Colonial Trust Advisors Buys 721 Shares of FedEx Co. (NYSE:FDX)

Colonial Trust Advisors raised its stake in FedEx Co. (NYSE:FDX) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,100 shares of the shipping service provider’s stock after acquiring an additional 721 shares during the period. Colonial Trust Advisors’ holdings in FedEx were worth $6,780,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FDX. Fortitude Family Office LLC lifted its stake in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after buying an additional 52 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $28,000. City Holding Co. acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $28,000. Kentucky Trust Co acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $28,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $28,000. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling

In other news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated 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 transaction, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Alan Smith sold 6,155 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now directly owns 23,347 shares of the company’s stock, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by company insiders.

FedEx Trading Up 10.0 %

Shares of FedEx stock opened at $217.96 on Thursday. The firm has a 50-day moving average of $245.77 and a 200-day moving average of $266.56. The stock has a market cap of $52.22 billion, a PE ratio of 13.89, a PEG ratio of 1.11 and a beta of 1.24. FedEx Co. has a 52-week low of $194.30 and a 52-week high of $313.84. 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 announced its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.86 EPS. As a group, sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.53%. FedEx’s dividend payout ratio is 34.63%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FDX shares. Jefferies Financial Group upgraded shares of FedEx from a “hold” rating to a “buy” rating and lowered their price objective for the company from $300.00 to $275.00 in a report on Monday, March 24th. UBS Group lowered their price objective on shares of FedEx from $350.00 to $331.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Loop Capital downgraded shares of FedEx from a “hold” rating to a “sell” rating and lowered their price objective for the company from $283.00 to $221.00 in a report on Friday, March 21st. Truist Financial initiated coverage on shares of FedEx in a report on Thursday, March 13th. They set a “buy” rating and a $305.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on shares of FedEx from $275.00 to $260.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $300.63.

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.