HHM Wealth Advisors LLC Purchases 80 Shares of FedEx Co. (NYSE:FDX)

HHM Wealth Advisors LLC lifted its position in shares of FedEx Co. (NYSE:FDX) by 17.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 544 shares of the shipping service provider’s stock after acquiring an additional 80 shares during the period. HHM Wealth Advisors LLC’s holdings in FedEx were worth $153,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of FDX. Czech National Bank increased its holdings in shares of FedEx by 6.4% during the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after purchasing an additional 2,767 shares during the period. Quent Capital LLC increased its stake in FedEx by 187.0% during the 3rd quarter. Quent Capital LLC now owns 353 shares of the shipping service provider’s stock worth $97,000 after acquiring an additional 230 shares during the period. GAMMA Investing LLC raised its holdings in FedEx by 44.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,733 shares of the shipping service provider’s stock valued at $748,000 after acquiring an additional 836 shares in the last quarter. Value Partners Investments Inc. lifted its position in shares of FedEx by 0.3% during the 3rd quarter. Value Partners Investments Inc. now owns 144,613 shares of the shipping service provider’s stock valued at $39,578,000 after acquiring an additional 456 shares during the period. Finally, Chapin Davis Inc. grew its holdings in shares of FedEx by 1.3% during the 3rd quarter. Chapin Davis Inc. now owns 4,871 shares of the shipping service provider’s stock worth $1,333,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

FDX opened at $247.34 on Tuesday. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The company has a market cap of $59.57 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.10 and a beta of 1.20. The company’s fifty day moving average price is $279.62 and its two-hundred day moving average price is $282.02. 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 (NYSE:FDX) last issued its quarterly earnings data 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 return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same period in the previous year, the company posted $3.99 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect 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. Shareholders 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 2.23%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio is 35.18%.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of analyst reports. Stephens dropped their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. Loop Capital downgraded shares of FedEx from a “buy” rating to a “hold” rating and cut their price target for the stock from $365.00 to $283.00 in a report on Monday. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Wells Fargo & Company upped their target price on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Finally, Raymond James raised their price objective on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $321.87.

Insider Transactions at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares in the company, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane bought 333 shares of the stock in a transaction dated Thursday, December 26th. The shares were acquired at an average price 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. Company insiders own 8.87% of the company’s stock.

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.