927 Shares in FedEx Co. (NYSE:FDX) Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC acquired a new position in shares of FedEx Co. (NYSE:FDXFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 927 shares of the shipping service provider’s stock, valued at approximately $235,000.

Other large investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. increased its stake in FedEx by 143.2% during the fourth quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock worth $27,000 after acquiring an additional 63 shares during the last quarter. Planned Solutions Inc. bought a new stake in FedEx during the fourth quarter worth approximately $32,000. Baystate Wealth Management LLC grew its stake in shares of FedEx by 60.2% during the second quarter. Baystate Wealth Management LLC now owns 133 shares of the shipping service provider’s stock valued at $33,000 after buying an additional 50 shares during the last quarter. Global Wealth Management Investment Advisory Inc. bought a new position in shares of FedEx during the first quarter valued at approximately $35,000. Finally, RVW Wealth LLC bought a new position in shares of FedEx during the third quarter valued at approximately $40,000. 84.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on FDX. StockNews.com cut FedEx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 11th. The Goldman Sachs Group upped their target price on FedEx from $291.00 to $324.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. cut their target price on FedEx from $322.00 to $305.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 20th. Jefferies Financial Group upped their target price on FedEx from $265.00 to $300.00 and gave the company a “hold” rating in a research note on Friday, March 22nd. Finally, BMO Capital Markets increased their price objective on FedEx from $290.00 to $310.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $301.33.

Read Our Latest Research Report on FDX

FedEx Stock Performance

Shares of FDX opened at $278.49 on Thursday. FedEx Co. has a 12 month low of $213.80 and a 12 month high of $291.27. The stock has a fifty day moving average price of $252.49 and a 200-day moving average price of $253.15. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.76. The firm has a market cap of $68.53 billion, a PE ratio of 16.06, a P/E/G ratio of 1.33 and a beta of 1.21.

FedEx (NYSE:FDXGet Free Report) last issued its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 EPS for the quarter, beating the consensus estimate of $3.49 by $0.37. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.95 billion. During the same quarter in the prior year, the business posted $3.41 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. Equities research analysts predict that FedEx Co. will post 17.6 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were issued a dividend of $1.26 per share. The ex-dividend date was Friday, March 8th. This represents a $5.04 annualized dividend and a dividend yield of 1.81%. FedEx’s dividend payout ratio is presently 29.07%.

FedEx announced that its Board of Directors has authorized a stock repurchase program on Thursday, March 21st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the shipping service provider to repurchase up to 7.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, CEO Sriram Krishnasamy sold 354 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $289.19, for a total value of $102,373.26. Following the completion of the transaction, the chief executive officer now owns 11,147 shares in the company, valued at approximately $3,223,600.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Susan C. Schwab sold 6,145 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $288.02, for a total value of $1,769,882.90. Following the completion of the transaction, the director now owns 7,865 shares in the company, valued at approximately $2,265,277.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sriram Krishnasamy sold 354 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $289.19, for a total value of $102,373.26. Following the completion of the transaction, the chief executive officer now owns 11,147 shares of the company’s stock, valued at approximately $3,223,600.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,393 shares of company stock worth $5,581,475. Insiders own 8.73% of the company’s stock.

FedEx Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.