Kelly Financial Services LLC Makes New $4.51 Million Investment in FedEx Co. (NYSE:FDX)

Kelly Financial Services LLC bought a new stake in FedEx Co. (NYSE:FDX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,041 shares of the shipping service provider’s stock, valued at approximately $4,513,000. FedEx comprises 1.3% of Kelly Financial Services LLC’s investment portfolio, making the stock its 21st largest position.

Other large investors have also recently made changes to their positions in the company. Aaron Wealth Advisors LLC boosted its holdings in shares of FedEx by 9.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 1,827 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 154 shares during the period. Moss Adams Wealth Advisors LLC raised its position in FedEx by 3.2% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,567 shares of the shipping service provider’s stock valued at $443,000 after purchasing an additional 49 shares during the last quarter. Ameritas Advisory Services LLC grew its position in FedEx by 0.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 7,152 shares of the shipping service provider’s stock worth $2,012,000 after purchasing an additional 45 shares during the last quarter. HB Wealth Management LLC increased its stake in FedEx by 1.9% in the fourth quarter. HB Wealth Management LLC now owns 26,269 shares of the shipping service provider’s stock valued at $7,390,000 after purchasing an additional 494 shares during the period. Finally, Shelton Wealth Management LLC increased its stake in FedEx by 18.7% in the fourth quarter. Shelton Wealth Management LLC now owns 4,693 shares of the shipping service provider’s stock valued at $1,320,000 after purchasing an additional 740 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other FedEx news, EVP John W. Dietrich purchased 1,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the acquisition, the executive vice president now owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were acquired at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the acquisition, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FDX shares. Stephens lowered their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. Barclays lifted their target price on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Raymond James upped their price target on FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Sanford C. Bernstein lowered shares of FedEx from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Finally, Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and upped their price objective for the stock from $288.00 to $365.00 in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus target price of $325.61.

FedEx Price Performance

FedEx stock opened at $275.11 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm’s 50-day simple moving average is $283.48 and its 200 day simple moving average is $284.04. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The firm has a market capitalization of $66.26 billion, a PE ratio of 17.53, a P/E/G ratio of 1.12 and a beta of 1.20.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the prior year, the firm earned $3.99 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts predict that FedEx Co. will post 19.2 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.01%. FedEx’s dividend payout ratio (DPR) is 35.18%.

About FedEx

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.