Catalyst Capital Advisors LLC Acquires 178 Shares of FedEx Co. (NYSE:FDX)

Catalyst Capital Advisors LLC increased its holdings in FedEx Co. (NYSE:FDX) by 96.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 363 shares of the shipping service provider’s stock after purchasing an additional 178 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in FedEx were worth $102,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FDX. Exchange Traded Concepts LLC bought a new stake in shares of FedEx in the third quarter worth $97,000. Blue Trust Inc. boosted its position in FedEx by 112.0% during the third quarter. Blue Trust Inc. now owns 1,802 shares of the shipping service provider’s stock valued at $540,000 after acquiring an additional 952 shares during the last quarter. OLD National Bancorp IN boosted its position in FedEx by 2.1% during the third quarter. OLD National Bancorp IN now owns 3,930 shares of the shipping service provider’s stock valued at $1,076,000 after acquiring an additional 80 shares during the last quarter. Vest Financial LLC bought a new stake in FedEx during the third quarter valued at $336,000. Finally, Venture Visionary Partners LLC boosted its position in FedEx by 23.1% during the third quarter. Venture Visionary Partners LLC now owns 4,713 shares of the shipping service provider’s stock valued at $1,290,000 after acquiring an additional 884 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other news, EVP John W. Dietrich acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on FDX. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Loop Capital cut shares of FedEx from a “buy” rating to a “hold” rating and cut their price target for the company from $365.00 to $283.00 in a research report on Monday, February 3rd. UBS Group upped their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. upped their price objective on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $321.87.

FedEx Trading Down 0.2 %

FDX opened at $267.35 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a fifty-two week low of $235.32 and a fifty-two week high of $313.84. The firm has a market capitalization of $64.39 billion, a PE ratio of 17.04, a P/E/G ratio of 1.07 and a beta of 1.18. The company’s 50-day moving average is $272.17 and its 200 day moving average is $278.71.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $3.99 EPS. As a group, research analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.06%. FedEx’s dividend payout ratio (DPR) is 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.