FedEx Co. (NYSE:FDX) Stake Boosted by Nicolet Bankshares Inc.

Nicolet Bankshares Inc. lifted its stake in FedEx Co. (NYSE:FDX) by 49.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,808 shares of the shipping service provider’s stock after acquiring an additional 925 shares during the quarter. Nicolet Bankshares Inc.’s holdings in FedEx were worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Petros Family Wealth LLC acquired a new stake in shares of FedEx during the 4th quarter valued at about $363,000. NFP Retirement Inc. acquired a new stake in FedEx in the fourth quarter valued at approximately $227,000. Heritage Trust Co bought a new stake in FedEx in the fourth quarter worth approximately $1,473,000. Jaffetilchin Investment Partners LLC increased its stake in shares of FedEx by 165.7% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 6,884 shares of the shipping service provider’s stock worth $1,937,000 after purchasing an additional 4,293 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of FedEx by 38.6% during the 4th quarter. Covestor Ltd now owns 750 shares of the shipping service provider’s stock valued at $211,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

FedEx stock opened at $207.46 on Friday. The business has a 50 day simple moving average of $244.07 and a 200 day simple moving average of $265.74. FedEx Co. has a one year low of $194.30 and a one year high of $313.84. The company has a market capitalization of $49.71 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. 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 (NYSE:FDX) last issued its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.86 EPS. On average, sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, March 10th. FedEx’s dividend payout ratio (DPR) is currently 34.63%.

Insider Transactions at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction dated 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 owns 8,904 shares in the company, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares of the company’s stock, valued at $5,686,161.85. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FDX shares. Piper Sandler cut shares of FedEx to a “neutral” rating in a report on Monday, February 3rd. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Jefferies Financial Group raised FedEx from a “hold” rating to a “buy” rating and cut their price objective for the company from $300.00 to $275.00 in a research note on Monday, March 24th. JPMorgan Chase & Co. decreased their target price on FedEx from $323.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, March 21st. Finally, StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.63.

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.