Parkside Financial Bank & Trust Has $732,000 Stock Position in FedEx Co. (NYSE:FDX)

Parkside Financial Bank & Trust lifted its stake in FedEx Co. (NYSE:FDX) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,603 shares of the shipping service provider’s stock after acquiring an additional 250 shares during the quarter. Parkside Financial Bank & Trust’s holdings in FedEx were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Verus Capital Partners LLC increased its position in shares of FedEx by 2.4% in the fourth quarter. Verus Capital Partners LLC now owns 3,494 shares of the shipping service provider’s stock valued at $983,000 after acquiring an additional 81 shares during the last quarter. Schulhoff & Co. Inc. increased its position in shares of FedEx by 27.4% in the fourth quarter. Schulhoff & Co. Inc. now owns 1,675 shares of the shipping service provider’s stock valued at $471,000 after acquiring an additional 360 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of FedEx by 4.9% in the fourth quarter. QRG Capital Management Inc. now owns 73,442 shares of the shipping service provider’s stock valued at $20,661,000 after acquiring an additional 3,461 shares during the last quarter. Proficio Capital Partners LLC bought a new position in FedEx during the fourth quarter worth about $56,065,000. Finally, WT Wealth Management grew its holdings in FedEx by 4.8% during the fourth quarter. WT Wealth Management now owns 8,714 shares of the shipping service provider’s stock worth $2,452,000 after purchasing an additional 403 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Citigroup lifted their price target on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price target on FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. UBS Group lifted their price target on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, Raymond James cut FedEx from an “outperform” rating to a “market perform” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $321.87.

FedEx Trading Up 1.8 %

Shares of FDX stock opened at $263.11 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock has a market cap of $63.37 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. The stock has a 50 day simple moving average of $268.78 and a 200 day simple moving average of $277.40. FedEx Co. has a 1 year low of $242.92 and a 1 year high of $313.84.

FedEx (NYSE:FDX) last issued 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 return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same period in the previous year, the company posted $3.99 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.10%. FedEx’s dividend payout ratio is currently 35.18%.

Insider Buying and Selling at FedEx

In other news, EVP John W. Dietrich acquired 1,000 shares of the stock in a transaction on Tuesday, January 7th. The stock was acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was 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 $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

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.