Cantor Fitzgerald Investment Advisors L.P. Purchases 102 Shares of FedEx Co. (NYSE:FDX)

Cantor Fitzgerald Investment Advisors L.P. lifted its position in shares of FedEx Co. (NYSE:FDX) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,197 shares of the shipping service provider’s stock after purchasing an additional 102 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in FedEx were worth $3,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FDX. Geode Capital Management LLC grew its stake in shares of FedEx by 1.5% in the third quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider’s stock valued at $1,281,335,000 after acquiring an additional 67,502 shares in the last quarter. Franklin Resources Inc. boosted its holdings in FedEx by 8.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock valued at $1,042,050,000 after purchasing an additional 314,380 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of FedEx by 0.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider’s stock worth $465,031,000 after purchasing an additional 11,100 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of FedEx by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock valued at $397,267,000 after buying an additional 13,093 shares in the last quarter. Finally, Sentry LLC raised its position in shares of FedEx by 0.4% in the fourth quarter. Sentry LLC now owns 1,217,117 shares of the shipping service provider’s stock valued at $342,412,000 after buying an additional 5,404 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Down 1.1 %

FDX stock opened at $256.01 on Friday. The firm has a market capitalization of $61.66 billion, a PE ratio of 16.32, a P/E/G ratio of 1.10 and a beta of 1.18. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84. The stock’s 50 day moving average is $275.52 and its 200-day moving average is $280.86.

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

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is 35.18%.

Insider Activity at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were 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 approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane bought 333 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FDX has been the subject of several analyst reports. Raymond James lifted their price objective on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Loop Capital cut shares of FedEx from a “buy” rating to a “hold” rating and cut their price objective for the stock from $365.00 to $283.00 in a research report on Monday, February 3rd. BMO Capital Markets raised their target price on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Stephens lowered their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, December 20th. Finally, 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 note on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.