Massmutual Trust Co. FSB ADV Buys 729 Shares of FedEx Co. (NYSE:FDX)

Massmutual Trust Co. FSB ADV increased its holdings in FedEx Co. (NYSE:FDX) by 4.8% in the 2nd quarter, Holdings Channel reports. The fund owned 15,823 shares of the shipping service provider’s stock after buying an additional 729 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in FedEx were worth $4,744,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Fortis Group Advisors LLC boosted its position in shares of FedEx by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of FedEx in the fourth quarter valued at about $25,000. Private Wealth Management Group LLC purchased a new position in FedEx during the fourth quarter valued at $28,000. Rakuten Securities Inc. bought a new stake in FedEx in the 4th quarter worth approximately $30,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of FedEx during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Activity at FedEx

In other FedEx news, EVP Brie Carere sold 1,958 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the completion of the sale, the executive vice president now directly owns 19,937 shares in the company, valued at approximately $6,189,042.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Brie Carere sold 1,958 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the sale, the executive vice president now owns 19,937 shares of the company’s stock, valued at $6,189,042.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David P. Steiner sold 1,369 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $297.71, for a total transaction of $407,564.99. Following the completion of the sale, the director now owns 35,183 shares in the company, valued at $10,474,330.93. The disclosure for this sale can be found here. Insiders sold a total of 32,944 shares of company stock worth $9,882,355 in the last three months. Company insiders own 8.73% of the company’s stock.

FedEx Stock Down 3.2 %

FDX stock traded down $9.30 during trading on Monday, hitting $283.00. 2,683,986 shares of the company’s stock traded hands, compared to its average volume of 1,900,399. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $69.64 billion, a P/E ratio of 16.96, a PEG ratio of 1.08 and a beta of 1.18. FedEx Co. has a 1 year low of $224.69 and a 1 year high of $313.84. The business has a fifty day simple moving average of $277.79 and a two-hundred day simple moving average of $264.32.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.34 by $0.07. The business had revenue of $22.11 billion during the quarter, compared to the consensus estimate of $22.04 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $4.94 earnings per share. Sell-side analysts anticipate that FedEx Co. will post 20.94 EPS for the current year.

FedEx Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, June 24th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from FedEx’s previous quarterly dividend of $1.26. FedEx’s dividend payout ratio (DPR) is presently 32.04%.

Wall Street Analysts Forecast Growth

FDX has been the topic of several analyst reports. Morgan Stanley boosted their price objective on FedEx from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 26th. Argus increased their price target on FedEx from $325.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, June 27th. UBS Group dropped their price objective on shares of FedEx from $340.00 to $333.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Oppenheimer restated a “market perform” rating on shares of FedEx in a report on Wednesday, June 26th. Finally, Robert W. Baird increased their price objective on shares of FedEx from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $314.00.

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.