Buckley Wealth Management LLC Raises Position in FedEx Co. (NYSE:FDX)

Buckley Wealth Management LLC raised its stake in FedEx Co. (NYSE:FDX) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,480 shares of the shipping service provider’s stock after purchasing an additional 505 shares during the quarter. Buckley Wealth Management LLC’s holdings in FedEx were worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FDX. Raymond James Financial Inc. purchased a new stake in shares of FedEx in the fourth quarter worth approximately $234,028,000. ACR Alpine Capital Research LLC increased its position in shares of FedEx by 62.9% during the fourth quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider’s stock valued at $239,909,000 after acquiring an additional 329,170 shares during the last quarter. Bryn Mawr Capital Management LLC increased its position in shares of FedEx by 22,317.0% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 322,580 shares of the shipping service provider’s stock valued at $90,751,000 after acquiring an additional 321,141 shares during the last quarter. Franklin Resources Inc. increased its position in shares of FedEx by 8.6% during the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock valued at $1,042,050,000 after acquiring an additional 314,380 shares during the last quarter. Finally, KBC Group NV increased its position in shares of FedEx by 197.4% during the fourth quarter. KBC Group NV now owns 341,390 shares of the shipping service provider’s stock valued at $96,043,000 after acquiring an additional 226,608 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FDX has been the subject of a number of research analyst reports. Sanford C. Bernstein downgraded FedEx from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. decreased their price target on FedEx from $372.00 to $323.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Stephens reduced their price objective on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. UBS Group increased their price objective on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus reduced their price objective on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $318.04.

FedEx Trading Up 0.5 %

Shares of FDX stock opened at $242.27 on Friday. 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 $239.50 and a 52-week high of $313.84. The company has a market capitalization of $58.35 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The business’s fifty day moving average is $263.04 and its 200 day moving average is $274.51.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter last year, the business posted $3.99 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared 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 is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.28%. FedEx’s payout ratio is 35.18%.

Insider Buying and Selling at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated 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 owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John W. Dietrich purchased 1,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were purchased at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.