Stonebridge Financial Group LLC Takes Position in FedEx Co. (NYSE:FDX)

Stonebridge Financial Group LLC acquired a new position in FedEx Co. (NYSE:FDX) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 269 shares of the shipping service provider’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its stake 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 acquiring an additional 52 shares during the period. Evermay Wealth Management LLC raised its holdings in FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in FedEx in the fourth quarter worth approximately $28,000. City Holding Co. bought a new position in FedEx during the 4th quarter valued at $28,000. Finally, Activest Wealth Management acquired a new position in shares of FedEx during the 4th quarter valued at $29,000. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 0.7 %

FedEx stock opened at $262.96 on Thursday. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market cap of $63.33 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.07 and a beta of 1.18. The company’s fifty day simple moving average is $273.38 and its 200-day simple moving average is $279.68.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS 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 firm had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the previous year, the company posted $3.99 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm 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 annualized dividend and a yield of 2.10%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is presently 35.18%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FDX shares. Bank of America upped their price objective on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a report on Friday, December 20th. Stifel Nicolaus reduced their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. BMO Capital Markets boosted their target price on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Stephens reduced their target price on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. Finally, TD Cowen raised their price objective on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has given 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 target price of $321.87.

Insider Buying and Selling at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction 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 completion of the sale, the director now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John W. Dietrich purchased 1,000 shares of FedEx stock in a transaction on Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

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.