FedEx Co. (NYSE:FDX) Shares Acquired by Skba Capital Management LLC

Skba Capital Management LLC grew its stake in FedEx Co. (NYSE:FDXFree Report) by 0.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,320 shares of the shipping service provider’s stock after buying an additional 100 shares during the period. FedEx makes up approximately 1.9% of Skba Capital Management LLC’s holdings, making the stock its 23rd biggest position. Skba Capital Management LLC’s holdings in FedEx were worth $10,417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. Baystate Wealth Management LLC grew its stake in shares of FedEx by 60.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 133 shares of the shipping service provider’s stock valued at $33,000 after purchasing an additional 50 shares during the period. Global Wealth Management Investment Advisory Inc. bought a new stake in FedEx during the 1st quarter worth approximately $35,000. RVW Wealth LLC bought a new stake in FedEx during the 3rd quarter worth approximately $40,000. Venturi Wealth Management LLC grew its position in FedEx by 42.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the shipping service provider’s stock worth $40,000 after acquiring an additional 45 shares during the last quarter. Finally, Briaud Financial Planning Inc bought a new stake in FedEx during the 3rd quarter worth approximately $40,000. 73.61% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Amy B. Lane acquired 200 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was bought at an average price of $253.22 per share, for a total transaction of $50,644.00. Following the acquisition, the director now directly owns 3,304 shares of the company’s stock, valued at $836,638.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP John W. Dietrich bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was acquired at an average cost of $252.02 per share, for a total transaction of $252,020.00. Following the purchase, the executive vice president now owns 4,745 shares of the company’s stock, valued at approximately $1,195,834.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane bought 200 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was purchased at an average price of $253.22 per share, with a total value of $50,644.00. Following the completion of the purchase, the director now directly owns 3,304 shares in the company, valued at approximately $836,638.88. The disclosure for this purchase can be found here. 8.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on FedEx from $282.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Stephens reduced their price objective on FedEx from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, December 20th. Melius Research raised FedEx from a “hold” rating to a “buy” rating and set a $310.00 price objective on the stock in a report on Monday, January 8th. Melius raised FedEx from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Finally, Barclays reduced their price objective on FedEx from $330.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, December 20th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $289.93.

Check Out Our Latest Analysis on FedEx

FedEx Stock Up 0.3 %

FDX stock traded up $0.72 during trading hours on Monday, reaching $243.34. 248,807 shares of the stock were exchanged, compared to its average volume of 2,212,893. The firm’s 50-day moving average is $253.53 and its 200-day moving average is $254.77. The company has a market cap of $60.81 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 1.14 and a beta of 1.20. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.34 and a quick ratio of 1.30. FedEx Co. has a 12 month low of $190.83 and a 12 month high of $285.53.

FedEx (NYSE:FDXGet Free Report) last announced its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.99 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.15). The company had revenue of $22.17 billion during the quarter, compared to the consensus estimate of $22.36 billion. FedEx had a net margin of 4.87% and a return on equity of 16.47%. FedEx’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.18 EPS. On average, equities research analysts expect that FedEx Co. will post 17.76 earnings per share for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, December 8th. FedEx’s payout ratio is 29.86%.

About FedEx

(Free Report)

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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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