FedEx Co. (NYSE:FDX) Shares Acquired by Bokf Na

Bokf Na raised its stake in shares of FedEx Co. (NYSE:FDX) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,808 shares of the shipping service provider’s stock after purchasing an additional 81 shares during the quarter. Bokf Na’s holdings in FedEx were worth $2,467,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Planned Solutions Inc. acquired a new stake in shares of FedEx in the fourth quarter worth $32,000. Good Life Advisors LLC boosted its holdings in FedEx by 7.5% during the fourth quarter. Good Life Advisors LLC now owns 861 shares of the shipping service provider’s stock worth $218,000 after buying an additional 60 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in FedEx by 14.3% during the fourth quarter. State of Alaska Department of Revenue now owns 60,189 shares of the shipping service provider’s stock worth $15,225,000 after buying an additional 7,545 shares in the last quarter. Wells Trecaso Financial Group LLC boosted its holdings in FedEx by 1.8% during the fourth quarter. Wells Trecaso Financial Group LLC now owns 21,918 shares of the shipping service provider’s stock worth $5,545,000 after buying an additional 381 shares in the last quarter. Finally, Mayflower Financial Advisors LLC boosted its holdings in FedEx by 4.6% during the fourth quarter. Mayflower Financial Advisors LLC now owns 1,771 shares of the shipping service provider’s stock worth $448,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insiders Place Their Bets

In other FedEx news, Director Paul S. Walsh sold 2,535 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $294.72, for a total transaction of $747,115.20. Following the completion of the sale, the director now owns 14,745 shares of the company’s stock, valued at $4,345,646.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Paul S. Walsh sold 2,535 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $294.72, for a total value of $747,115.20. Following the completion of the transaction, the director now directly owns 14,745 shares in the company, valued at $4,345,646.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brie Carere sold 1,958 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the transaction, the executive vice president now owns 19,937 shares of the company’s stock, valued at $6,189,042.91. The disclosure for this sale can be found here. Insiders sold 32,944 shares of company stock valued at $9,882,355 over the last 90 days. 8.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of FedEx from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, June 26th. Stephens reissued an “overweight” rating and set a $325.00 price target on shares of FedEx in a report on Wednesday, June 26th. JPMorgan Chase & Co. raised shares of FedEx from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $296.00 to $359.00 in a report on Wednesday, June 26th. The Goldman Sachs Group increased their price objective on shares of FedEx from $316.00 to $333.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Wells Fargo & Company increased their price objective on shares of FedEx from $275.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $314.00.

FedEx Trading Up 0.5 %

NYSE FDX traded up $1.55 on Friday, hitting $300.14. 1,200,882 shares of the company were exchanged, compared to its average volume of 1,737,460. The company’s 50 day moving average price is $273.07 and its 200-day moving average price is $262.44. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.32. The firm has a market capitalization of $73.32 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18. FedEx Co. has a twelve month low of $224.69 and a twelve month high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.34 by $0.07. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The firm had revenue of $22.11 billion for the quarter, compared to the consensus estimate of $22.04 billion. During the same quarter in the previous year, the company earned $4.94 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Analysts predict that FedEx Co. will post 20.94 earnings per share for the current fiscal year.

FedEx Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, June 24th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $5.52 dividend on an annualized basis and a yield of 1.84%. This is a boost from FedEx’s previous quarterly dividend of $1.26. FedEx’s dividend payout ratio is presently 32.04%.

FedEx 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.