Secure Asset Management LLC Has $257,000 Stock Holdings in FedEx Co. (NYSE:FDX)

Secure Asset Management LLC increased its holdings in shares of FedEx Co. (NYSE:FDX) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 913 shares of the shipping service provider’s stock after purchasing an additional 81 shares during the period. Secure Asset Management LLC’s holdings in FedEx were worth $257,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AXA S.A. increased its position in FedEx by 10.1% in the 2nd quarter. AXA S.A. now owns 51,944 shares of the shipping service provider’s stock valued at $15,575,000 after buying an additional 4,746 shares in the last quarter. AQR Capital Management LLC raised its position in shares of FedEx by 9.4% during the second quarter. AQR Capital Management LLC now owns 92,093 shares of the shipping service provider’s stock worth $27,432,000 after purchasing an additional 7,940 shares during the period. Dark Forest Capital Management LP lifted its holdings in shares of FedEx by 4.7% in the 2nd quarter. Dark Forest Capital Management LP now owns 1,180 shares of the shipping service provider’s stock worth $354,000 after purchasing an additional 53 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in FedEx in the 2nd quarter valued at $5,205,000. Finally, MidWestOne Financial Group Inc. increased its stake in FedEx by 43.3% during the 2nd quarter. MidWestOne Financial Group Inc. now owns 2,221 shares of the shipping service provider’s stock valued at $666,000 after purchasing an additional 671 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FDX shares. Raymond James lifted their price objective on shares of FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Bank of America increased their price objective on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Stephens dropped their target price on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. Loop Capital upgraded FedEx from a “hold” rating to a “buy” rating and upped their price target for the stock from $288.00 to $365.00 in a report on Friday, December 20th. Finally, BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average price target of $325.43.

Insiders Place Their Bets

In other news, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy B. Lane purchased 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by insiders.

FedEx Stock Up 1.1 %

FDX stock opened at $273.12 on Friday. The company’s 50 day moving average is $281.64 and its 200 day moving average is $283.27. The stock has a market cap of $65.78 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. 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 Co. has a 1-year low of $234.45 and a 1-year high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS 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 analyst estimates of $22.14 billion. During the same quarter in the prior year, the firm earned $3.99 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were issued a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.02%. FedEx’s dividend payout ratio is 35.18%.

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.