Bradley & Co. Private Wealth Management LLC Makes New Investment in FedEx Co. (NYSE:FDX)

Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of FedEx Co. (NYSE:FDX) in the fourth quarter, Holdings Channel.com reports. The fund acquired 2,389 shares of the shipping service provider’s stock, valued at approximately $672,000. FedEx comprises about 0.4% of Bradley & Co. Private Wealth Management LLC’s holdings, making the stock its 21st biggest holding.

Several other large investors have also modified their holdings of the stock. Fortitude Family Office LLC increased its position in shares of FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 52 shares in the last quarter. Evermay Wealth Management LLC boosted its stake in FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares during the period. Peoples Financial Services CORP. purchased a new position in FedEx during the 4th quarter worth approximately $28,000. City Holding Co. purchased a new position in FedEx during the 4th quarter worth approximately $28,000. Finally, Kentucky Trust Co acquired a new stake in FedEx during the 4th quarter valued at $28,000. 84.47% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP John W. Dietrich acquired 1,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the acquisition, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. The trade was a 12.40 % 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, Director Amy B. Lane bought 333 shares of the stock in a transaction dated Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the acquisition, the director now owns 333 shares in the company, valued at $91,927.98. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FDX shares. JPMorgan Chase & Co. upped their target price on FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Raymond James lowered shares of FedEx from an “outperform” rating to a “market perform” rating in a research note on Monday, February 3rd. Citigroup lifted their target price on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Barclays upped their price target on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average price target of $321.87.

FedEx Trading Up 1.1 %

Shares of FDX opened at $256.31 on Wednesday. The stock’s 50-day moving average price is $269.72 and its 200 day moving average price is $277.80. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $61.73 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.11 and a beta of 1.18. FedEx Co. has a 12-month low of $239.07 and a 12-month high of $313.84.

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

FedEx Dividend Announcement

The firm 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 2.15%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is 35.18%.

FedEx Company 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.