FedEx Co. (NYSE:FDX) Shares Purchased by Avestar Capital LLC

Avestar Capital LLC raised its holdings in shares of FedEx Co. (NYSE:FDX) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,383 shares of the shipping service provider’s stock after purchasing an additional 129 shares during the quarter. Avestar Capital LLC’s holdings in FedEx were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FDX. Fortitude Family Office LLC grew its stake in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after purchasing an additional 52 shares in the last quarter. Evermay Wealth Management LLC grew its stake in FedEx by 72.7% during 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 in the last quarter. Peoples Financial Services CORP. acquired a new stake in FedEx during the 4th quarter valued at approximately $28,000. City Holding Co. acquired a new stake in FedEx during the 4th quarter valued at approximately $28,000. Finally, Kentucky Trust Co acquired a new stake in FedEx during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on FDX shares. UBS Group lifted their target price on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. BMO Capital Markets lifted their target price on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. TD Cowen lifted their target price on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Stifel Nicolaus decreased their target price on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Barclays lifted their target price on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $321.87.

FedEx Stock Up 1.8 %

Shares of FedEx stock opened at $267.83 on Friday. The business’s fifty day moving average price is $272.65 and its two-hundred day moving average price is $279.45. 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 $64.51 billion, a P/E ratio of 17.07, a PEG ratio of 1.07 and a beta of 1.18. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating 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 company had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same period last year, the firm earned $3.99 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company 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 dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.06%. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Insider Activity

In other news, Director Amy B. Lane purchased 333 shares of the stock in a transaction dated Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now owns 333 shares in the company, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John W. Dietrich purchased 1,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by insiders.

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.