Strategic Blueprint LLC Purchases 458 Shares of FedEx Co. (NYSE:FDX)

Strategic Blueprint LLC increased its position in shares of FedEx Co. (NYSE:FDX) by 24.1% during the fourth quarter, HoldingsChannel reports. The fund owned 2,360 shares of the shipping service provider’s stock after buying an additional 458 shares during the quarter. Strategic Blueprint LLC’s holdings in FedEx were worth $664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FDX. Fortitude Family Office LLC grew 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 last quarter. Evermay Wealth Management LLC boosted its position in FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after buying an additional 40 shares during the period. Peoples Financial Services CORP. bought a new stake in FedEx during the 4th quarter worth approximately $28,000. City Holding Co. acquired a new position in FedEx in the 4th quarter valued at approximately $28,000. Finally, R Squared Ltd bought a new position in shares of FedEx during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Down 2.1 %

Shares of NYSE FDX opened at $269.39 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The company has a 50-day moving average price of $280.84 and a 200-day moving average price of $282.81. The stock has a market capitalization of $64.88 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.12 and a beta of 1.20. 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 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, equities research analysts forecast 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 2.05%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio is 35.18%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FDX. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Bank of America increased their price target on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. UBS Group increased their target price on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and boosted their price target for the stock from $288.00 to $365.00 in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $325.43.

Insider Transactions at FedEx

In related news, Director Amy B. Lane purchased 333 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares of the company’s stock, valued at $91,927.98. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the sale, the director now owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

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.