Horrell Capital Management Inc. Acquires 76 Shares of FedEx Co. (NYSE:FDX)

Horrell Capital Management Inc. lifted its holdings in FedEx Co. (NYSE:FDX) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,675 shares of the shipping service provider’s stock after purchasing an additional 76 shares during the period. FedEx accounts for approximately 2.2% of Horrell Capital Management Inc.’s portfolio, making the stock its 12th biggest holding. Horrell Capital Management Inc.’s holdings in FedEx were worth $7,504,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FDX. Fortitude Family Office LLC grew its position in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in FedEx during the fourth quarter worth about $28,000. City Holding Co. acquired a new stake in FedEx during the fourth quarter worth about $28,000. Kentucky Trust Co acquired a new stake in FedEx during the fourth quarter worth about $28,000. Finally, Activest Wealth Management acquired a new stake in FedEx during the fourth quarter worth about $29,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

FDX stock opened at $230.25 on Monday. 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 company has a 50 day moving average price of $259.95 and a 200 day moving average price of $272.35. FedEx Co. has a fifty-two week low of $217.22 and a fifty-two week high of $313.84. The stock has a market capitalization of $55.46 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The company had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $3.86 EPS. Analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Insider Activity

In other news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now 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 stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 111,886 shares in the company, valued at approximately $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 company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FDX shares. Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a report on Friday. Raymond James decreased their price objective on FedEx from $320.00 to $290.00 and set an “outperform” rating on the stock in a report on Friday. BMO Capital Markets decreased their price objective on FedEx from $330.00 to $275.00 and set a “market perform” rating on the stock in a report on Friday. JPMorgan Chase & Co. decreased their price objective on FedEx from $323.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday. Finally, StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $301.67.

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.