FedEx Co. (NYSE:FDX) Shares Acquired by Portfolio Design Labs LLC

Portfolio Design Labs LLC grew its position in FedEx Co. (NYSE:FDX) by 29.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,347 shares of the shipping service provider’s stock after acquiring an additional 2,108 shares during the quarter. Portfolio Design Labs LLC’s holdings in FedEx were worth $2,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Edmp Inc. boosted its holdings in shares of FedEx by 1.6% in the fourth quarter. Edmp Inc. now owns 4,964 shares of the shipping service provider’s stock valued at $1,397,000 after acquiring an additional 80 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $76,000. Violich Capital Management Inc. boosted its holdings in shares of FedEx by 36.0% in the fourth quarter. Violich Capital Management Inc. now owns 6,895 shares of the shipping service provider’s stock valued at $1,940,000 after acquiring an additional 1,825 shares during the period. Panoramic Capital Partners LLC acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $229,000. Finally, Arlington Trust Co LLC lifted its holdings in shares of FedEx by 46.8% during the fourth quarter. Arlington Trust Co LLC now owns 953 shares of the shipping service provider’s stock worth $268,000 after purchasing an additional 304 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Up 1.2 %

Shares of FDX stock opened at $261.30 on Wednesday. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The stock has a market cap of $62.93 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.07 and a beta of 1.18. The business has a fifty day simple moving average of $273.81 and a 200-day simple moving average of $279.95. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating 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 analysts’ expectations of $22.14 billion. During the same quarter last year, the business posted $3.99 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio is presently 35.18%.

Insider Buying and Selling

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now directly owns 8,904 shares in the company, 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. 8.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on FDX. Stephens decreased their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. Stifel Nicolaus decreased their price target on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. TD Cowen increased their price target on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Barclays increased their price target on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. increased their price target on FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $321.87.

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.