Jag Capital Management LLC Boosts Stock Holdings in FedEx Co. (NYSE:FDX)

Jag Capital Management LLC raised its holdings in shares of FedEx Co. (NYSE:FDX) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 10,755 shares of the shipping service provider’s stock after purchasing an additional 248 shares during the period. Jag Capital Management LLC’s holdings in FedEx were worth $3,026,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI increased its position in FedEx by 13.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 13,215 shares of the shipping service provider’s stock valued at $3,708,000 after purchasing an additional 1,572 shares during the period. Synergy Investment Management LLC purchased a new position in FedEx during the 4th quarter valued at about $356,000. Charles Schwab Investment Management Inc. increased its position in FedEx by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,500,736 shares of the shipping service provider’s stock valued at $422,202,000 after purchasing an additional 49,160 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC increased its position in FedEx by 2.0% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,488 shares of the shipping service provider’s stock valued at $1,263,000 after purchasing an additional 89 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of FedEx by 4.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,932 shares of the shipping service provider’s stock valued at $4,763,000 after buying an additional 763 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

FDX opened at $258.62 on Tuesday. 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 firm has a fifty day moving average price of $268.58 and a 200 day moving average price of $277.14. FedEx Co. has a 1 year low of $242.92 and a 1 year high of $313.84. The stock has a market cap of $62.29 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.11 and a beta of 1.18.

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

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio is presently 35.18%.

Insiders Place Their Bets

In other FedEx news, Director Amy B. Lane bought 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The stock was acquired at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the transaction, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This 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 FedEx stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now directly 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 ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Barclays raised their price target on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, BMO Capital Markets raised their price target on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.74.

About FedEx

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.