NFP Retirement Inc. Invests $227,000 in FedEx Co. (NYSE:FDX)

NFP Retirement Inc. bought a new stake in shares of FedEx Co. (NYSE:FDX) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 806 shares of the shipping service provider’s stock, valued at approximately $227,000.

Other institutional investors also recently bought and sold shares of the company. bLong Financial LLC purchased a new stake in shares of FedEx during the fourth quarter worth about $391,000. Virtu Financial LLC acquired a new stake in FedEx in the 3rd quarter worth approximately $3,405,000. Lodestone Wealth Management LLC purchased a new stake in FedEx during the 4th quarter worth approximately $461,000. Wedmont Private Capital increased its stake in FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after purchasing an additional 91 shares in the last quarter. Finally, GFS Advisors LLC purchased a new position in shares of FedEx in the fourth quarter worth $26,855,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 completion of the sale, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

FedEx Trading Up 0.5 %

Shares of FDX stock opened at $207.46 on Friday. The stock has a 50 day simple moving average of $244.07 and a 200-day simple moving average of $265.74. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84. The company has a market cap of $49.71 billion, a price-to-earnings ratio of 13.22, a PEG 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 posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). The company had revenue of $22.16 billion for the quarter, compared to analysts’ expectations of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.86 earnings per share. On average, equities research analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FDX shares. Barclays dropped their price objective on shares of FedEx from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Stephens dropped their price target on FedEx from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Friday, March 21st. Deutsche Bank Aktiengesellschaft began coverage on FedEx in a research note on Friday, March 7th. They issued a “buy” rating and a $337.00 price objective for the company. Oppenheimer reiterated a “market perform” rating on shares of FedEx in a research report on Friday, March 21st. Finally, UBS Group reduced their price target on shares of FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.63.

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.