Horrell Capital Management Inc. Purchases 76 Shares of FedEx Co. (NYSE:FDX)

Horrell Capital Management Inc. boosted its position in shares of FedEx Co. (NYSE:FDX) by 0.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 26,675 shares of the shipping service provider’s stock after acquiring an additional 76 shares during the period. FedEx makes up about 2.2% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 12th largest position. Horrell Capital Management Inc.’s holdings in FedEx were worth $7,504,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its holdings in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares in the last quarter. Peoples Financial Services CORP. bought a new position in FedEx during the 4th quarter worth about $28,000. City Holding Co. bought a new position in FedEx during the 4th quarter worth about $28,000. Kentucky Trust Co bought a new position in FedEx during the 4th quarter worth about $28,000. Finally, Activest Wealth Management bought a new position in FedEx during the 4th quarter worth about $29,000. Institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

FDX has been the subject of a number of research reports. Raymond James lowered their target price on FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Friday. Stifel Nicolaus decreased their price objective on FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a report on Friday. Bank of America decreased their price objective on FedEx from $295.00 to $272.00 and set a “buy” rating for the company in a report on Friday. BMO Capital Markets decreased their price objective on FedEx from $330.00 to $275.00 and set a “market perform” rating for the company in a report on Friday. Finally, Oppenheimer restated a “market perform” rating on shares of FedEx in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.67.

FedEx Trading Down 6.5 %

Shares of FDX stock opened at $230.25 on Monday. The firm has a 50 day moving average price of $259.95 and a two-hundred day moving average price of $272.35. 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 company has a market capitalization of $55.46 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. FedEx Co. has a 12-month low of $217.22 and a 12-month high of $313.84.

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

FedEx Announces Dividend

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

Insider Activity

In other news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction that occurred 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 directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the sale, the chief executive officer now owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. The trade was 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 company insiders.

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.