SS&H Financial Advisors Inc. cut its stake in shares of FedEx Co. (NYSE:FDX – Free Report) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,875 shares of the shipping service provider’s stock after selling 75 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in FedEx were worth $809,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of FDX. Fortitude Family Office LLC boosted 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 last quarter. Evermay Wealth Management LLC raised its position in FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after acquiring an additional 40 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in FedEx in the fourth quarter valued at $28,000. Highline Wealth Partners LLC bought a new position in shares of FedEx in the 3rd quarter valued at about $31,000. Finally, FNY Investment Advisers LLC increased its stake in shares of FedEx by 177.5% during the 4th quarter. FNY Investment Advisers LLC now owns 111 shares of the shipping service provider’s stock worth $31,000 after purchasing an additional 71 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.
FedEx Stock Performance
NYSE FDX opened at $277.63 on Wednesday. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The firm has a market capitalization of $66.87 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.18 and a beta of 1.20. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The firm’s 50 day simple moving average is $283.89 and its 200 day simple moving average is $284.31.
FedEx Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $1.38 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.99%. FedEx’s dividend payout ratio (DPR) is currently 35.18%.
Insider Activity at FedEx
In other news, Director Amy B. Lane acquired 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John W. Dietrich bought 1,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on FDX shares. Stephens reduced their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. Susquehanna reduced their target price on FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a research note on Friday, September 20th. UBS Group increased their price target on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Morgan Stanley downgraded shares of FedEx from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $215.00 to $200.00 in a report on Friday, September 20th. Finally, Evercore ISI cut their target price on shares of FedEx from $335.00 to $318.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $325.61.
Read Our Latest Analysis on FDX
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.
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