TD Private Client Wealth LLC Boosts Position in FedEx Co. (NYSE:FDX)

TD Private Client Wealth LLC lifted its position in FedEx Co. (NYSE:FDX) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,264 shares of the shipping service provider’s stock after buying an additional 81 shares during the quarter. TD Private Client Wealth LLC’s holdings in FedEx were worth $356,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FDX. Fortitude Family Office LLC increased its holdings in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 52 shares during the period. Peoples Financial Services CORP. bought a new position in shares of FedEx in the fourth quarter worth $28,000. City Holding Co. purchased a new stake in shares of FedEx in the fourth quarter worth $28,000. Kentucky Trust Co bought a new stake in FedEx during the fourth quarter valued at $28,000. Finally, Activest Wealth Management purchased a new position in FedEx during the fourth quarter worth about $29,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

FDX opened at $242.27 on Tuesday. The stock’s 50 day moving average price is $259.31 and its 200-day moving average price is $272.04. FedEx Co. has a 52-week low of $217.22 and a 52-week high of $313.84. The stock has a market capitalization of $58.35 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. 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 (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. During the same quarter last year, the company posted $3.86 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.28%. FedEx’s dividend payout ratio (DPR) is 34.63%.

Wall Street Analysts Forecast Growth

FDX has been the topic of several recent analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a report on Friday. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Barclays decreased their price target on shares of FedEx from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday. Loop Capital cut shares of FedEx from a “hold” rating to a “sell” rating and lowered their price objective for the company from $283.00 to $221.00 in a research report on Friday. Finally, BMO Capital Markets reduced their target price on FedEx from $330.00 to $275.00 and set a “market perform” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $300.60.

Insider Transactions at FedEx

In other news, EVP John W. Dietrich acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was acquired at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the acquisition, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane bought 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The stock was acquired at an average cost 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 disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

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.