FedEx Co. (NYSE:FDX) Holdings Raised by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC lifted its stake in shares of FedEx Co. (NYSE:FDXFree Report) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,727 shares of the shipping service provider’s stock after acquiring an additional 46 shares during the period. Integrated Investment Consultants LLC’s holdings in FedEx were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. raised its position in FedEx by 143.2% in the fourth quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock worth $27,000 after acquiring an additional 63 shares in the last quarter. Planned Solutions Inc. bought a new stake in FedEx in the fourth quarter worth about $32,000. Baystate Wealth Management LLC increased its stake in FedEx by 60.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 133 shares of the shipping service provider’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. RVW Wealth LLC acquired a new stake in FedEx during the 3rd quarter worth about $40,000. Finally, Venturi Wealth Management LLC raised its holdings in FedEx by 42.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the shipping service provider’s stock worth $40,000 after buying an additional 45 shares during the period. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

FedEx stock traded up $1.98 during trading hours on Wednesday, reaching $277.27. 154,880 shares of the company were exchanged, compared to its average volume of 2,162,023. FedEx Co. has a 12 month low of $213.80 and a 12 month high of $291.27. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.76. The firm has a market cap of $68.23 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.33 and a beta of 1.21. The stock has a 50-day moving average of $252.00 and a 200 day moving average of $253.00.

FedEx (NYSE:FDXGet Free Report) last issued its earnings results on Thursday, March 21st. The shipping service provider reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.37. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.95 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. FedEx’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.41 earnings per share. As a group, research analysts anticipate that FedEx Co. will post 17.6 earnings per share for the current year.

FedEx declared that its Board of Directors has initiated a share buyback program on Thursday, March 21st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the shipping service provider to buy up to 7.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $5.04 annualized dividend and a yield of 1.82%. FedEx’s dividend payout ratio is currently 29.07%.

Insiders Place Their Bets

In other FedEx news, VP Guy M. Erwin II sold 2,749 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $289.11, for a total transaction of $794,763.39. Following the completion of the transaction, the vice president now directly owns 486 shares in the company, valued at $140,507.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Susan C. Schwab sold 6,145 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $288.02, for a total value of $1,769,882.90. Following the transaction, the director now owns 7,865 shares in the company, valued at $2,265,277.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Guy M. Erwin II sold 2,749 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $289.11, for a total value of $794,763.39. Following the transaction, the vice president now owns 486 shares in the company, valued at approximately $140,507.46. The disclosure for this sale can be found here. Insiders sold 19,393 shares of company stock worth $5,581,475 over the last three months. 8.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on FDX shares. Morgan Stanley boosted their price objective on FedEx from $195.00 to $210.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. Melius Research upgraded FedEx from a “hold” rating to a “buy” rating and set a $310.00 price objective on the stock in a report on Monday, January 8th. Robert W. Baird boosted their price objective on FedEx from $315.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. TD Cowen boosted their price objective on FedEx from $293.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, Stifel Nicolaus cut their price objective on FedEx from $306.00 to $303.00 and set a “buy” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $301.33.

View Our Latest Analysis on FedEx

FedEx Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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