Consolidated Planning Corp Purchases 655 Shares of FedEx Co. (NYSE:FDX)

Consolidated Planning Corp boosted its position in FedEx Co. (NYSE:FDX) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,561 shares of the shipping service provider’s stock after buying an additional 655 shares during the quarter. Consolidated Planning Corp’s holdings in FedEx were worth $6,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC lifted its stake in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares during the last quarter. Evermay Wealth Management LLC increased its stake 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 worth $26,000 after buying an additional 40 shares during the period. Peoples Financial Services CORP. purchased a new stake in FedEx during the 4th quarter valued at $28,000. City Holding Co. purchased a new position in shares of FedEx in the fourth quarter valued at about $28,000. Finally, Kentucky Trust Co purchased a new stake in shares of FedEx during the fourth quarter worth about $28,000. 84.47% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction 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 legal filing with the SEC, which can be accessed through this link. Also, Director Amy B. Lane bought 333 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FDX shares. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Bank of America boosted their price target on shares of FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Wells Fargo & Company raised their price objective on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and decreased their target price for the stock from $365.00 to $283.00 in a research report on Monday, February 3rd. Finally, Citigroup lifted their price target on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $321.87.

FedEx Trading Up 0.7 %

FedEx stock opened at $262.96 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $63.33 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The business’s fifty day moving average is $273.38 and its 200 day moving average is $279.68. FedEx Co. has a one year low of $234.45 and a one year high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The company 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 firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.99 earnings per share. On average, sell-side analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a $1.38 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 2.10%. FedEx’s payout ratio is 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.