Verus Capital Partners LLC Buys 81 Shares of FedEx Co. (NYSE:FDX)

Verus Capital Partners LLC boosted its position in shares of FedEx Co. (NYSE:FDX) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,494 shares of the shipping service provider’s stock after buying an additional 81 shares during the quarter. Verus Capital Partners LLC’s holdings in FedEx were worth $983,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. JFS Wealth Advisors LLC boosted its holdings in FedEx by 2,102.2% in the third quarter. JFS Wealth Advisors LLC now owns 2,048 shares of the shipping service provider’s stock valued at $560,000 after acquiring an additional 1,955 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in FedEx by 9.8% during the 3rd quarter. Catalyst Financial Partners LLC now owns 934 shares of the shipping service provider’s stock worth $256,000 after purchasing an additional 83 shares during the last quarter. US Bancorp DE lifted its position in FedEx by 0.8% during the 3rd quarter. US Bancorp DE now owns 115,634 shares of the shipping service provider’s stock valued at $31,647,000 after purchasing an additional 910 shares during the period. Jacobson & Schmitt Advisors LLC boosted its stake in shares of FedEx by 3.7% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 46,706 shares of the shipping service provider’s stock valued at $12,783,000 after purchasing an additional 1,653 shares during the last quarter. Finally, Pacific Sage Partners LLC grew its position in shares of FedEx by 9.5% during the 3rd quarter. Pacific Sage Partners LLC now owns 1,156 shares of the shipping service provider’s stock worth $316,000 after buying an additional 100 shares during the period. 84.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FDX has been the topic of a number of recent research reports. TD Cowen raised their price objective 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. UBS Group raised their price target on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Stephens cut their target price on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, December 20th. Finally, StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

Insider Activity

In related news, Director Amy B. Lane acquired 333 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now owns 111,886 shares in the company, 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 owned by corporate insiders.

FedEx Stock Up 1.8 %

Shares of FedEx stock opened at $263.11 on Friday. The firm has a market cap of $63.37 billion, a PE ratio of 16.77, a P/E/G ratio of 1.11 and a beta of 1.18. The business’s 50 day simple moving average is $268.78 and its 200 day simple moving average is $277.40. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a 52-week low of $242.92 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings data 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 net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same period last year, the company earned $3.99 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.10%. 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.