Regent Peak Wealth Advisors LLC Has $288,000 Stake in FedEx Co. (NYSE:FDX)

Regent Peak Wealth Advisors LLC reduced its stake in FedEx Co. (NYSE:FDX) by 8.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,025 shares of the shipping service provider’s stock after selling 89 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in FedEx were worth $288,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FDX. Corundum Group Inc. boosted its holdings in shares of FedEx by 49.8% during the 4th quarter. Corundum Group Inc. now owns 5,694 shares of the shipping service provider’s stock worth $1,602,000 after buying an additional 1,894 shares during the period. AMI Investment Management Inc. lifted its position in FedEx by 2.9% during the 4th quarter. AMI Investment Management Inc. now owns 15,208 shares of the shipping service provider’s stock worth $4,278,000 after acquiring an additional 433 shares during the last quarter. City Holding Co. bought a new stake in FedEx during the fourth quarter valued at about $28,000. Grove Bank & Trust grew its position in shares of FedEx by 13.0% in the fourth quarter. Grove Bank & Trust now owns 434 shares of the shipping service provider’s stock valued at $122,000 after purchasing an additional 50 shares during the last quarter. Finally, Kelly Financial Services LLC acquired a new position in shares of FedEx during the 4th quarter worth about $4,513,000. Institutional investors own 84.47% of the company’s stock.

Insiders Place Their Bets

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

FedEx Stock Down 0.8 %

Shares of FedEx stock opened at $275.11 on Tuesday. The stock has a market cap of $66.26 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The business has a fifty day simple moving average of $283.48 and a 200 day simple moving average of $283.87. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.99 earnings per share. Research analysts predict that FedEx Co. will post 19.2 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.01%. FedEx’s payout ratio is 35.18%.

Analyst Upgrades and Downgrades

FDX has been the topic of several recent analyst reports. Stephens dropped their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, December 20th. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Raymond James upped their target price on shares of FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. TD Cowen upped their target price on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Barclays upped their price objective on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $325.61.

FedEx Company 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.