FedEx Co. (NYSE:FDX) Stake Lifted by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC raised its position in FedEx Co. (NYSE:FDX) by 198.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,726 shares of the shipping service provider’s stock after purchasing an additional 8,462 shares during the quarter. FedEx comprises approximately 1.4% of Duncan Williams Asset Management LLC’s investment portfolio, making the stock its 15th biggest holding. Duncan Williams Asset Management LLC’s holdings in FedEx were worth $3,580,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Gradient Investments LLC raised its stake in shares of FedEx by 4.9% in the 4th quarter. Gradient Investments LLC now owns 1,868 shares of the shipping service provider’s stock worth $526,000 after buying an additional 88 shares in the last quarter. CX Institutional increased its stake in FedEx by 6.7% in the 4th quarter. CX Institutional now owns 2,722 shares of the shipping service provider’s stock worth $766,000 after purchasing an additional 170 shares in the last quarter. RFG Advisory LLC raised its holdings in FedEx by 30.2% during the 4th quarter. RFG Advisory LLC now owns 1,035 shares of the shipping service provider’s stock worth $291,000 after buying an additional 240 shares during the period. Financial Partners Group LLC lifted its stake in FedEx by 1.1% during the fourth quarter. Financial Partners Group LLC now owns 36,728 shares of the shipping service provider’s stock valued at $10,333,000 after buying an additional 393 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of FedEx by 30.5% in the fourth quarter. Cornerstone Wealth Management LLC now owns 2,284 shares of the shipping service provider’s stock worth $642,000 after buying an additional 534 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FedEx

In other FedEx news, EVP John W. Dietrich purchased 1,000 shares of the stock in a transaction dated Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction on 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 sale, the director now owns 8,904 shares of the company’s stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on FDX. Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and upped their price target for the company from $288.00 to $365.00 in a research report on Friday, December 20th. BMO Capital Markets increased their target price on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. TD Cowen lifted their price target on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a report on Friday, December 20th. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.43.

FedEx Stock Performance

Shares of NYSE:FDX opened at $273.12 on Friday. The stock has a market capitalization of $65.78 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The business’s fifty day moving average price is $281.64 and its two-hundred day moving average price is $283.27. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. 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, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. The company 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%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $3.99 earnings per share. As a group, analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio is presently 35.18%.

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.