Jacobs & Co. CA Has $11.48 Million Holdings in FedEx Co. (NYSE:FDX)

Jacobs & Co. CA raised its stake in FedEx Co. (NYSE:FDX) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,366 shares of the shipping service provider’s stock after purchasing an additional 972 shares during the period. Jacobs & Co. CA’s holdings in FedEx were worth $11,476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FDX. Financial Management Professionals Inc. grew its position in shares of FedEx by 143.2% in the fourth quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock valued at $27,000 after purchasing an additional 63 shares during the last quarter. Baystate Wealth Management LLC grew its position in shares of FedEx by 60.2% in the second quarter. Baystate Wealth Management LLC now owns 133 shares of the shipping service provider’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of FedEx in the first quarter valued at approximately $35,000. RVW Wealth LLC acquired a new position in shares of FedEx in the third quarter valued at approximately $40,000. Finally, Venturi Wealth Management LLC grew its position in shares of FedEx by 42.5% in the third quarter. Venturi Wealth Management LLC now owns 151 shares of the shipping service provider’s stock valued at $40,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling

In related news, Director Susan C. Schwab sold 6,145 shares of FedEx stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $288.02, for a total value of $1,769,882.90. Following the completion of the transaction, the director now directly owns 7,865 shares in the company, valued at approximately $2,265,277.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Susan C. Schwab sold 6,145 shares of FedEx stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $288.02, for a total value of $1,769,882.90. Following the completion of the transaction, the director now directly owns 7,865 shares in the company, valued at approximately $2,265,277.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Guy M. Erwin II sold 2,749 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total transaction of $794,763.39. Following the transaction, the vice president now owns 486 shares of the company’s stock, valued at $140,507.46. The disclosure for this sale can be found here. 8.73% of the stock is currently owned by insiders.

FedEx Price Performance

FedEx stock opened at $287.88 on Thursday. FedEx Co. has a 52 week low of $213.80 and a 52 week high of $291.27. The company’s 50 day moving average price is $248.74 and its two-hundred day moving average price is $252.07. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. The stock has a market cap of $70.84 billion, a P/E ratio of 16.60, a P/E/G ratio of 1.37 and a beta of 1.20.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, March 21st. The shipping service provider reported $3.86 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.37. The company had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.95 billion. FedEx had a net margin of 5.02% and a return on equity of 16.60%. FedEx’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.41 EPS. On average, equities analysts predict that FedEx Co. will post 17.6 earnings per share for the current year.

FedEx announced that its board has initiated a share repurchase program on Thursday, March 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the shipping service provider to purchase up to 7.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be issued a $1.26 dividend. The ex-dividend date is Friday, March 8th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 1.75%. FedEx’s dividend payout ratio (DPR) is presently 29.07%.

Analysts Set New Price Targets

FDX has been the subject of several recent research reports. Barclays boosted their price target on FedEx from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Bank Of America (Bofa) boosted their price target on FedEx from $330.00 to $334.00 in a research note on Wednesday, December 20th. TD Cowen upped their target price on FedEx from $293.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. The Goldman Sachs Group upped their target price on FedEx from $291.00 to $324.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Finally, StockNews.com cut FedEx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.07.

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.