FedEx Co. (NYSE:FDX) Shares Bought by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC boosted its holdings in FedEx Co. (NYSE:FDX) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,494 shares of the shipping service provider’s stock after purchasing an additional 89 shares during the period. Main Street Financial Solutions LLC’s holdings in FedEx were worth $420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Regal Investment Advisors LLC raised its holdings in FedEx by 2.4% in the fourth quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider’s stock valued at $451,000 after acquiring an additional 38 shares in the last quarter. Cetera Trust Company N.A raised its stake in shares of FedEx by 0.5% in the 4th quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider’s stock valued at $2,230,000 after purchasing an additional 40 shares in the last quarter. Griffin Asset Management Inc. raised its stake in shares of FedEx by 0.4% in the 4th quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider’s stock valued at $2,916,000 after purchasing an additional 40 shares in the last quarter. Aviso Financial Inc. lifted its position in shares of FedEx by 1.2% during the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider’s stock worth $957,000 after purchasing an additional 40 shares during the last quarter. Finally, Garner Asset Management Corp grew its stake in FedEx by 0.7% in the fourth quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider’s stock worth $1,659,000 after purchasing an additional 41 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FedEx

In related news, COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at approximately $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.87% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of research analyst reports. TD Cowen reduced their target price on FedEx from $337.00 to $310.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Oppenheimer restated a “market perform” rating on shares of FedEx in a research note on Friday, March 21st. UBS Group lowered their target price on shares of FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Bank of America reduced their price target on shares of FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, Citigroup lowered their price objective on shares of FedEx from $305.00 to $267.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and a consensus target price of $300.63.

FedEx Trading Up 1.9 %

FedEx stock opened at $207.45 on Friday. FedEx Co. has a 12-month low of $194.30 and a 12-month high of $313.84. The stock has a market capitalization of $49.71 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The firm has a 50 day simple moving average of $240.13 and a 200-day simple moving average of $264.06. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX) last issued its quarterly earnings results 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 firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.86 earnings per share. As a group, equities research analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.66%. FedEx’s dividend payout ratio (DPR) is 34.63%.

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.