CM Management LLC Makes New Investment in FedEx Co. (NYSE:FDX)

CM Management LLC acquired a new position in shares of FedEx Co. (NYSE:FDX – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,000 shares of the shipping service provider’s stock, valued at approximately $742,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Physicians Financial Services Inc. grew its position in shares of FedEx by 0.6% during the second quarter. Physicians Financial Services Inc. now owns 7,133 shares of the shipping service provider’s stock worth $1,617,000 after acquiring an additional 43 shares during the last quarter. Pacifica Partners Inc. grew its position in shares of FedEx by 1.1% during the second quarter. Pacifica Partners Inc. now owns 4,263 shares of the shipping service provider’s stock worth $1,040,000 after acquiring an additional 45 shares during the last quarter. Probity Advisors Inc. grew its position in shares of FedEx by 2.1% during the second quarter. Probity Advisors Inc. now owns 2,282 shares of the shipping service provider’s stock worth $517,000 after acquiring an additional 47 shares during the last quarter. Main Street Financial Solutions LLC grew its position in shares of FedEx by 3.1% during the second quarter. Main Street Financial Solutions LLC now owns 1,673 shares of the shipping service provider’s stock worth $379,000 after acquiring an additional 50 shares during the last quarter. Finally, Walker Asset Management LLC grew its position in shares of FedEx by 4.5% during the second quarter. Walker Asset Management LLC now owns 1,151 shares of the shipping service provider’s stock worth $261,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

FedEx Trading Down 1.0 %

Shares of FDX stock opened at $189.25 on Wednesday. The firm has a 50-day moving average price of $178.60 and a 200 day moving average price of $187.05. FedEx Co. has a twelve month low of $141.92 and a twelve month high of $256.49. The company has a market capitalization of $47.77 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 1.17 and a beta of 1.31. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.83.

FedEx (NYSE:FDX – Get Rating) last announced its earnings results on Tuesday, December 20th. The shipping service provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.41. FedEx had a net margin of 3.54% and a return on equity of 19.17%. The firm had revenue of $22.81 billion during the quarter, compared to the consensus estimate of $23.66 billion. Research analysts forecast that FedEx Co. will post 13.6 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Monday, December 12th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Friday, December 9th. FedEx’s payout ratio is 36.14%.

Wall Street Analysts Forecast Growth

FDX has been the topic of a number of research reports. TheStreet lowered shares of FedEx from a “b-” rating to a “c+” rating in a research report on Wednesday, October 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FedEx from $190.00 to $217.00 in a research report on Monday, November 28th. The Goldman Sachs Group set a $218.00 price objective on shares of FedEx in a research report on Monday, January 2nd. Susquehanna Bancshares lowered their price objective on shares of FedEx from $250.00 to $165.00 in a research report on Thursday, October 13th. Finally, StockNews.com assumed coverage on shares of FedEx in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, FedEx has an average rating of “Hold” and a consensus price target of $205.52.

Insider Activity at FedEx

In other FedEx news, Director Amy B. Lane purchased 280 shares of the stock in a transaction on Tuesday, January 3rd. The stock was bought at an average price of $175.83 per share, for a total transaction of $49,232.40. Following the acquisition, the director now directly owns 1,529 shares of the company’s stock, valued at $268,844.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.62% of the stock is currently owned by corporate insiders.

FedEx Company Profile

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FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services under the FedEx brand. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.