Allied Investment Advisors LLC Acquires 119 Shares of FedEx Co. (NYSE:FDX)

Allied Investment Advisors LLC grew its holdings in FedEx Co. (NYSE:FDX) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 40,804 shares of the shipping service provider’s stock after acquiring an additional 119 shares during the period. FedEx comprises approximately 2.3% of Allied Investment Advisors LLC’s portfolio, making the stock its 17th biggest holding. Allied Investment Advisors LLC’s holdings in FedEx were worth $11,479,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FDX. Davidson Investment Advisors grew its position in FedEx by 1.3% in the fourth quarter. Davidson Investment Advisors now owns 84,127 shares of the shipping service provider’s stock worth $23,667,000 after acquiring an additional 1,102 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of FedEx by 57.9% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,540 shares of the shipping service provider’s stock worth $2,965,000 after purchasing an additional 3,867 shares during the period. Key Financial Inc increased its position in shares of FedEx by 30.3% during the 4th quarter. Key Financial Inc now owns 254 shares of the shipping service provider’s stock valued at $71,000 after purchasing an additional 59 shares during the last quarter. Cardinal Capital Management raised its holdings in FedEx by 0.3% during the 4th quarter. Cardinal Capital Management now owns 16,473 shares of the shipping service provider’s stock valued at $4,657,000 after buying an additional 54 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in FedEx in the fourth quarter worth $86,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

Shares of FDX stock opened at $267.35 on Wednesday. The company has a market cap of $64.39 billion, a P/E ratio of 17.04, a PEG ratio of 1.07 and a beta of 1.18. 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 stock’s 50-day moving average is $271.93 and its 200 day moving average is $278.53. FedEx Co. has a 1-year low of $235.32 and a 1-year high of $313.84.

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. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the previous 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 fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.06%. FedEx’s payout ratio is 35.18%.

Insider Buying and Selling

In related news, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now directly owns 111,886 shares in the company, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John W. Dietrich purchased 1,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, 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 disclosure for this purchase 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. BMO Capital Markets raised their target price on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Stifel Nicolaus decreased their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. UBS Group boosted their target price on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Raymond James increased their price target on FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.