Processus Wealth & Capital Management LLC Acquires 240 Shares of FedEx Co. (NYSE:FDX)

Processus Wealth & Capital Management LLC grew its position in FedEx Co. (NYSE:FDX) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,505 shares of the shipping service provider’s stock after acquiring an additional 240 shares during the period. FedEx comprises about 3.7% of Processus Wealth & Capital Management LLC’s portfolio, making the stock its 7th largest holding. Processus Wealth & Capital Management LLC’s holdings in FedEx were worth $4,643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. bLong Financial LLC acquired a new position in shares of FedEx in the 4th quarter valued at approximately $391,000. Virtu Financial LLC acquired a new position in FedEx during the 3rd quarter worth approximately $3,405,000. Lodestone Wealth Management LLC bought a new stake in FedEx during the 4th quarter worth approximately $461,000. Wedmont Private Capital raised its stake in shares of FedEx by 4.1% during the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after acquiring an additional 91 shares during the last quarter. Finally, GFS Advisors LLC bought a new position in shares of FedEx during the fourth quarter valued at $26,855,000. Institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Raymond James lowered FedEx from an “outperform” rating to a “market perform” rating in a research report on Monday, February 3rd. Citigroup increased their target price on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. TD Cowen upped their target price on shares of FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus reduced their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $321.87.

FedEx Stock Performance

Shares of FedEx stock opened at $252.94 on Tuesday. The firm has a market capitalization of $60.92 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.11 and a beta of 1.18. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12 month low of $239.07 and a 12 month high of $313.84. The business has a fifty day simple moving average of $270.14 and a two-hundred day simple moving average of $277.95.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share 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 analyst estimates of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.99 EPS. On average, equities analysts forecast 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 $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Insiders Place Their Bets

In other news, CEO Richard W. Smith sold 2,576 shares of the company’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 transaction of $713,371.68. Following the sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This represents a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The disclosure for this sale can be found here. 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.