FedEx Co. (NYSE:FDX) Shares Purchased by Bath Savings Trust Co


Share on StockTwits

Bath Savings Trust Co grew its stake in shares of FedEx Co. (NYSE:FDX) by 15.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,085 shares of the shipping service provider’s stock after acquiring an additional 145 shares during the quarter. Bath Savings Trust Co’s holdings in FedEx were worth $282,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont grew its holdings in FedEx by 2.2% in the third quarter. Trust Co. of Vermont now owns 1,764 shares of the shipping service provider’s stock valued at $444,000 after purchasing an additional 38 shares during the period. Holderness Investments Co. grew its position in FedEx by 0.6% in the 3rd quarter. Holderness Investments Co. now owns 5,891 shares of the shipping service provider’s stock valued at $1,482,000 after buying an additional 38 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in FedEx by 1.4% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,780 shares of the shipping service provider’s stock valued at $699,000 after buying an additional 39 shares during the period. IHT Wealth Management LLC raised its position in shares of FedEx by 1.8% during the 3rd quarter. IHT Wealth Management LLC now owns 2,324 shares of the shipping service provider’s stock worth $584,000 after buying an additional 40 shares in the last quarter. Finally, Crewe Advisors LLC lifted its stake in shares of FedEx by 11.3% in the 3rd quarter. Crewe Advisors LLC now owns 445 shares of the shipping service provider’s stock worth $112,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 68.36% of the company’s stock.

In related news, EVP Mark R. Allen sold 13,065 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $261.04, for a total transaction of $3,410,487.60. Following the transaction, the executive vice president now owns 42,324 shares of the company’s stock, valued at $11,048,256.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jill Brannon sold 3,795 shares of FedEx stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $290.00, for a total transaction of $1,100,550.00. Following the completion of the sale, the executive vice president now owns 9,306 shares of the company’s stock, valued at $2,698,740. The disclosure for this sale can be found here. Insiders sold 42,643 shares of company stock worth $11,567,579 in the last 90 days. Corporate insiders own 8.49% of the company’s stock.

FDX has been the topic of several recent analyst reports. ValuEngine cut FedEx from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 22nd. BMO Capital Markets upped their price objective on FedEx from $220.00 to $265.00 and gave the company a “market perform” rating in a report on Wednesday, September 16th. Raymond James lifted their target price on FedEx from $280.00 to $305.00 and gave the stock an “outperform” rating in a report on Friday, December 18th. Argus boosted their price target on shares of FedEx from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, December 30th. Finally, The Goldman Sachs Group set a $356.00 price objective on shares of FedEx and gave the company a “buy” rating in a research report on Wednesday, December 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $312.00.

NYSE FDX opened at $252.22 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.76 and a quick ratio of 1.71. The firm has a market capitalization of $66.86 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.33 and a beta of 1.34. The company has a 50 day simple moving average of $274.18 and a 200-day simple moving average of $237.45. FedEx Co. has a 52-week low of $88.69 and a 52-week high of $305.66.

FedEx (NYSE:FDX) last released its earnings results on Wednesday, December 16th. The shipping service provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.82. FedEx had a net margin of 3.28% and a return on equity of 18.65%. The company had revenue of $20.56 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same quarter in the prior year, the firm earned $2.51 EPS. The company’s revenue was up 18.7% compared to the same quarter last year. On average, analysts predict that FedEx Co. will post 17.02 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 28th. Investors of record on Monday, December 14th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, December 11th. This represents a $2.60 dividend on an annualized basis and a yield of 1.03%. FedEx’s payout ratio is 27.37%.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. Its FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment offers business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

Featured Story: How Investors Use a Balance Sheet

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX).

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.