly owns 333 shares in the company, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the company'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 value of $1,100,271.00. Following the completion of the transaction, the director now directly owns 8,904 shares of the company's stock, 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. Corporate insiders own 8.87% of the company's stock.

FedEx Trading Up 0.2 %

FDX traded up $0.51 during mid-day trading on Thursday, hitting $263.16. 272,869 shares of the stock were exchanged, compared to its average volume of 1,671,180. 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 has a market cap of $63.38 billion, a PE ratio of 16.77, a PEG ratio of 1.07 and a beta of 1.18. The firm's fifty day moving average is $272.98 and its two-hundred day moving average is $279.56. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data 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 return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22 billion during the quarter, compared to analysts' expectations of $22.14 billion. During the same quarter last year, the business posted $3.99 EPS. The business's quarterly revenue was down .7% compared to the same quarter last year. Equities analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

Analyst Ratings Changes

FDX has been the subject of a number of research reports. Bank of America lifted their price target on FedEx from $325.00 to $348.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. BMO Capital Markets increased their target price on shares of FedEx from $300.00 to $330.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. Sanford C. Bernstein lowered FedEx from an "outperform" rating to a "market perform" rating and cut their price target for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Raymond James increased their price target on FedEx from $305.00 to $320.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. boosted their price target on FedEx from $370.00 to $372.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.87.

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.