Culbertson A N & Co. Inc. lifted its holdings in FedEx Co. (NYSE:FDX) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,476 shares of the shipping service provider’s stock after buying an additional 1,221 shares during the period. FedEx comprises 2.4% of Culbertson A N & Co. Inc.’s holdings, making the stock its 8th largest holding. Culbertson A N & Co. Inc.’s holdings in FedEx were worth $8,603,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Beach Investment Management LLC. purchased a new position in shares of FedEx during the 2nd quarter worth about $11,976,000. Bingham Osborn & Scarborough LLC purchased a new position in shares of FedEx during the 2nd quarter worth about $259,000. Pinnacle Financial Partners Inc. boosted its stake in shares of FedEx by 14.5% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 1,263 shares of the shipping service provider’s stock worth $274,000 after purchasing an additional 160 shares during the period. Donaldson Capital Management LLC boosted its stake in shares of FedEx by 13.0% during the 2nd quarter. Donaldson Capital Management LLC now owns 9,663 shares of the shipping service provider’s stock worth $2,100,000 after purchasing an additional 1,110 shares during the period. Finally, Savant Capital LLC boosted its stake in shares of FedEx by 15.0% during the 2nd quarter. Savant Capital LLC now owns 6,571 shares of the shipping service provider’s stock worth $1,428,000 after purchasing an additional 857 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.
FedEx Co. (FDX) opened at $273.89 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57. The company has a market cap of $73,370.00, a P/E ratio of 25.17, a P/E/G ratio of 1.62 and a beta of 1.36. FedEx Co. has a 52 week low of $182.89 and a 52 week high of $274.66.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, December 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.73%. FedEx’s dividend payout ratio (DPR) is presently 18.38%.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of FedEx from a “hold” rating to a “strong-buy” rating and set a $310.00 price target for the company in a research note on Thursday, January 18th. Bank of America reaffirmed a “buy” rating and set a $315.00 price target on shares of FedEx in a research note on Friday, January 12th. Robert W. Baird reaffirmed a “buy” rating and set a $280.00 price target on shares of FedEx in a research note on Tuesday, January 9th. BMO Capital Markets reaffirmed a “buy” rating and set a $300.00 price target on shares of FedEx in a research note on Monday, January 8th. Finally, UBS Group raised shares of FedEx from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $264.00 to $302.00 in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. FedEx presently has an average rating of “Buy” and an average price target of $270.49.
In related news, insider Henry J. Maier sold 11,150 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the completion of the transaction, the insider now owns 36,747 shares in the company, valued at approximately $8,395,219.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kim Jabal sold 3,980 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total transaction of $897,689.00. Following the transaction, the director now owns 6,080 shares of the company’s stock, valued at approximately $1,371,344. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,671 shares of company stock valued at $17,137,160. 8.45% of the stock is currently owned by company insiders.
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FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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