Harel Insurance Investments & Financial Services Ltd. Has $307,000 Holdings in FedEx Co. (NYSE:FDX)

Harel Insurance Investments & Financial Services Ltd. decreased its position in FedEx Co. (NYSE:FDX) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,089 shares of the shipping service provider’s stock after selling 99 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in FedEx were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC increased its stake in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after buying an additional 52 shares during the last quarter. Evermay Wealth Management LLC grew its holdings in shares of FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after acquiring an additional 40 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in shares of FedEx in the fourth quarter valued at about $28,000. City Holding Co. bought a new stake in FedEx during the fourth quarter worth about $28,000. Finally, Highline Wealth Partners LLC acquired a new position in FedEx during the third quarter valued at approximately $31,000. 84.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on FDX shares. Wells Fargo & Company boosted their price target on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Stephens cut their price target 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. Raymond James boosted their price objective on shares of FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Bank of America raised their target price on shares of FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, BMO Capital Markets boosted their price target on FedEx from $300.00 to $330.00 and gave the stock a “market perform” 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 given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $325.43.

FedEx Stock Performance

NYSE:FDX opened at $273.12 on Friday. The company has a market cap of $65.78 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.12 and a beta of 1.20. 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 quick ratio of 1.19 and a current ratio of 1.23. The stock has a fifty day moving average price of $281.64 and a 200-day moving average price of $283.27.

FedEx (NYSE:FDX) last announced its quarterly earnings data 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. The firm had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $3.99 earnings per share. As a group, equities analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.02%. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Insider Buying and Selling

In related news, Director Amy B. Lane acquired 333 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was acquired at an average price of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John W. Dietrich bought 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were bought at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.

FedEx Company 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.