Cabot Wealth Management Inc. Acquires 314 Shares of FedEx Co. (NYSE:FDX)

Cabot Wealth Management Inc. raised its holdings in FedEx Co. (NYSE:FDX) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,067 shares of the shipping service provider’s stock after purchasing an additional 314 shares during the period. FedEx makes up about 2.0% of Cabot Wealth Management Inc.’s portfolio, making the stock its 13th largest holding. Cabot Wealth Management Inc.’s holdings in FedEx were worth $16,055,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. 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 in the last quarter. Evermay Wealth Management LLC raised its position 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 buying an additional 40 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. City Holding Co. bought a new position in FedEx in the fourth quarter valued at approximately $28,000. Finally, Kentucky Trust Co acquired a new position in FedEx during the fourth quarter valued at approximately $28,000. 84.47% of the stock is owned by institutional investors.

FedEx Stock Performance

Shares of FedEx stock opened at $253.97 on Friday. The business has a 50-day moving average price of $270.75 and a two-hundred day moving average price of $278.13. FedEx Co. has a 1-year low of $239.07 and a 1-year high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The company has a market cap of $61.17 billion, a P/E ratio of 16.19, a PEG ratio of 1.11 and a beta of 1.18.

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

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s payout ratio is 35.18%.

Insider Activity

In related news, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John W. Dietrich bought 1,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the acquisition, 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 disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on FDX. UBS Group lifted their price target on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Bank of America increased their target price on shares of FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Sanford C. Bernstein lowered shares of FedEx from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $337.00 to $316.00 in a report on Tuesday, December 3rd. Loop Capital downgraded shares of FedEx from a “buy” rating to a “hold” rating and dropped their price objective for the company from $365.00 to $283.00 in a research note on Monday, February 3rd. Finally, Stifel Nicolaus lowered their price target on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, FedEx has an average 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.