Weaver Capital Management LLC Acquires 147 Shares of FedEx Co. (NYSE:FDX)

Weaver Capital Management LLC raised its holdings in FedEx Co. (NYSE:FDX) by 14.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,189 shares of the shipping service provider’s stock after buying an additional 147 shares during the period. Weaver Capital Management LLC’s holdings in FedEx were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Fortitude Family Office LLC lifted its stake in shares of FedEx by 144.4% in the fourth 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 in the last quarter. Evermay Wealth Management LLC raised its holdings in shares of FedEx by 72.7% in 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 last quarter. Peoples Financial Services CORP. purchased a new stake in shares of FedEx in the fourth quarter valued at about $28,000. City Holding Co. purchased a new stake in shares of FedEx in the fourth quarter valued at about $28,000. Finally, R Squared Ltd purchased a new stake in shares of FedEx in the fourth quarter valued at about $31,000. 84.47% of the stock is owned by institutional investors.

Insider Transactions at FedEx

In other FedEx news, Director Amy B. Lane acquired 333 shares of the stock in a transaction dated Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following 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 acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the sale, the director now owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

FedEx Price Performance

FDX stock opened at $251.08 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The stock has a market cap of $60.47 billion, a PE ratio of 16.00, a P/E/G ratio of 1.10 and a beta of 1.18. The firm has a 50 day simple moving average of $278.47 and a two-hundred day simple moving average of $281.61.

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

FedEx Dividend Announcement

The firm also recently disclosed 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 was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.20%. FedEx’s payout ratio is 35.18%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of research analyst reports. UBS Group raised their price objective on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Raymond James raised their price objective on shares of FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Barclays raised their price objective on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Stifel Nicolaus lowered their price target on shares of FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $321.87.

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.