FedEx Co. (NYSE:FDX) Stock Holdings Increased by Edmp Inc.

Edmp Inc. lifted its position in FedEx Co. (NYSE:FDX) by 1.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,964 shares of the shipping service provider’s stock after acquiring an additional 80 shares during the period. Edmp Inc.’s holdings in FedEx were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in shares of FedEx during the fourth quarter worth $76,000. Violich Capital Management Inc. grew its position in shares of FedEx by 36.0% during the 4th quarter. Violich Capital Management Inc. now owns 6,895 shares of the shipping service provider’s stock valued at $1,940,000 after buying an additional 1,825 shares during the last quarter. Panoramic Capital Partners LLC acquired a new stake in FedEx during the fourth quarter worth about $229,000. Arlington Trust Co LLC lifted its holdings in FedEx by 46.8% in the fourth quarter. Arlington Trust Co LLC now owns 953 shares of the shipping service provider’s stock worth $268,000 after acquiring an additional 304 shares during the last quarter. Finally, Equitable Trust Co. boosted its stake in FedEx by 18.9% in the fourth quarter. Equitable Trust Co. now owns 9,159 shares of the shipping service provider’s stock valued at $2,577,000 after acquiring an additional 1,453 shares during the period. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

Shares of NYSE:FDX opened at $258.26 on Tuesday. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The business has a fifty day simple moving average of $274.59 and a 200 day simple moving average of $280.24. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The firm has a market cap of $62.20 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.07 and a beta of 1.18.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) 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 analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $3.99 earnings per share. As a group, sell-side analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio is 35.18%.

Insider Activity at FedEx

In other news, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the transaction, the chief executive officer now directly owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FDX has been the topic of several analyst reports. Wells Fargo & Company increased their target price on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Raymond James upped 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. Stephens lowered their target price on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, December 20th. BMO Capital Markets upped their price target on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Finally, Bank of America raised their price objective on shares of FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.87.

FedEx 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.