Thompson Siegel & Walmsley LLC Boosts Stock Position in FedEx Co. (NYSE:FDX)

Thompson Siegel & Walmsley LLC lifted its position in shares of FedEx Co. (NYSE:FDX) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,694 shares of the shipping service provider’s stock after purchasing an additional 270 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in FedEx were worth $5,822,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FDX. Fortitude Family Office LLC boosted its holdings in shares of 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 purchasing an additional 52 shares during the period. Peoples Financial Services CORP. purchased a new stake in shares of FedEx during the fourth quarter worth about $28,000. City Holding Co. purchased a new stake in FedEx in the fourth quarter worth about $28,000. Kentucky Trust Co purchased a new stake in FedEx in the fourth quarter worth about $28,000. Finally, Activest Wealth Management purchased a new stake in FedEx in the fourth quarter worth about $29,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Trading Down 1.1 %

Shares of FedEx stock opened at $240.74 on Friday. The company’s fifty day simple moving average is $263.68 and its 200-day simple moving average is $274.89. The stock has a market capitalization of $57.98 billion, a PE ratio of 15.34, a P/E/G ratio of 1.11 and a beta of 1.23. FedEx Co. has a 1-year low of $239.50 and a 1-year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

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

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio is presently 35.18%.

Insider Transactions at FedEx

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

Analyst Upgrades and Downgrades

Several analysts have commented on FDX shares. Sanford C. Bernstein lowered shares of FedEx from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of FedEx in a report on Friday, March 7th. They issued a “buy” rating and a $337.00 price objective for the company. Bank of America lifted their target price on shares of FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, BMO Capital Markets lifted their target price 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. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, FedEx has an average rating of “Moderate Buy” and an average price target of $318.04.

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.