FedEx Co. (NYSE:FDX) Shares Purchased by Arlington Trust Co LLC

Arlington Trust Co LLC grew its holdings in shares of FedEx Co. (NYSE:FDX) by 46.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 953 shares of the shipping service provider’s stock after acquiring an additional 304 shares during the quarter. Arlington Trust Co LLC’s holdings in FedEx were worth $268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Equitable Trust Co. boosted its stake in FedEx by 18.9% during the 4th quarter. Equitable Trust Co. now owns 9,159 shares of the shipping service provider’s stock valued at $2,577,000 after purchasing an additional 1,453 shares in the last quarter. Opal Wealth Advisors LLC lifted its holdings in shares of FedEx by 3.4% in the fourth quarter. Opal Wealth Advisors LLC now owns 2,401 shares of the shipping service provider’s stock valued at $675,000 after buying an additional 80 shares during the period. Savant Capital LLC boosted its stake in FedEx by 1.4% during the fourth quarter. Savant Capital LLC now owns 21,949 shares of the shipping service provider’s stock valued at $6,175,000 after buying an additional 294 shares in the last quarter. Angeles Wealth Management LLC grew its holdings in FedEx by 15.3% during the fourth quarter. Angeles Wealth Management LLC now owns 1,274 shares of the shipping service provider’s stock worth $358,000 after acquiring an additional 169 shares during the period. Finally, Activest Wealth Management bought a new stake in FedEx in the fourth quarter worth about $29,000. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Raymond James increased their price target on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Bank of America boosted their price objective on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, December 20th. BMO Capital Markets boosted their price target on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, Barclays raised their price objective on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.87.

FedEx Price Performance

FedEx stock opened at $256.01 on Monday. The stock has a fifty day moving average of $274.59 and a 200-day moving average of $280.36. The stock has a market capitalization of $61.66 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.07 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 52 week low of $234.45 and a 52 week high of $313.84.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the previous year, the firm posted $3.99 earnings per share. The company’s revenue was down .7% on a year-over-year basis. On average, sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.16%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is presently 35.18%.

Insider Activity at FedEx

In related news, EVP John W. Dietrich acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were bought at an average price of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Amy B. Lane acquired 333 shares of FedEx stock in a transaction on Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

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.