Delta Financial Advisors LLC Increases Stock Position in FedEx Co. (NYSE:FDX)

Delta Financial Advisors LLC boosted its stake in FedEx Co. (NYSE:FDX) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,235 shares of the shipping service provider’s stock after acquiring an additional 65 shares during the period. Delta Financial Advisors LLC’s holdings in FedEx were worth $2,035,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. bLong Financial LLC acquired a new stake in FedEx in the fourth quarter valued at $391,000. Virtu Financial LLC acquired a new stake in FedEx in the third quarter valued at $3,405,000. Lodestone Wealth Management LLC acquired a new stake in FedEx in the fourth quarter valued at $461,000. Wedmont Private Capital raised its holdings in FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after acquiring an additional 91 shares in the last quarter. Finally, GFS Advisors LLC acquired a new stake in FedEx in the fourth quarter valued at $26,855,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FedEx

In other FedEx news, EVP John W. Dietrich acquired 1,000 shares of FedEx 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 transaction, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following 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 disclosure for this sale can be found here. 8.87% of the stock is currently owned by insiders.

FedEx Stock Performance

Shares of FDX opened at $256.31 on Wednesday. The firm has a 50-day moving average price of $269.72 and a 200 day moving average price of $277.80. The firm has a market capitalization of $61.73 billion, a PE ratio of 16.34, a P/E/G ratio of 1.11 and a beta of 1.18. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a 52-week low of $239.07 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.99 EPS. On average, sell-side analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 yield of 2.15%. FedEx’s dividend payout ratio is presently 35.18%.

Wall Street Analyst Weigh In

FDX has been the topic of several recent analyst reports. TD Cowen upped their price target on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. increased their target price on shares of FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. Raymond James cut shares of FedEx from an “outperform” rating to a “market perform” rating in a report on Monday, February 3rd. Finally, BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $321.87.

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.