Souders Financial Advisors Has $237,000 Position in FedEx Co. (NYSE:FDX)

Souders Financial Advisors lessened its position in FedEx Co. (NYSE:FDX) by 11.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 842 shares of the shipping service provider’s stock after selling 113 shares during the period. Souders Financial Advisors’ holdings in FedEx were worth $237,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. bLong Financial LLC bought a new position in shares of FedEx in the fourth quarter valued at about $391,000. Virtu Financial LLC bought a new stake in FedEx during the 3rd quarter worth about $3,405,000. Lodestone Wealth Management LLC bought a new stake in FedEx during the 4th quarter worth about $461,000. Wedmont Private Capital raised its holdings in FedEx by 4.1% during the 4th 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 last quarter. Finally, GFS Advisors LLC bought a new stake in FedEx during the 4th quarter worth about $26,855,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Transactions at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction on 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 sale, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane purchased 333 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was acquired at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

FedEx Trading Up 1.2 %

NYSE:FDX opened at $250.64 on Thursday. FedEx Co. has a twelve month low of $242.92 and a twelve month 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 business has a 50 day moving average price of $267.66 and a two-hundred day moving average price of $276.69. The company has a market cap of $60.37 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share 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 the consensus estimate of $22.14 billion. During the same quarter in the prior year, the firm posted $3.99 EPS. The business’s revenue was down .7% on a year-over-year basis. As a group, analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio is currently 35.18%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group upped their price target on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Stifel Nicolaus lowered their price target on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. BMO Capital Markets upped their price target on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $319.74.

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.