Tower Research Capital LLC TRC Boosts Stock Position in FedEx Co. (NYSE:FDX)

Tower Research Capital LLC TRC raised its position in FedEx Co. (NYSE:FDX) by 48.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,810 shares of the shipping service provider’s stock after acquiring an additional 3,192 shares during the quarter. Tower Research Capital LLC TRC’s holdings in FedEx were worth $2,760,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FDX. Fortitude Family Office LLC raised its holdings 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 acquiring an additional 52 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of FedEx in the 4th quarter valued at $26,000. Peoples Financial Services CORP. acquired a new position in shares of FedEx during the fourth quarter worth $28,000. City Holding Co. purchased a new position in FedEx in the fourth quarter valued at $28,000. Finally, Kentucky Trust Co acquired a new stake in FedEx in the fourth quarter valued at $28,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction dated 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.87% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FDX shares. Loop Capital lowered FedEx from a “hold” rating to a “sell” rating and cut their target price for the stock from $283.00 to $221.00 in a research report on Friday, March 21st. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. TD Cowen reduced their target price on FedEx from $337.00 to $310.00 and set a “buy” rating for the company in a report on Friday, March 21st. Raymond James reduced their price objective on FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Finally, BMO Capital Markets reduced their price target on shares of FedEx from $330.00 to $275.00 and set a “market perform” rating for the company in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $300.63.

FedEx Stock Down 1.1 %

Shares of FDX opened at $205.21 on Tuesday. 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 cap of $49.17 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The company’s fifty day moving average is $237.90 and its two-hundred day moving average is $263.23. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. During the same period last year, the company posted $3.86 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts forecast that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.69%. The ex-dividend date was Monday, March 10th. FedEx’s dividend payout ratio (DPR) is presently 34.63%.

About FedEx

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.