SFE Investment Counsel Has $3.58 Million Stock Holdings in FedEx Corporation (NYSE:FDX)

SFE Investment Counsel grew its position in FedEx Corporation (NYSE:FDX - Free Report) by 22.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,696 shares of the shipping service provider's stock after buying an additional 2,735 shares during the period. SFE Investment Counsel's holdings in FedEx were worth $3,583,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Transce3nd LLC bought a new position in FedEx during the fourth quarter worth about $26,000. Pilgrim Partners Asia Pte Ltd bought a new position in FedEx during the 4th quarter worth approximately $28,000. Accredited Wealth Management LLC bought a new position in FedEx during the 4th quarter worth approximately $35,000. Abound Financial LLC acquired a new stake in FedEx in the first quarter worth $38,000. Finally, Optiver Holding B.V. bought a new position in shares of FedEx during the fourth quarter worth $39,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Activity

In related news, Director R Brad Martin sold 2,123 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the transaction, the director directly owned 8,935 shares of the company's stock, valued at $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director directly owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock valued at $2,228,816 in the last ninety days. 8.87% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FDX shares. Bank of America cut their price objective on FedEx from $270.00 to $245.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Cowen reissued a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of FedEx from $260.00 to $290.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Barclays reaffirmed an "overweight" rating and issued a $320.00 target price (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Finally, Citigroup lifted their target price on FedEx from $259.00 to $278.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $283.25.

FedEx Trading Up 2.9%

Shares of FedEx stock traded up $6.77 during trading on Friday, hitting $243.28. The company's stock had a trading volume of 1,811,699 shares, compared to its average volume of 1,994,019. The stock has a market cap of $57.39 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The stock has a 50-day moving average price of $227.02 and a two-hundred day moving average price of $237.07. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating the consensus estimate of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%. The business had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. During the same period in the prior year, the business posted $5.41 earnings per share. Equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd were given a $1.45 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This is a positive change from FedEx's previous quarterly dividend of $1.38. This represents a $5.80 annualized dividend and a dividend yield of 2.38%. FedEx's dividend payout ratio (DPR) is 34.36%.

About FedEx

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.