YANKCOM Partnership Takes $886,000 Position in FedEx Co. (NYSE:FDX)

YANKCOM Partnership bought a new position in shares of FedEx Co. (NYSE:FDX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,148 shares of the shipping service provider’s stock, valued at approximately $886,000.

Several other large investors have also recently modified their holdings of the business. Fortitude Family Office LLC increased its stake in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 52 shares during the last quarter. Evermay Wealth Management LLC grew its holdings in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Peoples Financial Services CORP. purchased a new position in shares of FedEx in the fourth quarter valued at about $28,000. City Holding Co. purchased a new position in FedEx during the 4th quarter valued at about $28,000. Finally, Highline Wealth Partners LLC bought a new position in shares of FedEx during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

FDX has been the topic of several research reports. Raymond James lifted their price objective on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. TD Cowen raised their price objective on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Citigroup boosted their price target on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Barclays raised their target price on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, BMO Capital Markets upped their price target on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $321.87.

Insider Transactions at FedEx

In related news, Director Amy B. Lane bought 333 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, with a total value of $91,927.98. Following the transaction, the director now owns 333 shares in the company, valued at $91,927.98. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John W. Dietrich purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the acquisition, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

FedEx Trading Up 0.7 %

FedEx stock opened at $252.62 on Thursday. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The firm’s 50 day moving average price is $277.43 and its 200-day moving average price is $281.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market cap of $60.84 billion, a P/E ratio of 16.10, a PEG ratio of 1.10 and a beta of 1.18.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the previous 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, equities analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is 35.18%.

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.