Crowley Wealth Management Inc. Purchases New Position in FedEx Co. (NYSE:FDX)

Crowley Wealth Management Inc. purchased a new position in FedEx Co. (NYSE:FDX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,340 shares of the shipping service provider’s stock, valued at approximately $2,628,000. FedEx comprises about 2.3% of Crowley Wealth Management Inc.’s holdings, making the stock its 12th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its holdings in shares of 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 buying an additional 52 shares during the last quarter. Peoples Financial Services CORP. acquired a new stake in shares of FedEx during the fourth quarter worth approximately $28,000. City Holding Co. acquired a new position in FedEx in the fourth quarter worth $28,000. Kentucky Trust Co bought a new stake in FedEx during the 4th quarter worth about $28,000. Finally, Activest Wealth Management acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $29,000. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Wells Fargo & Company lowered their price target on FedEx from $275.00 to $260.00 and set an “equal weight” rating on the stock in a research report on Friday. Stifel Nicolaus reduced their price target on FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a report on Friday. Stephens cut their target price on shares of FedEx from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Oppenheimer reissued a “market perform” rating on shares of FedEx in a report on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.67.

FedEx Stock Down 6.5 %

NYSE FDX opened at $230.25 on Friday. The business has a fifty day moving average price of $259.95 and a 200 day moving average price of $272.49. The company has a market cap of $55.46 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a one year low of $217.22 and a one year high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). The company had revenue of $22.16 billion during the quarter, compared to analysts’ expectations of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.86 earnings per share. Research analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is 35.18%.

Insiders Place Their Bets

In other news, Director Amy B. Lane purchased 333 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were acquired at an average price of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

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.