Clear Creek Financial Management LLC Purchases 191 Shares of FedEx Co. (NYSE:FDX)

Clear Creek Financial Management LLC lifted its position in FedEx Co. (NYSE:FDX) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,354 shares of the shipping service provider’s stock after buying an additional 191 shares during the period. Clear Creek Financial Management LLC’s holdings in FedEx were worth $381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FDX. GFS Advisors LLC purchased a new stake in shares of FedEx during the 4th quarter valued at about $26,855,000. Caprock Group LLC grew its position in FedEx by 19.1% in the 4th quarter. Caprock Group LLC now owns 10,222 shares of the shipping service provider’s stock worth $2,889,000 after purchasing an additional 1,636 shares during the period. New Wave Wealth Advisors LLC bought a new position in shares of FedEx during the 4th quarter valued at $32,000. Institute for Wealth Management LLC. boosted its stake in shares of FedEx by 0.9% in the 4th quarter. Institute for Wealth Management LLC. now owns 11,069 shares of the shipping service provider’s stock worth $3,114,000 after buying an additional 96 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of FedEx in the fourth quarter worth $162,000. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of recent research reports. Raymond James increased their target price on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 20th. BMO Capital Markets boosted their target price on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Wells Fargo & Company lifted their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Finally, Stifel Nicolaus decreased their target price on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $325.43.

Insider Activity

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

FedEx Price Performance

NYSE:FDX opened at $264.96 on Monday. The business’s 50-day moving average is $279.62 and its 200 day moving average is $282.22. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The company has a market capitalization of $63.82 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.14 and a beta of 1.20. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the prior year, the company earned $3.99 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities research analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.08%. FedEx’s dividend payout ratio (DPR) 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.