Optimize Financial Inc Invests $204,000 in FedEx Co. (NYSE:FDX)

Optimize Financial Inc acquired a new stake in FedEx Co. (NYSE:FDX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 724 shares of the shipping service provider’s stock, valued at approximately $204,000.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Trust Company N.A raised its holdings in shares of FedEx by 0.5% during the 4th quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider’s stock worth $2,230,000 after buying an additional 40 shares in the last quarter. Griffin Asset Management Inc. raised its stake in FedEx by 0.4% during the fourth quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider’s stock worth $2,916,000 after acquiring an additional 40 shares in the last quarter. Aviso Financial Inc. lifted its holdings in shares of FedEx by 1.2% in the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider’s stock worth $957,000 after acquiring an additional 40 shares during the last quarter. Richard P Slaughter Associates Inc boosted its stake in shares of FedEx by 0.5% in the 4th quarter. Richard P Slaughter Associates Inc now owns 8,107 shares of the shipping service provider’s stock valued at $2,281,000 after purchasing an additional 42 shares in the last quarter. Finally, WealthPlan Investment Management LLC grew its holdings in shares of FedEx by 2.6% during the 4th quarter. WealthPlan Investment Management LLC now owns 1,680 shares of the shipping service provider’s stock valued at $473,000 after purchasing an additional 42 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FedEx

In related news, COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now owns 23,347 shares of the company’s stock, valued at approximately $5,686,161.85. This trade represents a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares in the company, valued at $2,461,510.80. This represents a 30.89 % 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

FDX has been the topic of a number of research analyst reports. Cfra Research upgraded shares of FedEx to a “hold” rating in a research report on Thursday, March 20th. Stifel Nicolaus reduced their price objective on FedEx from $364.00 to $354.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. UBS Group dropped their target price on FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Wells Fargo & Company reduced their price target on FedEx from $275.00 to $260.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Finally, Piper Sandler downgraded FedEx to a “neutral” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $300.63.

FedEx Trading Up 0.5 %

FDX opened at $207.46 on Monday. The company has a fifty day moving average price of $244.07 and a two-hundred day moving average price of $265.74. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84. The company has a market cap of $49.71 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

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

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.66%. The ex-dividend date was Monday, March 10th. FedEx’s payout ratio is currently 34.63%.

FedEx Company 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.