Roble Belko & Company Inc Acquires 170 Shares of FedEx Co. (NYSE:FDX)

Roble Belko & Company Inc lifted its holdings in FedEx Co. (NYSE:FDX) by 29.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 749 shares of the shipping service provider’s stock after buying an additional 170 shares during the period. Roble Belko & Company Inc’s holdings in FedEx were worth $189,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Financial Management Professionals Inc. boosted its stake in shares of FedEx by 143.2% during the 4th quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock worth $27,000 after purchasing an additional 63 shares during the period. Rakuten Securities Inc. purchased a new position in shares of FedEx during the 4th quarter worth about $30,000. Tennessee Valley Asset Management Partners purchased a new position in shares of FedEx during the 4th quarter worth about $31,000. Planned Solutions Inc. purchased a new position in shares of FedEx during the 4th quarter worth about $32,000. Finally, Valley National Advisers Inc. boosted its position in FedEx by 123.3% in the 4th quarter. Valley National Advisers Inc. now owns 134 shares of the shipping service provider’s stock valued at $33,000 after buying an additional 74 shares during the period. 84.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Frederick W. Smith sold 113,400 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total value of $31,105,620.00. Following the sale, the chairman now directly owns 14,505,844 shares of the company’s stock, valued at approximately $3,978,953,009.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Frederick W. Smith sold 113,400 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total value of $31,105,620.00. Following the sale, the chairman now directly owns 14,505,844 shares of the company’s stock, valued at approximately $3,978,953,009.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 6,145 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $288.02, for a total transaction of $1,769,882.90. Following the sale, the director now directly owns 7,865 shares in the company, valued at $2,265,277.30. The disclosure for this sale can be found here. Insiders have sold 136,668 shares of company stock valued at $37,758,773 in the last ninety days. Insiders own 8.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on FDX shares. Jefferies Financial Group boosted their price objective on shares of FedEx from $265.00 to $300.00 and gave the company a “hold” rating in a research report on Friday, March 22nd. Melius Research raised shares of FedEx from a “hold” rating to a “buy” rating and set a $310.00 price objective for the company in a research report on Monday, January 8th. Stifel Nicolaus lowered their price objective on shares of FedEx from $306.00 to $303.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. BMO Capital Markets boosted their price objective on shares of FedEx from $290.00 to $310.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of FedEx from $291.00 to $324.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $301.33.

FedEx Stock Performance

FedEx stock traded up $3.16 during mid-day trading on Monday, reaching $270.15. 1,232,902 shares of the company traded hands, compared to its average volume of 2,072,280. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.26. FedEx Co. has a fifty-two week low of $213.80 and a fifty-two week high of $291.27. The company has a market capitalization of $66.48 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. The firm’s fifty day moving average is $259.74 and its two-hundred day moving average is $254.18.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.37. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.95 billion. During the same quarter in the prior year, the business posted $3.41 EPS. FedEx’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, equities research analysts expect that FedEx Co. will post 17.67 earnings per share for the current fiscal year.

FedEx announced that its Board of Directors has initiated a share buyback program on Thursday, March 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the shipping service provider to repurchase up to 7.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Friday, March 8th. FedEx’s dividend payout ratio (DPR) is currently 29.07%.

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.