113 Shares in FedEx Co. (NYSE:FDX) Purchased by Runnymede Capital Advisors Inc.

Runnymede Capital Advisors Inc. purchased a new position in FedEx Co. (NYSE:FDX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 113 shares of the shipping service provider’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC grew its position in FedEx by 45.8% in the fourth quarter. Mizuho Securities USA LLC now owns 21,304 shares of the shipping service provider’s stock worth $5,993,000 after acquiring an additional 6,690 shares in the last quarter. Millstone Evans Group LLC bought a new stake in FedEx in the fourth quarter worth about $123,000. TD Private Client Wealth LLC lifted its stake in FedEx by 6.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,264 shares of the shipping service provider’s stock worth $356,000 after purchasing an additional 81 shares during the last quarter. Gutierrez Wealth Advisory LLC bought a new stake in FedEx in the fourth quarter worth about $263,000. Finally, Lee Danner & Bass Inc. lifted its stake in FedEx by 0.4% in the fourth quarter. Lee Danner & Bass Inc. now owns 64,812 shares of the shipping service provider’s stock worth $18,233,000 after purchasing an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on FDX. UBS Group decreased their price objective on shares of FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a research note on Friday. Stephens decreased their price objective on shares of FedEx from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday. Piper Sandler downgraded shares of FedEx to a “neutral” rating in a research note on Monday, February 3rd. TD Cowen decreased their price target on shares of FedEx from $337.00 to $310.00 and set a “buy” rating for the company in a research note on Friday. Finally, StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus price target of $301.67.

Insider Activity

In related news, Director Amy B. Lane acquired 333 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

FedEx Price Performance

NYSE FDX opened at $230.25 on Friday. The firm’s fifty day simple moving average is $259.95 and its two-hundred day simple moving average is $272.49. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12-month low of $217.22 and a 12-month high of $313.84. The firm has a market capitalization of $55.46 billion, a P/E ratio of 14.68, a P/E/G 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 (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22.16 billion during the quarter, compared to analysts’ expectations of $21.96 billion. During the same period in the prior year, the firm posted $3.86 earnings per share. FedEx’s revenue for the quarter was up 1.9% compared to the same quarter last year. 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 dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio (DPR) 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.