1,550 Shares in FedEx Co. (NYSE:FDX) Bought by Sage Investment Counsel LLC

Sage Investment Counsel LLC purchased a new position in shares of FedEx Co. (NYSE:FDX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,550 shares of the shipping service provider’s stock, valued at approximately $436,000.

Other hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC lifted its holdings in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 52 shares during the period. Peoples Financial Services CORP. bought a new stake in shares of FedEx in the fourth quarter valued at $28,000. City Holding Co. bought a new stake in shares of FedEx in the fourth quarter valued at $28,000. Kentucky Trust Co bought a new stake in shares of FedEx in the fourth quarter valued at $28,000. Finally, Activest Wealth Management bought a new stake in shares of FedEx in the fourth quarter valued at $29,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

FedEx stock opened at $263.11 on Friday. The business has a 50-day simple moving average of $268.78 and a 200 day simple moving average of $277.40. FedEx Co. has a 52 week low of $242.92 and a 52 week high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market cap of $63.37 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.11 and a beta of 1.18.

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

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued 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 of this dividend is Monday, March 10th. FedEx’s payout ratio is currently 35.18%.

Insider Transactions at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John W. Dietrich purchased 1,000 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The shares were bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays boosted their target price on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Wells Fargo & Company boosted their target price on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Stifel Nicolaus lowered their target price on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Bank of America lifted their price target on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Loop Capital cut FedEx from a “buy” rating to a “hold” rating and reduced their price target for the company from $365.00 to $283.00 in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.