DMKC Advisory Services LLC Makes New $2.02 Million Investment in FedEx Co. (NYSE:FDX)

DMKC Advisory Services LLC acquired a new stake in shares of FedEx Co. (NYSE:FDX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 7,165 shares of the shipping service provider’s stock, valued at approximately $2,016,000. FedEx makes up approximately 1.8% of DMKC Advisory Services LLC’s holdings, making the stock its 19th largest position.

A number of other hedge funds also recently made changes to their positions in FDX. bLong Financial LLC bought a new stake in FedEx during the fourth quarter worth about $391,000. Virtu Financial LLC purchased a new position in shares of FedEx during the 3rd quarter valued at about $3,405,000. Lodestone Wealth Management LLC bought a new stake in FedEx in the 4th quarter worth approximately $461,000. Wedmont Private Capital boosted its stake in FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after buying an additional 91 shares in the last quarter. Finally, GFS Advisors LLC bought a new position in FedEx during the fourth quarter valued at approximately $26,855,000. 84.47% of the stock is owned by institutional investors.

Insider Activity at FedEx

In related news, EVP John W. Dietrich acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the acquisition, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Amy B. Lane bought 333 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the acquisition, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. The trade was a ? increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FDX. Raymond James lowered shares of FedEx from an “outperform” rating to a “market perform” rating in a report on Monday, February 3rd. Bank of America upped their price target on shares of FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. TD Cowen lifted their price objective on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Wells Fargo & Company boosted their target price on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Finally, Stifel Nicolaus reduced their price target on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $321.87.

FedEx Stock Performance

FedEx stock opened at $256.31 on Wednesday. FedEx Co. has a fifty-two week low of $239.07 and a fifty-two week high of $313.84. The stock has a market cap of $61.73 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.11 and a beta of 1.18. The stock’s 50 day simple moving average is $269.72 and its two-hundred day simple moving average is $277.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23.

FedEx (NYSE:FDX) last posted its quarterly earnings data 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 company had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same quarter last year, the company earned $3.99 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is 35.18%.

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.