Kavar Capital Partners Group LLC Increases Holdings in FedEx Co. (NYSE:FDX)

Kavar Capital Partners Group LLC raised its stake in FedEx Co. (NYSE:FDX) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,926 shares of the shipping service provider’s stock after acquiring an additional 247 shares during the period. Kavar Capital Partners Group LLC’s holdings in FedEx were worth $4,199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FDX. Fortitude Family Office LLC increased its stake in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after purchasing an additional 52 shares in the last quarter. Evermay Wealth Management LLC increased its position in shares of FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after acquiring an additional 40 shares in the last quarter. Peoples Financial Services CORP. purchased a new position in FedEx in the 4th quarter worth approximately $28,000. City Holding Co. bought a new position in FedEx in the 4th quarter valued at approximately $28,000. Finally, FNY Investment Advisers LLC boosted its stake in FedEx by 177.5% during the 4th quarter. FNY Investment Advisers LLC now owns 111 shares of the shipping service provider’s stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FedEx

In other news, Director Amy B. Lane acquired 333 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the 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 transaction, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

FedEx Stock Performance

Shares of NYSE FDX opened at $273.12 on Monday. The stock has a market cap of $65.78 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The firm has a fifty day moving average price of $281.64 and a 200-day moving average price of $283.13. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping 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 business had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same quarter in the prior year, the business posted $3.99 EPS. FedEx’s revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 2.02%. FedEx’s payout ratio is 35.18%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Loop Capital upgraded FedEx from a “hold” rating to a “buy” rating and boosted their price target for the stock from $288.00 to $365.00 in a research note on Friday, December 20th. Raymond James upped their target price on shares of FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Barclays raised their price target on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Bank of America raised their target price on shares of FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average price target of $325.43.

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.