Personal CFO Solutions LLC Buys 147 Shares of FedEx Co. (NYSE:FDX)

Personal CFO Solutions LLC lifted its stake in FedEx Co. (NYSE:FDX) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 994 shares of the shipping service provider’s stock after purchasing an additional 147 shares during the period. Personal CFO Solutions LLC’s holdings in FedEx were worth $280,000 at the end of the most recent quarter.

Other hedge funds have 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 worth about $391,000. Virtu Financial LLC bought a new position in FedEx during the 3rd quarter worth about $3,405,000. Lodestone Wealth Management LLC bought a new position in FedEx during the 4th quarter worth about $461,000. Wedmont Private Capital grew 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 acquiring an additional 91 shares in the last quarter. Finally, GFS Advisors LLC bought a new position in FedEx during the 4th quarter worth about $26,855,000. 84.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FDX has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of FedEx from $372.00 to $323.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company dropped their target price on shares of FedEx from $320.00 to $275.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. BMO Capital Markets increased their target price on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Stephens dropped their target price on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. Finally, Stifel Nicolaus dropped their target price on shares of FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $318.58.

Insiders Place Their Bets

In other news, EVP John W. Dietrich acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average price of $273.98 per share, with a total value of $273,980.00. Following the purchase, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by insiders.

FedEx Stock Performance

FDX opened at $246.40 on Tuesday. FedEx Co. has a 12-month low of $242.92 and a 12-month high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $59.35 billion, a PE ratio of 15.70, a P/E/G ratio of 1.11 and a beta of 1.23. The firm has a 50 day moving average of $265.87 and a two-hundred day moving average of $275.74.

FedEx (NYSE:FDX) last posted its quarterly earnings results 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 net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same period last year, the firm posted $3.99 EPS. FedEx’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio is presently 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.