R.H. Investment Group LLC Invests $4.51 Million in FedEx Co. (NYSE:FDX)

R.H. Investment Group LLC acquired a new stake in FedEx Co. (NYSE:FDX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,041 shares of the shipping service provider’s stock, valued at approximately $4,513,000. FedEx accounts for 4.3% of R.H. Investment Group LLC’s holdings, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fortitude Family Office LLC increased its stake 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 acquiring an additional 52 shares during the last quarter. Evermay Wealth Management LLC grew its holdings in FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after purchasing an additional 40 shares during the period. Highline Wealth Partners LLC bought a new stake in FedEx in the third quarter valued at approximately $31,000. FNY Investment Advisers LLC raised its holdings in FedEx by 177.5% in the fourth 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 period. Finally, Harbor Capital Advisors Inc. bought a new position in shares of FedEx during the third quarter worth $47,000. 84.47% of the stock is owned by institutional investors.

FedEx Stock Up 1.1 %

FDX stock opened at $277.63 on Wednesday. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $283.89 and a two-hundred day moving average price of $284.31. The company has a market cap 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.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.17. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. FedEx’s revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $3.99 EPS. Analysts anticipate that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 1.99%. FedEx’s dividend payout ratio (DPR) is 35.18%.

Insider Buying and Selling

In other news, Director Amy B. Lane acquired 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The stock was bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John W. Dietrich bought 1,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This trade represents 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.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FDX shares. Stephens lowered their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, December 20th. UBS Group increased their price target on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. lifted their price objective on FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Bernstein Bank increased their target price on FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Finally, Hsbc Global Res downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.61.

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.