Curi Capital purchased a new stake in shares of FedEx Co. (NYSE:FDX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 122 shares of the shipping service provider’s stock, valued at approximately $31,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new position in shares of FedEx during the 4th quarter worth approximately $26,000. Vectors Research Management LLC purchased a new position in FedEx during the fourth quarter valued at $26,000. RMR Wealth Builders acquired a new stake in shares of FedEx in the fourth quarter valued at about $27,000. Lowe Wealth Advisors LLC increased its stake in shares of FedEx by 500.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 120 shares of the shipping service provider’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Atticus Wealth Management LLC acquired a new position in shares of FedEx during the 4th quarter worth about $34,000. 72.74% of the stock is owned by institutional investors.
A number of equities analysts have commented on FDX shares. JPMorgan Chase & Co. reissued a “buy” rating and set a $340.00 target price on shares of FedEx in a report on Friday, March 19th. Raymond James raised their price objective on FedEx from $305.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, March 25th. Vertical Research began coverage on shares of FedEx in a report on Thursday, April 1st. They set a “buy” rating and a $340.00 target price for the company. Robert W. Baird reissued a “buy” rating on shares of FedEx in a research note on Sunday, February 21st. Finally, The Goldman Sachs Group boosted their price target on shares of FedEx from $356.00 to $365.00 and gave the stock a “buy” rating in a research report on Thursday, March 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $313.27.
Shares of FDX stock opened at $279.11 on Thursday. FedEx Co. has a 1-year low of $103.40 and a 1-year high of $305.66. The firm has a market cap of $74.06 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30. The company has a 50-day moving average of $266.98 and a two-hundred day moving average of $266.78. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.76 and a quick ratio of 1.71.
FedEx (NYSE:FDX) last issued its quarterly earnings data on Wednesday, March 17th. The shipping service provider reported $3.47 EPS for the quarter, topping the consensus estimate of $3.21 by $0.26. The firm had revenue of $21.51 billion for the quarter, compared to analyst estimates of $19.90 billion. FedEx had a net margin of 3.28% and a return on equity of 18.65%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 EPS. Sell-side analysts anticipate that FedEx Co. will post 17.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Monday, March 8th were paid a $0.65 dividend. The ex-dividend date was Friday, March 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.93%. FedEx’s payout ratio is presently 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.
Read More: Example of operating income, EBIT and EBITDA
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