Hopwood Financial Services Inc. Makes New $251,000 Investment in FedEx Co. (NYSE:FDX)

Hopwood Financial Services Inc. acquired a new position in shares of FedEx Co. (NYSE:FDX) in the 4th quarter, Holdings Channel.com reports. The fund acquired 891 shares of the shipping service provider’s stock, valued at approximately $251,000.

A number of other hedge funds have also modified their holdings of the company. United Bank acquired a new stake in FedEx during the third quarter worth approximately $615,000. Verdence Capital Advisors LLC raised its position in shares of FedEx by 22.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,192 shares of the shipping service provider’s stock worth $326,000 after acquiring an additional 217 shares in the last quarter. Sigma Planning Corp grew its holdings in FedEx by 1.8% in the third quarter. Sigma Planning Corp now owns 5,053 shares of the shipping service provider’s stock worth $1,383,000 after purchasing an additional 90 shares during the period. Los Angeles Capital Management LLC increased its stake in FedEx by 113.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 33,242 shares of the shipping service provider’s stock valued at $9,098,000 after purchasing an additional 17,651 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in FedEx in the 3rd quarter valued at about $102,000. 84.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Barclays raised their price target on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Loop Capital lowered shares of FedEx from a “buy” rating to a “hold” rating and reduced their price target for the stock from $365.00 to $283.00 in a research note on Monday, February 3rd. Stifel Nicolaus dropped their price target on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Citigroup raised their target price on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $318.58.

Insiders Place Their Bets

In related news, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction that occurred 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 directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John W. Dietrich bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the acquisition, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by company insiders.

FedEx Stock Performance

FDX stock opened at $242.92 on Wednesday. The stock has a market capitalization of $58.51 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. 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 stock’s 50 day simple moving average is $265.10 and its 200 day simple moving average is $275.35. FedEx Co. has a 12-month low of $241.78 and a 12-month high of $313.84.

FedEx (NYSE:FDX) last posted its earnings results 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. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same period last year, the firm posted $3.99 earnings per share. FedEx’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.27%. FedEx’s payout ratio is 35.18%.

About FedEx

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.