Hemington Wealth Management Purchases 45 Shares of FedEx Co. (NYSE:FDX)

Hemington Wealth Management boosted its position in FedEx Co. (NYSE:FDX) by 27.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209 shares of the shipping service provider’s stock after purchasing an additional 45 shares during the quarter. Hemington Wealth Management’s holdings in FedEx were worth $58,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of FedEx in the third quarter valued at about $3,405,000. Wedmont Private Capital increased its holdings in shares of FedEx by 4.1% during the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after purchasing an additional 91 shares during the period. GFS Advisors LLC acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $26,855,000. Persium Advisors LLC bought a new stake in shares of FedEx in the fourth quarter valued at approximately $530,000. Finally, Assenagon Asset Management S.A. grew its position in FedEx by 137.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 227,965 shares of the shipping service provider’s stock worth $64,133,000 after buying an additional 132,036 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on FDX. Stifel Nicolaus lowered their price objective on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Barclays raised their price objective on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. BMO Capital Markets raised their price objective on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Finally, Bank of America raised their price objective on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.87.

FedEx Stock Up 0.7 %

Shares of FDX opened at $262.96 on Thursday. The company has a market capitalization of $63.33 billion, a PE ratio of 16.76, a PEG ratio of 1.07 and a beta of 1.18. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The stock’s 50-day moving average price is $273.38 and its two-hundred day moving average price is $279.68. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced its 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 firm had revenue of $22 billion for 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 business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.99 EPS. On average, analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio is 35.18%.

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.