O Brien Greene & Co. Inc Has $5.33 Million Stake in FedEx Co. (NYSE:FDX)

O Brien Greene & Co. Inc lifted its stake in shares of FedEx Co. (NYSE:FDX) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,783 shares of the shipping service provider’s stock after purchasing an additional 109 shares during the period. FedEx makes up about 1.7% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 28th biggest position. O Brien Greene & Co. Inc’s holdings in FedEx were worth $5,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Precision Wealth Strategies LLC bought a new stake in shares of FedEx during the fourth quarter worth approximately $324,000. Gladstone Institutional Advisory LLC raised its position in shares of FedEx by 42.2% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,625 shares of the shipping service provider’s stock valued at $917,000 after acquiring an additional 1,075 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of FedEx by 12.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,011 shares of the shipping service provider’s stock valued at $1,015,000 after acquiring an additional 440 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of FedEx by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 630,171 shares of the shipping service provider’s stock valued at $159,414,000 after acquiring an additional 17,491 shares during the last quarter. Finally, Sachetta LLC bought a new stake in shares of FedEx during the 4th quarter valued at $32,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Up 1.6 %

Shares of FDX stock opened at $297.36 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.36. The firm’s 50-day moving average is $293.20 and its 200-day moving average is $274.45. The stock has a market cap of $73.17 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.03 and a beta of 1.17. FedEx Co. has a 52-week low of $224.69 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.34 by $0.07. The company had revenue of $22.11 billion for the quarter, compared to analysts’ expectations of $22.04 billion. FedEx had a net margin of 4.94% and a return on equity of 16.70%. FedEx’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.94 EPS. Sell-side analysts predict that FedEx Co. will post 20.82 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $5.52 annualized dividend and a dividend yield of 1.86%. FedEx’s dividend payout ratio is presently 32.04%.

Wall Street Analyst Weigh In

FDX has been the subject of several recent research reports. The Goldman Sachs Group upped their target price on shares of FedEx from $316.00 to $333.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Wells Fargo & Company upped their target price on shares of FedEx from $275.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 26th. Bank of America upped their price objective on shares of FedEx from $340.00 to $347.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Raymond James lowered their price objective on shares of FedEx from $325.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. Finally, Stephens restated an “overweight” rating and issued a $325.00 price objective on shares of FedEx in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $314.67.

Insider Buying and Selling

In other FedEx news, CEO Sriram Krishnasamy sold 8,421 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total value of $2,611,688.94. Following the sale, the chief executive officer now owns 12,246 shares in the company, valued at $3,797,974.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Sriram Krishnasamy sold 8,421 shares of FedEx stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total transaction of $2,611,688.94. Following the completion of the transaction, the chief executive officer now owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brie Carere sold 1,958 shares of FedEx stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $310.43, for a total transaction of $607,821.94. Following the completion of the sale, the executive vice president now directly owns 19,937 shares of the company’s stock, valued at $6,189,042.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,944 shares of company stock worth $9,882,355. Corporate insiders own 8.73% of the company’s stock.

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.