Stonehage Fleming Financial Services Holdings Ltd Invests $402,000 in FedEx Co. (NYSE:FDX)

Stonehage Fleming Financial Services Holdings Ltd purchased a new position in FedEx Co. (NYSE:FDX) during the 4th quarter, HoldingsChannel reports. The fund purchased 1,430 shares of the shipping service provider’s stock, valued at approximately $402,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in FedEx in the 3rd quarter worth approximately $3,405,000. Czech National Bank increased its holdings in shares of FedEx by 6.4% in the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock valued at $12,564,000 after purchasing an additional 2,767 shares during the last quarter. Wedmont Private Capital lifted its position in FedEx by 4.1% during the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after buying an additional 91 shares in the last quarter. Persium Advisors LLC acquired a new position in FedEx during the fourth quarter worth $530,000. Finally, Magnolia Capital Advisors LLC purchased a new stake in FedEx in the 2nd quarter valued at $9,226,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Up 1.1 %

FDX opened at $273.12 on Monday. The stock has a market capitalization of $65.78 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The business’s 50-day simple moving average is $281.64 and its 200-day simple moving average is $283.20.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.99 earnings per share. Analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Insider Buying and Selling

In other news, Director Amy B. Lane acquired 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the transaction, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John W. Dietrich bought 1,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the purchase, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FDX shares. UBS Group upped their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a report on Friday, December 20th. Wells Fargo & Company upped their price objective on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Stephens dropped their target price on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. Loop Capital raised FedEx from a “hold” rating to a “buy” rating and lifted their price objective for the company from $288.00 to $365.00 in a research note on Friday, December 20th. Finally, Stifel Nicolaus cut their price objective on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average price target of $325.43.

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.