GHP Investment Advisors Inc. Grows Position in FedEx Co. (NYSE:FDX)

GHP Investment Advisors Inc. grew its stake in shares of FedEx Co. (NYSE:FDX) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,561 shares of the shipping service provider’s stock after purchasing an additional 286 shares during the period. GHP Investment Advisors Inc.’s holdings in FedEx were worth $8,316,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FDX. Fortitude Family Office LLC boosted its holdings in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares in the last quarter. Evermay Wealth Management LLC lifted its position in shares of FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after acquiring an additional 40 shares during the period. Peoples Financial Services CORP. acquired a new stake in shares of FedEx in the 4th quarter worth approximately $28,000. City Holding Co. acquired a new stake in shares of FedEx in the 4th quarter worth approximately $28,000. Finally, Highline Wealth Partners LLC purchased a new position in FedEx in the 3rd quarter valued at approximately $31,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Up 0.7 %

FDX opened at $252.62 on Thursday. The company has a market cap of $60.84 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The firm has a 50 day moving average price of $276.41 and a 200 day moving average price of $281.02.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.99 earnings per share. Sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is 35.18%.

Analysts Set New Price Targets

FDX has been the topic of several research reports. Barclays upped their target price on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Loop Capital cut shares of FedEx from a “buy” rating to a “hold” rating and cut their target price for the stock from $365.00 to $283.00 in a research report on Monday. TD Cowen increased their price target on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Raymond James lifted their price objective on FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Bank of America increased their target price on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $321.87.

Insider Activity

In other news, 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 value of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares in the company, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were 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 of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

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.