FedEx Co. (NYSE:FDX) Shares Purchased by Missouri Trust & Investment Co

Missouri Trust & Investment Co boosted its stake in shares of FedEx Co. (NYSE:FDX) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,258 shares of the shipping service provider’s stock after purchasing an additional 193 shares during the quarter. Missouri Trust & Investment Co’s holdings in FedEx were worth $1,479,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FDX. Fortitude Family Office LLC grew its holdings in shares of 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 purchasing an additional 52 shares during the period. Evermay Wealth Management LLC raised its stake in shares of FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after acquiring an additional 40 shares during the period. Peoples Financial Services CORP. acquired a new position in shares of FedEx in the 4th quarter worth approximately $28,000. City Holding Co. purchased a new position in shares of FedEx during the 4th quarter worth approximately $28,000. Finally, FNY Investment Advisers LLC increased its holdings in FedEx by 177.5% in the 4th quarter. FNY Investment Advisers LLC now owns 111 shares of the shipping service provider’s stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FedEx

In other news, EVP John W. Dietrich purchased 1,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. This represents a 12.40 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was acquired at an average price 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 represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FDX shares. TD Cowen raised their price target on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. UBS Group raised their target price on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a report on Friday, December 20th. Raymond James boosted their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Citigroup upped their target price on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average target price of $325.61.

FedEx Price Performance

Shares of NYSE:FDX opened at $275.72 on Wednesday. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The company has a 50-day moving average price of $283.19 and a 200 day moving average price of $283.74. The company has a market cap of $66.41 billion, a P/E ratio of 17.57, a PEG ratio of 1.14 and a beta of 1.20. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same period last year, the firm earned $3.99 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. Research analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared 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 of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. FedEx’s dividend payout ratio is presently 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.