Crews Bank & Trust Makes New Investment in FedEx Co. (NYSE:FDX)

Crews Bank & Trust acquired a new stake in shares of FedEx Co. (NYSE:FDX) in the fourth quarter, Holdings Channel.com reports. The firm acquired 576 shares of the shipping service provider’s stock, valued at approximately $162,000.

A number of other institutional investors have also added to or reduced their stakes in the company. OLD National Bancorp IN increased its holdings in FedEx by 2.0% in the 4th quarter. OLD National Bancorp IN now owns 4,007 shares of the shipping service provider’s stock valued at $1,127,000 after buying an additional 77 shares during the period. Sentry LLC increased its stake in FedEx by 0.4% in the fourth quarter. Sentry LLC now owns 1,217,117 shares of the shipping service provider’s stock valued at $342,412,000 after acquiring an additional 5,404 shares during the period. Busey Bank raised its position in FedEx by 0.9% in the fourth quarter. Busey Bank now owns 21,044 shares of the shipping service provider’s stock worth $5,920,000 after purchasing an additional 196 shares in the last quarter. Gries Financial LLC lifted its stake in FedEx by 16.6% during the fourth quarter. Gries Financial LLC now owns 8,780 shares of the shipping service provider’s stock worth $2,470,000 after purchasing an additional 1,252 shares during the period. Finally, Ibex Wealth Advisors acquired a new stake in FedEx during the fourth quarter valued at approximately $239,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Down 1.6 %

FedEx stock opened at $264.96 on Friday. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm has a market capitalization of $63.82 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.14 and a beta of 1.20. The company’s 50 day simple moving average is $280.32 and its 200 day simple moving average is $282.72.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.17. The company 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 firm’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.99 EPS. As a group, sell-side analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

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 dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Insider Buying and Selling

In other news, EVP John W. Dietrich acquired 1,000 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by company insiders.

Analyst Ratings Changes

FDX has been the subject of several analyst reports. Barclays raised their target price on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein downgraded shares of FedEx from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Wells Fargo & Company increased their target price on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Stephens decreased their price objective 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. Finally, UBS Group raised their target price on FedEx from $311.00 to $350.00 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, eight have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $325.43.

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.