FedEx Co. (NYSE:FDX) Shares Purchased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC increased its stake in shares of FedEx Co. (NYSE:FDX) by 11.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,630 shares of the shipping service provider’s stock after acquiring an additional 168 shares during the period. Schechter Investment Advisors LLC’s holdings in FedEx were worth $459,000 at the end of the most recent reporting period.

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

FedEx Trading Up 1.2 %

FedEx stock opened at $250.64 on Thursday. 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 50-day moving average price of $267.66 and a two-hundred day moving average price of $276.69. The firm has a market capitalization of $60.37 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.11 and a beta of 1.23. FedEx Co. has a 52-week low of $242.92 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last posted its earnings results 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 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%. FedEx’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $3.99 EPS. Sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently announced 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. This represents a $5.52 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is 35.18%.

Insider Buying and Selling at FedEx

In other news, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 directly owns 8,904 shares of the company’s stock, valued at approximately $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. 8.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent analyst reports. UBS Group upped their target price on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and cut their target price for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Raymond James lowered FedEx from an “outperform” rating to a “market perform” rating in a research report on Monday, February 3rd. Barclays upped their target price on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Bank of America upped their target price on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average target price of $319.74.

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.