FedEx Co. (NYSE:FDX) Stock Holdings Increased by Colonial Trust Advisors

Colonial Trust Advisors grew its position in shares of FedEx Co. (NYSE:FDX) by 3.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,100 shares of the shipping service provider’s stock after purchasing an additional 721 shares during the quarter. Colonial Trust Advisors’ holdings in FedEx were worth $6,780,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of FDX. bLong Financial LLC purchased a new position in shares of FedEx during the fourth quarter valued at $391,000. Virtu Financial LLC bought a new stake in shares of FedEx in the 3rd quarter valued at approximately $3,405,000. Lodestone Wealth Management LLC acquired a new position in shares of FedEx in the 4th quarter worth approximately $461,000. Wedmont Private Capital lifted its holdings in FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after buying an additional 91 shares in the last quarter. Finally, GFS Advisors LLC acquired a new position in FedEx during the 4th quarter worth $26,855,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Price Performance

NYSE:FDX opened at $217.96 on Thursday. 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 firm has a market cap of $52.22 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The company has a 50 day moving average price of $245.77 and a 200-day moving average price of $266.56. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84.

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

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, March 10th. FedEx’s dividend payout ratio (DPR) is 34.63%.

Wall Street Analyst Weigh In

FDX has been the subject of a number of research reports. Citigroup lowered their target price on FedEx from $305.00 to $267.00 and set a “buy” rating for the company in a report on Tuesday. Truist Financial began coverage on shares of FedEx in a report on Thursday, March 13th. They set a “buy” rating and a $305.00 target price on the stock. BMO Capital Markets decreased their target price on shares of FedEx from $330.00 to $275.00 and set a “market perform” rating on the stock in a research note on Friday, March 21st. Raymond James cut their price target on shares of FedEx from $320.00 to $290.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Finally, Loop Capital lowered shares of FedEx from a “hold” rating to a “sell” rating and dropped their target price for the company from $283.00 to $221.00 in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $300.63.

Insider Buying and Selling

In other FedEx news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares of the company’s stock, valued at $5,686,161.85. The trade was a 20.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by insiders.

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.