2,612 Shares in FedEx Co. (NYSE:FDX) Purchased by Triumph Capital Management

Triumph Capital Management acquired a new stake in shares of FedEx Co. (NYSE:FDX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,612 shares of the shipping service provider’s stock, valued at approximately $735,000.

A number of other hedge funds also recently added to or reduced their stakes in FDX. bLong Financial LLC purchased a new position in shares of FedEx during the 4th quarter worth approximately $391,000. Virtu Financial LLC purchased a new position in FedEx in the third quarter worth $3,405,000. Lodestone Wealth Management LLC acquired a new stake in FedEx in the fourth quarter valued at $461,000. Wedmont Private Capital lifted its holdings in FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after acquiring an additional 91 shares during the period. Finally, GFS Advisors LLC purchased a new stake in shares of FedEx during the 4th quarter worth $26,855,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FedEx news, COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.87% of the stock is owned by company insiders.

FedEx Price Performance

FDX opened at $209.88 on Wednesday. The stock has a market capitalization of $50.29 billion, a PE ratio of 13.38, a P/E/G ratio of 1.11 and a beta of 1.24. The company’s 50 day simple moving average is $231.19 and its 200 day simple moving average is $261.06. FedEx Co. has a 1 year low of $194.30 and a 1 year 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.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same period in the prior year, the firm earned $3.86 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, March 10th. FedEx’s payout ratio is 34.63%.

Analysts Set New Price Targets

Several brokerages recently commented on FDX. Raymond James reduced their price objective on shares of FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Stifel Nicolaus reduced their price target on shares of FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Bank of America lowered their price target on FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Barclays decreased their target price on FedEx from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, March 21st. Finally, Jefferies Financial Group upgraded FedEx from a “hold” rating to a “buy” rating and dropped their price target for the company from $300.00 to $275.00 in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $297.71.

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.