FedEx Co. (NYSE:FDX) Shares Acquired by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV grew its position in FedEx Co. (NYSE:FDX) by 27.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 773 shares of the shipping service provider’s stock after acquiring an additional 166 shares during the period. Creative Financial Designs Inc. ADV’s holdings in FedEx were worth $218,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Citizens Financial Group Inc. RI grew its stake in shares of FedEx by 3.0% in the third quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider’s stock valued at $360,000 after buying an additional 38 shares in the last quarter. Cetera Trust Company N.A boosted its holdings in FedEx by 0.5% in the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider’s stock valued at $2,230,000 after purchasing an additional 40 shares during the period. Griffin Asset Management Inc. boosted its holdings in FedEx by 0.4% in the fourth quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider’s stock valued at $2,916,000 after purchasing an additional 40 shares during the period. Aviso Financial Inc. boosted its holdings in FedEx by 1.2% in the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider’s stock valued at $957,000 after purchasing an additional 40 shares during the period. Finally, Richard P Slaughter Associates Inc boosted its holdings in FedEx by 0.5% in the fourth quarter. Richard P Slaughter Associates Inc now owns 8,107 shares of the shipping service provider’s stock valued at $2,281,000 after purchasing an additional 42 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FedEx

In related news, Director Amy B. Lane bought 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John W. Dietrich bought 1,000 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now 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. Corporate insiders own 8.87% of the company’s stock.

FedEx Price Performance

Shares of NYSE:FDX opened at $247.46 on Thursday. The business’s 50 day simple moving average is $261.33 and its 200-day simple moving average is $273.30. The firm has a market capitalization of $59.60 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. 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 $239.50 and a 12 month high of $313.84.

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

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is 35.18%.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent research reports. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Truist Financial started coverage on FedEx in a report on Thursday, March 13th. They set a “buy” rating and a $305.00 price target for the company. JPMorgan Chase & Co. decreased their price target on FedEx from $372.00 to $323.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. UBS Group lifted their price target on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, BMO Capital Markets lifted their price target on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $317.48.

About FedEx

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.