2,398 Shares in FedEx Corporation $FDX Bought by Whalerock Point Partners LLC

Whalerock Point Partners LLC acquired a new position in shares of FedEx Corporation (NYSE:FDX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,398 shares of the shipping service provider’s stock, valued at approximately $693,000.

Other large investors have also recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC bought a new position in FedEx during the fourth quarter worth $29,000. Tucker Asset Management LLC bought a new position in FedEx during the fourth quarter worth $29,000. Wilkerson Advisory Group LLC bought a new position in FedEx during the fourth quarter worth $29,000. ORG Partners LLC lifted its stake in FedEx by 50.0% during the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after purchasing an additional 35 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new position in FedEx during the fourth quarter worth $31,000. 84.47% of the stock is currently owned by institutional investors.

Insider Activity at FedEx

In related news, Director Susan C. Schwab sold 5,795 shares of FedEx stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the sale, the director directly owned 10,038 shares in the company, valued at $3,704,022. The trade was a 36.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the sale, the executive vice president owned 19,403 shares in the company, valued at approximately $7,110,229.35. This represents a 51.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 48,104 shares of company stock valued at $17,599,006 in the last ninety days. Company insiders own 0.53% of the company’s stock.

FedEx Stock Performance

FDX stock opened at $337.65 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a market capitalization of $80.57 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.54 and a beta of 1.28. FedEx Corporation has a 1 year low of $172.88 and a 1 year high of $342.81. The stock’s fifty day moving average is $371.84 and its two-hundred day moving average is $343.17.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. During the same period last year, the business posted $4.51 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, research analysts predict that FedEx Corporation will post 19.78 EPS for the current year.

FedEx Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, June 22nd. FedEx’s payout ratio is currently 30.87%.

Analyst Ratings Changes

Several equities analysts recently issued reports on FDX shares. Stephens restated an “overweight” rating and set a $435.00 price objective on shares of FedEx in a research note on Tuesday, April 14th. Wells Fargo & Company upgraded FedEx from an “overweight” rating to an “overweight” rating in a research note on Wednesday, May 27th. Jefferies Financial Group raised their target price on FedEx from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Citigroup initiated coverage on FedEx in a research note on Thursday, May 21st. They issued a “buy” rating and a $443.00 target price on the stock. Finally, Argus raised their target price on FedEx from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Eighteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $371.45.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.