Five Oceans Advisors Purchases New Holdings in FedEx Co. (NYSE:FDX)

Five Oceans Advisors acquired a new position in FedEx Co. (NYSE:FDX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 799 shares of the shipping service provider’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also modified their holdings of FDX. Fortitude Family Office LLC raised its stake in shares of FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after buying an additional 52 shares in the last quarter. Evermay Wealth Management LLC raised its position in FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Peoples Financial Services CORP. bought a new position in FedEx during the fourth quarter worth about $28,000. City Holding Co. acquired a new stake in FedEx during the fourth quarter valued at approximately $28,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of FedEx in the 3rd quarter valued at approximately $31,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Down 1.6 %

FDX stock opened at $264.96 on Friday. The company has a market cap of $63.82 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.14 and a beta of 1.20. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84. The business has a 50 day moving average price of $279.62 and a two-hundred day moving average price of $282.44. 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 (NYSE:FDX) last released its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.17. The business had revenue of $22 billion during 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 firm’s revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $3.99 earnings per share. Analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared 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. This represents a $5.52 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s payout ratio is currently 35.18%.

Insiders Place Their Bets

In related news, 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 cost of $273.98 per share, with a total value of $273,980.00. Following the acquisition, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Amy B. Lane bought 333 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FDX. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. TD Cowen boosted their target price on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and increased their target price for the stock from $288.00 to $365.00 in a research report on Friday, December 20th. UBS Group upped their price objective on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.43.

FedEx Company 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.