FedEx Co. (NYSE:FDX) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its stake in FedEx Co. (NYSE:FDX) by 75.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,933 shares of the shipping service provider’s stock after buying an additional 831 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in FedEx were worth $544,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FDX. Fortitude Family Office LLC lifted its holdings 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 valued at $25,000 after buying an additional 52 shares during the period. Peoples Financial Services CORP. acquired a new position in FedEx in the 4th quarter worth about $28,000. City Holding Co. acquired a new position in FedEx in the 4th quarter worth about $28,000. Kentucky Trust Co acquired a new position in FedEx in the 4th quarter worth about $28,000. Finally, Activest Wealth Management acquired a new position in FedEx in the 4th quarter worth about $29,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. TD Cowen reduced their price target on FedEx from $337.00 to $310.00 and set a “buy” rating for the company in a report on Friday. Wells Fargo & Company reduced their price target on FedEx from $275.00 to $260.00 and set an “equal weight” rating for the company in a report on Friday. Barclays reduced their price target on FedEx from $365.00 to $350.00 and set an “overweight” rating for the company in a report on Friday. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus reduced their target price on FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $301.67.

FedEx Trading Down 6.5 %

Shares of FedEx stock opened at $230.25 on Friday. The firm has a market capitalization of $55.46 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.11 and a beta of 1.23. FedEx Co. has a fifty-two week low of $217.22 and a fifty-two 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. The stock has a 50 day moving average of $259.95 and a 200 day moving average of $272.49.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22.16 billion during the quarter, compared to analysts’ expectations of $21.96 billion. During the same quarter in the previous year, the company posted $3.86 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is 35.18%.

Insiders Place Their Bets

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the transaction, the chief executive officer now owns 111,886 shares in the company, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is owned by insiders.

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.