Strategic Blueprint LLC Has $664,000 Stock Holdings in FedEx Co. (NYSE:FDX)

Strategic Blueprint LLC boosted its stake in shares of FedEx Co. (NYSE:FDX) by 24.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,360 shares of the shipping service provider’s stock after buying an additional 458 shares during the period. Strategic Blueprint LLC’s holdings in FedEx were worth $664,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its position 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 acquiring an additional 52 shares in the last quarter. Evermay Wealth Management LLC lifted its holdings in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Peoples Financial Services CORP. bought a new stake in shares of FedEx in the fourth quarter valued at about $28,000. City Holding Co. bought a new position in shares of FedEx during the fourth quarter worth about $28,000. Finally, R Squared Ltd acquired a new stake in FedEx in the 4th quarter valued at approximately $31,000. Institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FDX. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised their target price on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Raymond James boosted their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $337.00 to $316.00 in a report on Tuesday, December 3rd. Finally, Barclays lifted their target price on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $325.43.

FedEx Stock Down 2.1 %

FDX stock opened at $269.39 on Friday. The business’s fifty day moving average price is $280.84 and its two-hundred day moving average price is $282.81. The stock has a market capitalization of $64.88 billion, a price-to-earnings ratio of 17.17, 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 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 (EPS) for the quarter, beating 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 firm had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the previous year, the firm posted $3.99 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts anticipate 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 Friday, January 3rd. Investors of record on Monday, December 9th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is currently 35.18%.

Insider Activity at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction that occurred on 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 directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the sale, the chief executive officer now owns 111,886 shares in the company, valued at $30,984,589.98. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by insiders.

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.