Rothschild Investment LLC Buys 99 Shares of FedEx Co. (NYSE:FDX)

Rothschild Investment LLC grew its stake in FedEx Co. (NYSE:FDX) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,115 shares of the shipping service provider’s stock after acquiring an additional 99 shares during the period. Rothschild Investment LLC’s holdings in FedEx were worth $4,534,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FDX. bLong Financial LLC bought a new position in FedEx during the fourth quarter worth about $391,000. Virtu Financial LLC bought a new position in FedEx during the third quarter worth about $3,405,000. Lodestone Wealth Management LLC bought a new position in FedEx during the fourth quarter worth about $461,000. Wedmont Private Capital grew its holdings in 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. Finally, GFS Advisors LLC bought a new position in FedEx during the fourth quarter worth about $26,855,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Down 5.4 %

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

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

FedEx Announces Dividend

The firm also recently declared 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 of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.17%. FedEx’s payout ratio is 35.18%.

Insider Activity at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane bought 333 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Bank of America lifted their price target on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Stifel Nicolaus reduced their price objective on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Finally, BMO Capital Markets boosted their price objective on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.