Central Pacific Bank Trust Division Buys 100 Shares of FedEx Co. (NYSE:FDX)

Central Pacific Bank Trust Division lifted its stake in FedEx Co. (NYSE:FDX) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,125 shares of the shipping service provider’s stock after buying an additional 100 shares during the period. Central Pacific Bank Trust Division’s holdings in FedEx were worth $1,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FDX. Evermay Wealth Management LLC increased its holdings in FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after buying an additional 40 shares during the period. Highline Wealth Partners LLC acquired a new stake in shares of FedEx during the 3rd quarter valued at about $31,000. Abound Wealth Management increased its stake in FedEx by 175.9% in the second quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after acquiring an additional 95 shares during the period. Sachetta LLC raised its position in FedEx by 29.1% in the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after purchasing an additional 37 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in FedEx during the third quarter worth about $47,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FDX shares. Bernstein Bank increased their target price on FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. The Goldman Sachs Group dropped their price objective on FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. UBS Group boosted their target price on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, December 20th. HSBC downgraded shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price target for the company. in a report on Friday, September 20th. Finally, Hsbc Global Res cut shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average target price of $324.88.

Insiders Place Their Bets

In related news, Director Amy B. Lane purchased 333 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the purchase, the director now owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.87% of the company’s stock.

FedEx Trading Up 0.0 %

NYSE:FDX opened at $274.41 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The firm has a market capitalization of $66.09 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.17 and a beta of 1.18. The business’s 50-day moving average price is $283.82 and its two-hundred day moving average price is $283.56.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same quarter last year, the firm earned $3.99 EPS. FedEx’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently disclosed 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. This represents a $5.52 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s payout ratio is presently 35.18%.

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.