Larson Financial Group LLC Has $921,000 Stock Position in FedEx Co. (NYSE:FDX)

Larson Financial Group LLC lessened its stake in FedEx Co. (NYSE:FDX) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,272 shares of the shipping service provider’s stock after selling 377 shares during the quarter. Larson Financial Group LLC’s holdings in FedEx were worth $921,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. HM Payson & Co. boosted its stake in FedEx by 121.7% in the 4th quarter. HM Payson & Co. now owns 1,647 shares of the shipping service provider’s stock worth $463,000 after purchasing an additional 904 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of FedEx in the fourth quarter valued at about $4,994,000. PNC Financial Services Group Inc. boosted its position in shares of FedEx by 1.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 78,136 shares of the shipping service provider’s stock worth $21,982,000 after buying an additional 1,239 shares during the period. Banco Santander S.A. grew its holdings in shares of FedEx by 142.9% during the fourth quarter. Banco Santander S.A. now owns 2,281 shares of the shipping service provider’s stock worth $642,000 after buying an additional 1,342 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its position in FedEx by 11.1% in the 4th quarter. Aviance Capital Partners LLC now owns 9,920 shares of the shipping service provider’s stock valued at $2,791,000 after buying an additional 994 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FDX. Stifel Nicolaus reduced their price target on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Wells Fargo & Company decreased their target price on shares of FedEx from $320.00 to $275.00 and set an “equal weight” rating for the company in a research report on Thursday. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Finally, Citigroup raised their price objective on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.58.

FedEx Stock Up 1.6 %

Shares of FDX opened at $253.80 on Monday. The stock’s 50-day moving average price is $266.55 and its two-hundred day moving average price is $276.07. FedEx Co. has a 12 month low of $242.92 and a 12 month high of $313.84. The company has a market capitalization of $61.13 billion, a PE ratio of 16.18, a PEG ratio of 1.11 and a beta of 1.23. 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 quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping 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 company had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same period in the previous year, the firm earned $3.99 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently declared 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. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.17%. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Insiders Place Their Bets

In related news, EVP John W. Dietrich bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane purchased 333 shares of FedEx stock in a transaction on Thursday, December 26th. The stock was bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

FedEx Company 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.