Inscription Capital LLC Buys Shares of 1,620 FedEx Corporation (NYSE:FDX)

Inscription Capital LLC acquired a new stake in FedEx Corporation (NYSE:FDX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,620 shares of the shipping service provider's stock, valued at approximately $395,000.

Other large investors have also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in shares of FedEx in the fourth quarter valued at about $26,000. Pilgrim Partners Asia Pte Ltd bought a new position in FedEx in the 4th quarter worth approximately $28,000. Runnymede Capital Advisors Inc. acquired a new position in shares of FedEx during the fourth quarter worth approximately $32,000. Accredited Wealth Management LLC acquired a new stake in shares of FedEx in the fourth quarter worth $35,000. Finally, Optiver Holding B.V. bought a new position in FedEx during the fourth quarter worth $39,000. Institutional investors own 84.47% of the company's stock.

Insider Activity at FedEx

In related news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This trade represents a 20.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.87% of the stock is currently owned by company insiders.

FedEx Price Performance

FDX stock traded up $0.54 during midday trading on Thursday, reaching $223.07. 1,517,523 shares of the company's stock traded hands, compared to its average volume of 1,856,460. The company has a 50-day simple moving average of $217.59 and a two-hundred day simple moving average of $245.73. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 1-year low of $194.30 and a 1-year high of $313.84. The company has a market cap of $53.45 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.06 and a beta of 1.35.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). FedEx had a net margin of 4.46% and a return on equity of 16.00%. The business had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same quarter last year, the business posted $3.86 earnings per share. The business's quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 23rd will be paid a $1.45 dividend. The ex-dividend date is Monday, June 23rd. This is an increase from FedEx's previous quarterly dividend of $1.38. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.60%. FedEx's payout ratio is currently 36.39%.

Analysts Set New Price Targets

A number of analysts have weighed in on FDX shares. Jefferies Financial Group raised shares of FedEx from a "hold" rating to a "buy" rating and reduced their price target for the company from $300.00 to $275.00 in a report on Monday, March 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of FedEx in a research note on Friday, March 7th. They issued a "buy" rating and a $337.00 target price for the company. Bank of America lowered their price target on FedEx from $272.00 to $270.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. BMO Capital Markets reduced their price objective on FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research report on Monday, May 19th. Finally, Wall Street Zen cut FedEx from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $292.54.

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.