Parkside Financial Bank & Trust Has $732,000 Holdings in FedEx Co. (NYSE:FDX)

Parkside Financial Bank & Trust lifted its stake in shares of FedEx Co. (NYSE:FDX) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,603 shares of the shipping service provider’s stock after buying an additional 250 shares during the period. Parkside Financial Bank & Trust’s holdings in FedEx were worth $732,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. JFS Wealth Advisors LLC grew its stake in shares of FedEx by 2,102.2% in the third quarter. JFS Wealth Advisors LLC now owns 2,048 shares of the shipping service provider’s stock worth $560,000 after purchasing an additional 1,955 shares during the last quarter. Catalyst Financial Partners LLC grew its stake in shares of FedEx by 9.8% in the third quarter. Catalyst Financial Partners LLC now owns 934 shares of the shipping service provider’s stock worth $256,000 after purchasing an additional 83 shares during the last quarter. US Bancorp DE grew its stake in shares of FedEx by 0.8% in the third quarter. US Bancorp DE now owns 115,634 shares of the shipping service provider’s stock worth $31,647,000 after purchasing an additional 910 shares during the last quarter. Jacobson & Schmitt Advisors LLC grew its stake in shares of FedEx by 3.7% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 46,706 shares of the shipping service provider’s stock worth $12,783,000 after purchasing an additional 1,653 shares during the last quarter. Finally, Pacific Sage Partners LLC grew its stake in shares of FedEx by 9.5% in the third quarter. Pacific Sage Partners LLC now owns 1,156 shares of the shipping service provider’s stock worth $316,000 after purchasing an additional 100 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Up 1.8 %

FDX opened at $263.11 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. FedEx Co. has a fifty-two week low of $242.92 and a fifty-two week high of $313.84. The firm has a market capitalization of $63.37 billion, a PE ratio of 16.77, a P/E/G ratio of 1.11 and a beta of 1.18. The company’s 50-day moving average is $268.78 and its 200 day moving average is $277.40.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $3.99 EPS. As a group, research analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.10%. FedEx’s dividend payout ratio (DPR) is 35.18%.

Insider Buying and Selling at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John W. Dietrich acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of $273.98 per share, with a total value of $273,980.00. Following the purchase, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on FDX shares. Raymond James cut shares of FedEx from an “outperform” rating to a “market perform” rating in a research report on Monday, February 3rd. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and cut their price target for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upped their price target on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Bank of America upped their price target on shares of FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $321.87.

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.