MBM Wealth Consultants LLC Increases Stake in FedEx Co. (NYSE:FDX)

MBM Wealth Consultants LLC raised its holdings in shares of FedEx Co. (NYSE:FDX) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,817 shares of the shipping service provider’s stock after purchasing an additional 142 shares during the quarter. MBM Wealth Consultants LLC’s holdings in FedEx were worth $1,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Missouri Trust & Investment Co grew its position in shares of FedEx by 3.8% in the fourth quarter. Missouri Trust & Investment Co now owns 5,258 shares of the shipping service provider’s stock valued at $1,479,000 after purchasing an additional 193 shares in the last quarter. Davis Capital Management boosted its stake in FedEx by 2.0% in the 4th quarter. Davis Capital Management now owns 3,203 shares of the shipping service provider’s stock worth $901,000 after purchasing an additional 63 shares during the period. Nisa Investment Advisors LLC grew its holdings in FedEx by 35.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 120,156 shares of the shipping service provider’s stock valued at $33,966,000 after buying an additional 31,129 shares in the last quarter. Beaumont Financial Advisors LLC increased its position in shares of FedEx by 106.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 1,813 shares of the shipping service provider’s stock valued at $510,000 after buying an additional 933 shares during the period. Finally, Howard Capital Management Group LLC lifted its holdings in shares of FedEx by 1.9% in the fourth quarter. Howard Capital Management Group LLC now owns 98,957 shares of the shipping service provider’s stock worth $27,839,000 after buying an additional 1,810 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Insider Activity at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on FDX shares. Stephens decreased their target price on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. TD Cowen upped their price target on shares of FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Wells Fargo & Company lifted their price objective on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Loop Capital upgraded FedEx from a “hold” rating to a “buy” rating and upped their target price for the stock from $288.00 to $365.00 in a research note on Friday, December 20th. Finally, Barclays lifted their price target on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.61.

FedEx Price Performance

Shares of FedEx stock opened at $275.72 on Wednesday. The firm has a market cap of $66.41 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. The company’s fifty day simple moving average is $283.19 and its two-hundred day simple moving average is $283.74. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business earned $3.99 EPS. FedEx’s revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is 35.18%.

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.