Transcend Capital Advisors LLC Acquires 203 Shares of FedEx Co. (NYSE:FDX)

Transcend Capital Advisors LLC raised its stake in shares of FedEx Co. (NYSE:FDX) by 3.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,761 shares of the shipping service provider’s stock after acquiring an additional 203 shares during the period. Transcend Capital Advisors LLC’s holdings in FedEx were worth $1,621,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FDX. Paradigm Asset Management Co. LLC lifted its position in FedEx by 14.3% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 4,800 shares of the shipping service provider’s stock valued at $1,350,000 after purchasing an additional 600 shares during the period. ING Groep NV lifted its holdings in shares of FedEx by 131.3% during the 4th quarter. ING Groep NV now owns 76,409 shares of the shipping service provider’s stock valued at $21,496,000 after buying an additional 43,368 shares during the period. O Brien Greene & Co. Inc boosted its stake in shares of FedEx by 0.9% in the 4th quarter. O Brien Greene & Co. Inc now owns 17,537 shares of the shipping service provider’s stock worth $4,934,000 after buying an additional 152 shares during the last quarter. Boston Financial Mangement LLC boosted its stake in shares of FedEx by 12.3% in the 4th quarter. Boston Financial Mangement LLC now owns 916 shares of the shipping service provider’s stock worth $258,000 after buying an additional 100 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of FedEx by 1.5% in the fourth quarter. Handelsbanken Fonder AB now owns 93,974 shares of the shipping service provider’s stock worth $26,438,000 after acquiring an additional 1,411 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Loop Capital downgraded FedEx from a “buy” rating to a “hold” rating and lowered their target price for the company from $365.00 to $283.00 in a report on Monday, February 3rd. Stephens lowered 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. JPMorgan Chase & Co. boosted their target price on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. TD Cowen increased their price target on shares of FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, Citigroup boosted their price objective on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $321.87.

Insider Activity at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated Tuesday, January 14th. The shares were 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 trade represents a 30.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the transaction, the chief executive officer now owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by insiders.

FedEx Stock Performance

Shares of NYSE FDX opened at $253.97 on Friday. The company has a market cap of $61.17 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.10 and a beta of 1.18. FedEx Co. has a 52-week low of $239.07 and a 52-week high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The firm’s fifty day moving average is $270.75 and its two-hundred day moving average is $278.18.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same period in the previous year, the firm posted $3.99 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. As a group, analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.17%. FedEx’s dividend payout ratio is currently 35.18%.

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.