FedEx Co. (NYSE:FDX) Shares Purchased by First National Trust Co

First National Trust Co boosted its position in shares of FedEx Co. (NYSE:FDX) by 6.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,174 shares of the shipping service provider’s stock after acquiring an additional 1,582 shares during the period. First National Trust Co’s holdings in FedEx were worth $7,645,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. United Bank acquired a new stake in FedEx in the third quarter valued at $615,000. Apollon Wealth Management LLC raised its position in shares of FedEx by 12.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 3,861 shares of the shipping service provider’s stock worth $1,057,000 after acquiring an additional 437 shares in the last quarter. Harbour Investments Inc. raised its holdings in FedEx by 1.5% during the third quarter. Harbour Investments Inc. now owns 2,661 shares of the shipping service provider’s stock worth $728,000 after purchasing an additional 40 shares in the last quarter. Haverford Trust Co raised its holdings in FedEx by 7.3% during the third quarter. Haverford Trust Co now owns 1,840 shares of the shipping service provider’s stock worth $504,000 after purchasing an additional 125 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in FedEx by 10.2% during the third quarter. Oppenheimer & Co. Inc. now owns 12,713 shares of the shipping service provider’s stock worth $3,479,000 after purchasing an additional 1,174 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of FDX opened at $240.74 on Friday. The business’s 50 day moving average is $263.68 and its two-hundred day moving average is $274.89. FedEx Co. has a 52-week low of $239.50 and a 52-week high of $313.84. The firm has a market cap of $57.98 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.11 and a beta of 1.23. 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 posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $22.14 billion. During the same period in the prior year, the company posted $3.99 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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 given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s payout ratio is 35.18%.

Insider Buying and Selling at FedEx

In other FedEx news, EVP John W. Dietrich acquired 1,000 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares of the company’s stock, valued at $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on FDX. Truist Financial started coverage on FedEx in a research report on Thursday. They set a “buy” rating and a $305.00 target price on the stock. Stifel Nicolaus cut their price target on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Bank of America lifted their target price on shares of FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, UBS Group lifted their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and an average price target of $318.04.

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.