1,537 Shares in FedEx Corporation $FDX Purchased by Murphy Middleton Hinkle & Parker Inc.

Murphy Middleton Hinkle & Parker Inc. bought a new stake in FedEx Corporation (NYSE:FDXFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,537 shares of the shipping service provider’s stock, valued at approximately $444,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FDX. Brighton Jones LLC boosted its stake in shares of FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares during the period. Empowered Funds LLC increased its stake in FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after buying an additional 4,548 shares during the period. Sivia Capital Partners LLC acquired a new stake in FedEx during the 2nd quarter worth approximately $586,000. Prudential PLC lifted its holdings in FedEx by 51.5% during the 2nd quarter. Prudential PLC now owns 5,169 shares of the shipping service provider’s stock worth $1,175,000 after buying an additional 1,756 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in FedEx in the 2nd quarter valued at approximately $743,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of FDX stock opened at $355.82 on Tuesday. The company has a market cap of $83.66 billion, a P/E ratio of 18.94, a PEG ratio of 1.61 and a beta of 1.29. The firm has a fifty day moving average price of $352.08 and a 200 day moving average price of $292.68. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $392.86.

FedEx (NYSE:FDXGet Free Report) last posted its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The company had revenue of $24 billion for the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.FedEx’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $4.51 earnings per share. Sell-side analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be paid a dividend of $1.45 per share. The ex-dividend date is Monday, March 9th. This represents a $5.80 annualized dividend and a yield of 1.6%. FedEx’s payout ratio is presently 30.87%.

Key FedEx News

Here are the key news stories impacting FedEx this week:

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FDX. Wolfe Research upped their price objective on FedEx from $355.00 to $394.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Evercore lifted their target price on FedEx from $364.00 to $380.00 in a report on Tuesday, February 24th. JPMorgan Chase & Co. boosted their target price on FedEx from $424.00 to $432.00 and gave the stock a “neutral” rating in a research note on Friday. Bank of America upped their price target on FedEx from $431.00 to $440.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley increased their price target on FedEx from $220.00 to $230.00 and gave the company an “underweight” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $393.85.

Check Out Our Latest Report on FDX

FedEx Company Profile

(Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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