Chapman Financial Group LLC Invests $1.50 Million in FedEx Co. (NYSE:FDX)

Chapman Financial Group LLC acquired a new position in shares of FedEx Co. (NYSE:FDX - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,317 shares of the shipping service provider's stock, valued at approximately $1,496,000. FedEx comprises about 1.2% of Chapman Financial Group LLC's investment portfolio, making the stock its 25th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Regal Investment Advisors LLC grew its stake in shares of FedEx by 2.4% in the 4th quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock worth $451,000 after purchasing an additional 38 shares during the last quarter. Cetera Trust Company N.A increased its holdings in shares of FedEx by 0.5% in the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider's stock valued at $2,230,000 after buying an additional 40 shares in the last quarter. Griffin Asset Management Inc. lifted its position in shares of FedEx by 0.4% during the 4th quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider's stock valued at $2,916,000 after acquiring an additional 40 shares during the last quarter. Aviso Financial Inc. boosted its stake in shares of FedEx by 1.2% during the 4th quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock worth $957,000 after acquiring an additional 40 shares in the last quarter. Finally, Garner Asset Management Corp grew its holdings in shares of FedEx by 0.7% in the 4th quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider's stock worth $1,659,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Up 4.6 %

FDX opened at $219.66 on Monday. The business has a 50 day moving average of $228.72 and a 200-day moving average of $259.81. The stock has a market capitalization of $52.63 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 1.11 and a beta of 1.36. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter in the previous year, the firm posted $3.86 EPS. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.51%. FedEx's dividend payout ratio (DPR) is currently 34.63%.

Insider Activity at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 8.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FDX shares. Truist Financial decreased their price target on FedEx from $305.00 to $275.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Piper Sandler downgraded shares of FedEx to a "neutral" rating in a research report on Monday, February 3rd. Bank of America reduced their price target on shares of FedEx from $295.00 to $272.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Loop Capital lowered shares of FedEx from a "hold" rating to a "sell" rating and decreased their price objective for the stock from $283.00 to $221.00 in a research note on Friday, March 21st. Finally, Stifel Nicolaus reduced their target price on FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $297.71.

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.

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