Journey Strategic Wealth LLC Increases Holdings in FedEx Co. (NYSE:FDX)

Journey Strategic Wealth LLC lifted its position in FedEx Co. (NYSE:FDX) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,832 shares of the shipping service provider’s stock after purchasing an additional 52 shares during the period. Journey Strategic Wealth LLC’s holdings in FedEx were worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Clearbridge Investments LLC increased its position in shares of FedEx by 63.9% during the 2nd quarter. Clearbridge Investments LLC now owns 7,917 shares of the shipping service provider’s stock valued at $2,374,000 after purchasing an additional 3,087 shares during the last quarter. Czech National Bank grew its position in FedEx by 6.4% during the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock valued at $12,564,000 after buying an additional 2,767 shares during the period. Alpha Omega Wealth Management LLC increased its holdings in FedEx by 11.1% during the third quarter. Alpha Omega Wealth Management LLC now owns 997 shares of the shipping service provider’s stock valued at $273,000 after buying an additional 100 shares during the last quarter. Allied Investment Advisors LLC raised its position in FedEx by 0.8% in the third quarter. Allied Investment Advisors LLC now owns 40,685 shares of the shipping service provider’s stock worth $11,135,000 after acquiring an additional 327 shares during the period. Finally, Quent Capital LLC boosted its stake in shares of FedEx by 187.0% during the 3rd quarter. Quent Capital LLC now owns 353 shares of the shipping service provider’s stock worth $97,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Insider Activity at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the transaction, the chief executive officer now owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FDX shares. Loop Capital upgraded FedEx from a “hold” rating to a “buy” rating and upped their price objective for the stock from $288.00 to $365.00 in a research note on Friday, December 20th. JPMorgan Chase & Co. upped their price target on FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Bank of America increased their target price on shares of FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus lowered their price target on shares of FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $325.43.

FedEx Price Performance

FedEx stock opened at $264.96 on Friday. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The company has a market cap of $63.82 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.14 and a beta of 1.20. The firm’s fifty day moving average is $279.62 and its 200 day moving average is $282.44. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter last year, the firm earned $3.99 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio is currently 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.