Paragon Capital Management LLC Has $6.58 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Paragon Capital Management LLC reduced its stake in shares of FedEx Co. (NYSE:FDX) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,402 shares of the shipping service provider’s stock after selling 927 shares during the period. FedEx comprises approximately 3.5% of Paragon Capital Management LLC’s portfolio, making the stock its 9th biggest position. Paragon Capital Management LLC’s holdings in FedEx were worth $6,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDX. United Bank bought a new stake in FedEx during the 3rd quarter worth approximately $615,000. Quest Partners LLC bought a new stake in FedEx during the 3rd quarter worth approximately $123,000. Pathstone Holdings LLC grew its holdings in shares of FedEx by 2.1% in the third quarter. Pathstone Holdings LLC now owns 28,592 shares of the shipping service provider’s stock valued at $7,827,000 after acquiring an additional 586 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of FedEx in the third quarter valued at approximately $2,611,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of FedEx by 0.3% in the third quarter. PNC Financial Services Group Inc. now owns 76,897 shares of the shipping service provider’s stock valued at $21,045,000 after acquiring an additional 259 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Insider Transactions at FedEx

In related news, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP John W. Dietrich acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was 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 owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This trade 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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James lowered FedEx from an “outperform” rating to a “market perform” rating in a report on Monday, February 3rd. Stephens reduced their target price on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. TD Cowen upped their target price on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a report on Friday, December 20th. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Finally, Sanford C. Bernstein downgraded FedEx from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $317.48.

FedEx Trading Down 0.5 %

NYSE FDX opened at $246.00 on Friday. The stock’s 50-day simple moving average is $260.76 and its two-hundred day simple moving average is $273.11. FedEx Co. has a twelve month low of $226.11 and a twelve month high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $59.25 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.11 and a beta of 1.23.

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

FedEx Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.24%. FedEx’s dividend payout ratio is currently 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.