FedEx Co. (NYSE:FDX) Shares Bought by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC raised its holdings in FedEx Co. (NYSE:FDX) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,488 shares of the shipping service provider’s stock after purchasing an additional 89 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in FedEx were worth $1,263,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC increased its stake in FedEx by 144.4% in the fourth 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 during the period. Peoples Financial Services CORP. acquired a new position in FedEx in the fourth quarter valued at $28,000. City Holding Co. acquired a new position in FedEx in the fourth quarter valued at $28,000. Kentucky Trust Co acquired a new position in FedEx in the fourth quarter valued at $28,000. Finally, Activest Wealth Management purchased a new stake in shares of FedEx in the fourth quarter valued at about $29,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on FDX shares. TD Cowen lifted their target price on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a report on Friday, December 20th. Barclays lifted their target price on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Stephens lowered their target price on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. BMO Capital Markets lifted their target price on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, Wells Fargo & Company lifted their target price on shares of FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $319.74.

Insider Buying and Selling at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John W. Dietrich bought 1,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the acquisition, the executive vice president now directly owns 9,067 shares of the company’s stock, 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 currently owned by insiders.

FedEx Price Performance

Shares of FDX stock opened at $258.62 on Tuesday. The company has a market capitalization of $62.29 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. The firm has a fifty day simple moving average of $268.58 and a 200-day simple moving average of $277.14. 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 twelve month low of $242.92 and a twelve month high of $313.84.

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 analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the prior year, the firm posted $3.99 EPS. The firm’s revenue was down .7% compared to the same quarter last year. Equities research analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business 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 dividend of $1.38 per share. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.13%. FedEx’s dividend payout ratio (DPR) 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.