Woodstock Corp Has $7.21 Million Stake in FedEx Co. (NYSE:FDX)

Woodstock Corp raised its stake in shares of FedEx Co. (NYSE:FDX) by 0.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,634 shares of the shipping service provider’s stock after purchasing an additional 182 shares during the quarter. Woodstock Corp’s holdings in FedEx were worth $7,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC grew its holdings in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after purchasing an additional 52 shares during the period. Evermay Wealth Management LLC boosted its position in shares of FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Peoples Financial Services CORP. acquired a new position in shares of FedEx in the 4th quarter valued at $28,000. Highline Wealth Partners LLC bought a new stake in shares of FedEx in the 3rd quarter valued at $31,000. Finally, FNY Investment Advisers LLC raised its stake in FedEx by 177.5% during the 4th quarter. FNY Investment Advisers LLC now owns 111 shares of the shipping service provider’s stock worth $31,000 after buying an additional 71 shares during the period. 84.47% of the stock is owned by institutional investors.

FedEx Stock Performance

Shares of FDX stock opened at $277.23 on Friday. The stock has a market cap of $66.77 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.12 and a beta of 1.20. The company has a fifty day moving average price of $283.82 and a two-hundred day moving average price of $284.25. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX) last posted its quarterly earnings results 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. The business had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $3.99 earnings per share. As a group, equities analysts predict that FedEx Co. will post 19.2 EPS for the current year.

FedEx Announces Dividend

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 $1.38 dividend. 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 (DPR) is presently 35.18%.

Analyst Ratings Changes

FDX has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on FedEx from $333.00 to $332.00 in a report on Friday, September 20th. BMO Capital Markets upped their price target on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Bank of America raised 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. Loop Capital raised shares of FedEx from a “hold” rating to a “buy” rating and upped their target price for the stock from $288.00 to $365.00 in a research note on Friday, December 20th. Finally, HSBC cut FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price for the company. in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.61.

Insider Buying and Selling at FedEx

In related news, Director Amy B. Lane purchased 333 shares of the stock in a transaction on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now directly owns 333 shares in the company, valued at $91,927.98. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, the chief executive officer now owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

FedEx Company 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.