CVA Family Office LLC Acquires 145 Shares of FedEx Co. (NYSE:FDX)

CVA Family Office LLC raised its holdings in shares of FedEx Co. (NYSE:FDXGet Rating) by 241.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 205 shares of the shipping service provider’s stock after acquiring an additional 145 shares during the quarter. CVA Family Office LLC’s holdings in FedEx were worth $46,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FDX. Advisor Resource Council bought a new stake in FedEx during the fourth quarter valued at about $230,000. O Shaughnessy Asset Management LLC raised its holdings in FedEx by 23.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,057 shares of the shipping service provider’s stock valued at $1,049,000 after acquiring an additional 771 shares during the period. Invesco Ltd. raised its holdings in FedEx by 13.1% during the fourth quarter. Invesco Ltd. now owns 1,796,457 shares of the shipping service provider’s stock valued at $464,636,000 after acquiring an additional 207,441 shares during the period. Schroder Investment Management Group grew its position in shares of FedEx by 17.9% during the fourth quarter. Schroder Investment Management Group now owns 23,586 shares of the shipping service provider’s stock valued at $6,100,000 after purchasing an additional 3,587 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its position in shares of FedEx by 150.3% during the fourth quarter. Hilltop Holdings Inc. now owns 2,906 shares of the shipping service provider’s stock valued at $751,000 after purchasing an additional 1,745 shares in the last quarter. 71.62% of the stock is owned by institutional investors.

FedEx Stock Performance

FedEx stock opened at $162.90 on Tuesday. The company has a 50 day moving average price of $221.14 and a 200-day moving average price of $217.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.38 and a current ratio of 1.43. FedEx Co. has a fifty-two week low of $155.00 and a fifty-two week high of $266.79. The company has a market capitalization of $42.34 billion, a PE ratio of 11.39, a P/E/G ratio of 0.58 and a beta of 1.21.

FedEx (NYSE:FDXGet Rating) last posted its quarterly earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 earnings per share for the quarter, missing the consensus estimate of $6.91 by ($0.04). FedEx had a net margin of 4.09% and a return on equity of 22.29%. The company had revenue of $24.39 billion for the quarter, compared to the consensus estimate of $24.28 billion. During the same period in the prior year, the firm posted $5.01 EPS. As a group, equities analysts forecast that FedEx Co. will post 23 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, September 1st. FedEx’s dividend payout ratio (DPR) is 32.17%.

Insider Buying and Selling

In other FedEx news, Director Vincenzo J. Vena acquired 900 shares of FedEx stock in a transaction that occurred on Wednesday, July 6th. The stock was bought at an average price of $230.04 per share, with a total value of $207,036.00. Following the completion of the purchase, the director now directly owns 1,325 shares of the company’s stock, valued at approximately $304,803. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other FedEx news, EVP Jill Brannon sold 5,620 shares of FedEx stock in a transaction on Friday, August 5th. The shares were sold at an average price of $237.00, for a total value of $1,331,940.00. Following the transaction, the executive vice president now directly owns 8,113 shares of the company’s stock, valued at $1,922,781. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vincenzo J. Vena purchased 900 shares of the business’s stock in a transaction on Wednesday, July 6th. The stock was purchased at an average cost of $230.04 per share, for a total transaction of $207,036.00. Following the completion of the acquisition, the director now directly owns 1,325 shares of the company’s stock, valued at approximately $304,803. The disclosure for this purchase can be found here. Insiders sold 48,810 shares of company stock valued at $11,199,898 over the last 90 days. Corporate insiders own 8.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FDX shares. Citigroup cut their price objective on FedEx from $225.00 to $180.00 and set a “neutral” rating for the company in a research report on Friday. UBS Group cut their price objective on FedEx from $308.00 to $232.00 and set a “buy” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $320.00 price objective on FedEx in a research report on Monday. BMO Capital Markets cut their price objective on FedEx from $270.00 to $215.00 and set a “market perform” rating for the company in a research report on Friday. Finally, Morgan Stanley dropped their price target on FedEx from $255.00 to $250.00 in a research report on Wednesday, September 7th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average price target of $241.57.

FedEx Company Profile

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FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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