Catalina Capital Group LLC Acquires 73 Shares of FedEx Co. (NYSE:FDX)

Catalina Capital Group LLC grew its holdings in FedEx Co. (NYSE:FDX) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 810 shares of the shipping service provider’s stock after purchasing an additional 73 shares during the quarter. Catalina Capital Group LLC’s holdings in FedEx were worth $228,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Czech National Bank raised its position in shares of FedEx by 6.4% in the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after acquiring an additional 2,767 shares in the last quarter. Quent Capital LLC raised its holdings in FedEx by 187.0% in the third quarter. Quent Capital LLC now owns 353 shares of the shipping service provider’s stock worth $97,000 after purchasing an additional 230 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of FedEx by 44.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,733 shares of the shipping service provider’s stock valued at $748,000 after buying an additional 836 shares in the last quarter. Value Partners Investments Inc. grew its position in shares of FedEx by 0.3% in the 3rd quarter. Value Partners Investments Inc. now owns 144,613 shares of the shipping service provider’s stock worth $39,578,000 after buying an additional 456 shares during the last quarter. Finally, Chapin Davis Inc. raised its stake in shares of FedEx by 1.3% during the 3rd quarter. Chapin Davis Inc. now owns 4,871 shares of the shipping service provider’s stock worth $1,333,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 6.6 %

Shares of NYSE:FDX opened at $247.34 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The business has a 50 day moving average of $279.62 and a two-hundred day moving average of $282.02. The company has a market capitalization of $59.57 billion, a PE ratio of 15.76, a PEG ratio of 1.10 and a beta of 1.20.

FedEx (NYSE:FDX) last posted 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 firm had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.99 EPS. As a group, analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Sanford C. Bernstein downgraded shares of FedEx from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Loop Capital downgraded FedEx from a “buy” rating to a “hold” rating and dropped their target price for the stock from $365.00 to $283.00 in a research note on Monday. Bank of America increased their price target on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Stephens decreased 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. One analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $321.87.

Insider Activity at FedEx

In related news, EVP John W. Dietrich purchased 1,000 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy B. Lane acquired 333 shares of the 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 acquisition, the director now owns 333 shares in the company, valued at $91,927.98. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by company insiders.

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.