FedEx Co. (NYSE:FDX) Shares Purchased by Avion Wealth

Avion Wealth boosted its position in FedEx Co. (NYSE:FDX) by 424.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 131 shares of the shipping service provider’s stock after purchasing an additional 106 shares during the quarter. Avion Wealth’s holdings in FedEx were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Kentucky Trust Co purchased a new stake in FedEx in the 4th quarter valued at about $28,000. Portfolio Design Labs LLC grew its holdings in FedEx by 29.1% in the 4th quarter. Portfolio Design Labs LLC now owns 9,347 shares of the shipping service provider’s stock valued at $2,630,000 after buying an additional 2,108 shares during the period. Edmp Inc. grew its holdings in FedEx by 1.6% in the 4th quarter. Edmp Inc. now owns 4,964 shares of the shipping service provider’s stock valued at $1,397,000 after buying an additional 80 shares during the period. Stonebridge Financial Group LLC purchased a new stake in FedEx in the 4th quarter valued at about $76,000. Finally, Violich Capital Management Inc. grew its holdings in FedEx by 36.0% in the 4th quarter. Violich Capital Management Inc. now owns 6,895 shares of the shipping service provider’s stock valued at $1,940,000 after buying an additional 1,825 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction 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 completion of the transaction, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Amy B. Lane bought 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now directly owns 333 shares of the company’s stock, 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.

Analysts Set New Price Targets

Several research firms have commented on FDX. Stephens lowered their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. Barclays lifted their price target on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Finally, UBS Group boosted their target price on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus target price of $321.87.

FedEx Price Performance

Shares of FDX opened at $261.30 on Wednesday. The company has a market cap of $62.93 billion, a P/E ratio of 16.65, a PEG ratio of 1.07 and a beta of 1.18. The stock has a fifty day moving average price of $273.81 and a 200 day moving average price of $279.95. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $3.99 EPS. On average, research analysts forecast that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 2.11%. FedEx’s payout ratio is 35.18%.

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.