Busey Bank Buys 196 Shares of FedEx Co. (NYSE:FDX)

Busey Bank raised its stake in shares of FedEx Co. (NYSE:FDX) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,044 shares of the shipping service provider’s stock after buying an additional 196 shares during the quarter. Busey Bank’s holdings in FedEx were worth $5,920,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FDX. Fortitude Family Office LLC raised its position in shares of FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares during the last quarter. Evermay Wealth Management LLC raised its holdings in 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. bought a new position in shares of FedEx in the fourth quarter worth approximately $28,000. City Holding Co. purchased a new stake in shares of FedEx during the fourth quarter valued at approximately $28,000. Finally, R Squared Ltd bought a new stake in shares of FedEx during the fourth quarter valued at approximately $31,000. 84.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Bank of America increased their target price on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Stifel Nicolaus dropped their price objective on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. TD Cowen boosted their target price on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Wells Fargo & Company raised their price target on shares of FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Finally, Raymond James increased their price objective on shares of FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has issued 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 $325.43.

FedEx Stock Down 1.2 %

NYSE FDX opened at $275.34 on Thursday. The stock’s 50 day moving average is $281.09 and its 200 day moving average is $282.86. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The stock has a market cap of $66.32 billion, a PE ratio of 17.55, a P/E/G ratio of 1.12 and a beta of 1.20.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.17. The business had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.99 EPS. Research analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

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 dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 2.00%. FedEx’s dividend payout ratio (DPR) is 35.18%.

Insider Transactions at FedEx

In related news, EVP John W. Dietrich bought 1,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average price of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amy B. Lane bought 333 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

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.