FedEx Co. (NYSE:FDX) Shares Bought by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC raised its position in FedEx Co. (NYSE:FDX) by 3.6% in the 4th quarter, Holdings Channel reports. The fund owned 48,373 shares of the shipping service provider’s stock after purchasing an additional 1,667 shares during the period. FedEx accounts for 2.6% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 12th biggest holding. Jacobson & Schmitt Advisors LLC’s holdings in FedEx were worth $13,609,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. IVC Wealth Advisors LLC boosted its position in shares of FedEx by 2.0% in the 3rd quarter. IVC Wealth Advisors LLC now owns 1,948 shares of the shipping service provider’s stock valued at $533,000 after purchasing an additional 38 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of FedEx by 3.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider’s stock valued at $360,000 after purchasing an additional 38 shares during the period. Turtle Creek Wealth Advisors LLC boosted its position in shares of FedEx by 4.0% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,020 shares of the shipping service provider’s stock valued at $279,000 after purchasing an additional 39 shares during the period. Evermay Wealth Management LLC boosted its position in shares of FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after purchasing an additional 40 shares during the period. Finally, Harbour Investments Inc. boosted its position in shares of FedEx by 1.5% in the 3rd quarter. Harbour Investments Inc. now owns 2,661 shares of the shipping service provider’s stock valued at $728,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Down 0.2 %

Shares of FDX stock opened at $267.02 on Thursday. The stock’s 50 day simple moving average is $271.65 and its 200 day simple moving average is $278.45. 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 twelve month low of $235.32 and a twelve month high of $313.84. The company has a market capitalization of $64.31 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.11 and a beta of 1.18.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.88 by $0.17. The company had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $3.99 EPS. As a group, research analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

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 $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio is currently 35.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FDX shares. BMO Capital Markets increased their price target on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Stifel Nicolaus decreased their price objective on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $365.00 to $283.00 in a research report on Monday, February 3rd. Finally, Citigroup raised their price objective on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.87.

Insiders Place Their Bets

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