FedEx Co. (NYSE:FDX) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp raised its holdings in FedEx Co. (NYSE:FDX) by 146.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 39,439 shares of the shipping service provider’s stock after acquiring an additional 23,462 shares during the period. Sigma Planning Corp’s holdings in FedEx were worth $10,239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC acquired a new stake in FedEx in the 3rd quarter valued at about $292,000. Thrivent Financial for Lutherans lifted its stake in FedEx by 17.1% during the third quarter. Thrivent Financial for Lutherans now owns 12,908 shares of the shipping service provider’s stock valued at $3,247,000 after buying an additional 1,886 shares in the last quarter. Palisade Asset Management LLC lifted its stake in FedEx by 1.8% during the fourth quarter. Palisade Asset Management LLC now owns 3,755 shares of the shipping service provider’s stock valued at $975,000 after buying an additional 65 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in FedEx by 0.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 105,581 shares of the shipping service provider’s stock valued at $27,411,000 after buying an additional 490 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its stake in FedEx by 1,156.2% during the third quarter. Engineers Gate Manager LP now owns 42,409 shares of the shipping service provider’s stock valued at $10,667,000 after buying an additional 39,033 shares in the last quarter. 72.74% of the stock is owned by institutional investors.

In other FedEx news, Director Kim Jabal sold 3,000 shares of the company’s stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $256.89, for a total value of $770,670.00. Following the completion of the transaction, the director now owns 3,750 shares of the company’s stock, valued at approximately $963,337.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.49% of the stock is owned by corporate insiders.

A number of research firms have commented on FDX. UBS Group upped their price objective on shares of FedEx from $320.00 to $380.00 and gave the company a “buy” rating in a research note on Tuesday, December 8th. Wolfe Research downgraded FedEx from an “outperform” rating to a “market perform” rating in a report on Thursday, January 7th. Credit Suisse Group set a $368.00 target price on FedEx and gave the company a “buy” rating in a report on Wednesday, December 30th. Argus upped their target price on FedEx from $270.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, December 30th. Finally, Smith Barney Citigroup upped their target price on FedEx from $300.00 to $365.00 in a report on Thursday, December 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. FedEx has an average rating of “Buy” and an average price target of $312.00.

Shares of NYSE:FDX traded down $2.10 during trading on Tuesday, reaching $252.57. 52,886 shares of the company traded hands, compared to its average volume of 2,633,982. The company’s 50 day moving average is $251.37 and its two-hundred day moving average is $255.66. The firm has a market capitalization of $66.95 billion, a PE ratio of 27.71, a PEG ratio of 1.22 and a beta of 1.30. The company has a quick ratio of 1.71, a current ratio of 1.76 and a debt-to-equity ratio of 1.10. FedEx Co. has a 52 week low of $88.69 and a 52 week high of $305.66.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Wednesday, December 16th. The shipping service provider reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.82. FedEx had a return on equity of 18.65% and a net margin of 3.28%. The business had revenue of $20.56 billion during the quarter, compared to the consensus estimate of $19.45 billion. During the same period in the prior year, the company earned $2.51 EPS. FedEx’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, research analysts anticipate that FedEx Co. will post 17.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 1st. Investors of record on Monday, March 8th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, March 5th. This represents a $2.60 annualized dividend and a dividend yield of 1.03%. FedEx’s dividend payout ratio is currently 27.37%.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. Its FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment offers business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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