Trust Co. of Vermont Purchases 105 Shares of FedEx Co. (NYSE:FDX)

Trust Co. of Vermont boosted its position in FedEx Co. (NYSE:FDX) by 3.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,806 shares of the shipping service provider’s stock after purchasing an additional 105 shares during the period. Trust Co. of Vermont’s holdings in FedEx were worth $841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. Mather Group LLC. raised its stake in shares of FedEx by 9.7% during the 2nd quarter. Mather Group LLC. now owns 6,263 shares of the shipping service provider’s stock worth $1,815,000 after purchasing an additional 554 shares during the period. Douglas Lane & Associates LLC boosted its stake in FedEx by 2.8% in the second quarter. Douglas Lane & Associates LLC now owns 8,910 shares of the shipping service provider’s stock valued at $2,672,000 after acquiring an additional 245 shares during the last quarter. Birch Capital Management LLC grew its position in shares of FedEx by 4.9% during the 2nd quarter. Birch Capital Management LLC now owns 5,277 shares of the shipping service provider’s stock valued at $1,582,000 after acquiring an additional 245 shares during the period. Cascade Investment Advisors Inc. increased its stake in shares of FedEx by 0.7% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 6,934 shares of the shipping service provider’s stock worth $2,079,000 after purchasing an additional 45 shares during the last quarter. Finally, Bank & Trust Co bought a new stake in shares of FedEx in the 2nd quarter worth approximately $172,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Guy M. Erwin II sold 116 shares of FedEx stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $299.24, for a total transaction of $34,711.84. Following the sale, the chief accounting officer now directly owns 930 shares in the company, valued at $278,293.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Guy M. Erwin II sold 116 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total value of $34,711.84. Following the completion of the transaction, the chief accounting officer now directly owns 930 shares in the company, valued at approximately $278,293.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert B. Carter sold 16,010 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $294.48, for a total transaction of $4,714,624.80. Following the sale, the executive vice president now directly owns 59,884 shares in the company, valued at approximately $17,634,640.32. The disclosure for this sale can be found here. Insiders sold 32,944 shares of company stock worth $9,882,355 over the last three months. Company insiders own 8.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FDX. Stephens reissued an “overweight” rating and issued a $325.00 target price on shares of FedEx in a research report on Wednesday, June 26th. JPMorgan Chase & Co. upgraded FedEx from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $296.00 to $359.00 in a research note on Wednesday, June 26th. Raymond James dropped their price objective on shares of FedEx from $325.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. UBS Group reduced their target price on shares of FedEx from $340.00 to $333.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Finally, Stifel Nicolaus restated a “buy” rating and set a $327.00 price target (up from $303.00) on shares of FedEx in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $314.00.

FedEx Trading Up 0.9 %

NYSE:FDX traded up $2.64 during mid-day trading on Tuesday, reaching $285.73. 1,399,204 shares of the company’s stock traded hands, compared to its average volume of 1,897,218. FedEx Co. has a 12-month low of $224.69 and a 12-month high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.32. The company has a 50 day moving average price of $278.50 and a 200-day moving average price of $264.60. The firm has a market capitalization of $70.31 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.08 and a beta of 1.18.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.34 by $0.07. The firm had revenue of $22.11 billion for the quarter, compared to analysts’ expectations of $22.04 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.94 earnings per share. On average, sell-side analysts predict that FedEx Co. will post 20.94 earnings per share for the current year.

FedEx Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Monday, June 24th were paid a $1.38 dividend. This is an increase from FedEx’s previous quarterly dividend of $1.26. This represents a $5.52 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Monday, June 24th. FedEx’s dividend payout ratio is presently 32.04%.

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.