Allen Mooney & Barnes Investment Advisors LLC Boosts Stock Holdings in FedEx Co. (NYSE:FDX)

Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of FedEx Co. (NYSE:FDX) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 858 shares of the shipping service provider’s stock after purchasing an additional 67 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in FedEx were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Fifth Third Wealth Advisors LLC increased its stake in shares of FedEx by 2.9% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,685 shares of the shipping service provider’s stock worth $1,037,000 after acquiring an additional 105 shares during the last quarter. Peoples Financial Services CORP. purchased a new stake in shares of FedEx in the fourth quarter valued at about $28,000. R.H. Investment Group LLC acquired a new stake in FedEx during the fourth quarter worth about $4,513,000. Pines Wealth Management LLC purchased a new position in FedEx during the fourth quarter worth about $1,906,000. Finally, Accurate Wealth Management LLC increased its holdings in shares of FedEx by 19.2% during the 4th quarter. Accurate Wealth Management LLC now owns 2,405 shares of the shipping service provider’s stock worth $651,000 after buying an additional 388 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on FDX. HSBC downgraded FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price on the stock. in a research report on Friday, September 20th. Citigroup boosted their price target on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Bank of America upped their price objective on shares of FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, December 20th. The Goldman Sachs Group dropped their target price on shares of FedEx from $333.00 to $332.00 in a report on Friday, September 20th. Finally, UBS Group upped their price target on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $325.61.

FedEx Stock Up 1.1 %

Shares of NYSE:FDX opened at $277.63 on Wednesday. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84. The company has a market capitalization of $66.87 billion, a PE ratio of 17.13, a P/E/G ratio of 1.18 and a beta of 1.20. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The firm has a 50 day simple moving average of $283.89 and a 200-day simple moving average of $284.31.

FedEx (NYSE:FDX) last announced its earnings results 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 return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same period in the prior year, the firm earned $3.99 EPS. The business’s revenue was down .7% on a year-over-year basis. On average, equities analysts predict that FedEx Co. will post 19.59 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 paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio is currently 35.18%.

Insiders Place Their Bets

In related news, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 333 shares in the company, valued at $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by insiders.

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.