Thompson Siegel & Walmsley LLC Increases Stock Position in FedEx Co. (NYSE:FDX)

Thompson Siegel & Walmsley LLC boosted its stake in FedEx Co. (NYSE:FDX) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 20,694 shares of the shipping service provider’s stock after buying an additional 270 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in FedEx were worth $5,822,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Citizens Financial Group Inc. RI lifted its stake in 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 worth $360,000 after purchasing an additional 38 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its stake in 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 worth $279,000 after purchasing an additional 39 shares in the last quarter. Harbour Investments Inc. lifted its stake in FedEx by 1.5% in the 3rd quarter. Harbour Investments Inc. now owns 2,661 shares of the shipping service provider’s stock worth $728,000 after purchasing an additional 40 shares in the last quarter. Cetera Trust Company N.A lifted its stake in FedEx by 0.5% in the 4th quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider’s stock worth $2,230,000 after purchasing an additional 40 shares in the last quarter. Finally, Griffin Asset Management Inc. increased its holdings in shares of FedEx by 0.4% in the 4th quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider’s stock worth $2,916,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FDX shares. Truist Financial started coverage on shares of FedEx in a report on Thursday. They issued a “buy” rating and a $305.00 target price on the stock. UBS Group boosted their target price on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, December 20th. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. reduced their target price on shares of FedEx from $372.00 to $323.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, Loop Capital downgraded shares of FedEx from a “buy” rating to a “hold” rating and reduced their target price for the stock from $365.00 to $283.00 in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and an average price target of $318.04.

Insider Transactions at FedEx

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

FedEx Price Performance

Shares of FDX stock opened at $240.74 on Friday. 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 company has a market capitalization of $57.98 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.11 and a beta of 1.23. The company’s 50-day simple moving average is $263.68 and its two-hundred day simple moving average is $274.89. FedEx Co. has a one year low of $239.50 and a one year high of $313.84.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share 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 analysts’ expectations of $22.14 billion. During the same quarter in the prior year, the company earned $3.99 EPS. The company’s revenue was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.29%. FedEx’s payout ratio is presently 35.18%.

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.