Park Avenue Securities LLC Acquires 698 Shares of FedEx Co. (NYSE:FDX)

Park Avenue Securities LLC boosted its holdings in FedEx Co. (NYSE:FDX) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,741 shares of the shipping service provider’s stock after acquiring an additional 698 shares during the quarter. Park Avenue Securities LLC’s holdings in FedEx were worth $1,615,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Kathmere Capital Management LLC increased its stake in shares of FedEx by 24.9% during the 4th quarter. Kathmere Capital Management LLC now owns 913 shares of the shipping service provider’s stock worth $257,000 after purchasing an additional 182 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of FedEx by 137.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 227,965 shares of the shipping service provider’s stock worth $64,133,000 after purchasing an additional 132,036 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its stake in shares of FedEx by 8.5% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 858 shares of the shipping service provider’s stock worth $241,000 after purchasing an additional 67 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in FedEx by 2.9% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,685 shares of the shipping service provider’s stock valued at $1,037,000 after buying an additional 105 shares in the last quarter. Finally, Peoples Financial Services CORP. bought a new stake in FedEx during the 4th quarter valued at $28,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FedEx stock opened at $275.11 on Friday. 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 capitalization of $66.26 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.12 and a beta of 1.20. The firm’s 50 day moving average is $283.48 and its two-hundred day moving average is $284.04. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping 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 business had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same period last year, the firm posted $3.99 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts forecast that FedEx Co. will post 19.2 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Insider Transactions at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane acquired 333 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FDX shares. Citigroup increased their price objective on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus increased their price target on shares of FedEx from $321.00 to $368.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Stephens reduced their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. BMO Capital Markets increased their target price on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Finally, Bank of America boosted their price target on shares of FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $325.61.

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.