MBM Wealth Consultants LLC Increases Position in FedEx Co. (NYSE:FDX)

MBM Wealth Consultants LLC grew its holdings in shares of FedEx Co. (NYSE:FDX) by 3.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,817 shares of the shipping service provider’s stock after acquiring an additional 142 shares during the period. MBM Wealth Consultants LLC’s holdings in FedEx were worth $1,321,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. AE Wealth Management LLC increased its holdings in shares of FedEx by 49.0% during the second quarter. AE Wealth Management LLC now owns 2,881 shares of the shipping service provider’s stock valued at $864,000 after acquiring an additional 948 shares in the last quarter. ProShare Advisors LLC increased its stake in FedEx by 6.2% during the 2nd quarter. ProShare Advisors LLC now owns 38,209 shares of the shipping service provider’s stock valued at $11,457,000 after purchasing an additional 2,230 shares in the last quarter. Bank of Montreal Can raised its holdings in FedEx by 13.1% in the second quarter. Bank of Montreal Can now owns 313,851 shares of the shipping service provider’s stock worth $94,130,000 after buying an additional 36,318 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of FedEx by 57.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,815 shares of the shipping service provider’s stock worth $13,437,000 after buying an additional 16,382 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of FedEx during the second quarter valued at approximately $2,956,000. 84.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FDX has been the topic of several analyst reports. Bank of America upped their price objective on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Citigroup upped their price target on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stephens reduced their price objective on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. Wells Fargo & Company upped their target price on shares of FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Finally, BMO Capital Markets boosted their price objective 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $325.61.

FedEx Trading Up 0.2 %

Shares of FedEx stock opened at $275.72 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company has a fifty day moving average of $283.19 and a 200 day moving average of $283.74. The company has a market capitalization of $66.41 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.14 and a beta of 1.20. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last released 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 return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter last year, the business posted $3.99 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. On average, sell-side analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. FedEx’s dividend payout ratio is 35.18%.

Insider Activity at FedEx

In other news, Director Amy B. Lane purchased 333 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the purchase, 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 legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now directly owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by corporate insiders.

About FedEx

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.