Oliver Lagore Vanvalin Investment Group Has $608,000 Stock Position in FedEx Co. (NYSE:FDX)

Oliver Lagore Vanvalin Investment Group increased its position in shares of FedEx Co. (NYSE:FDX) by 42.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,403 shares of the shipping service provider’s stock after buying an additional 715 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in FedEx were worth $608,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. KRS Capital Management LLC increased its holdings in FedEx by 4.1% during the 4th quarter. KRS Capital Management LLC now owns 1,041 shares of the shipping service provider’s stock worth $263,000 after purchasing an additional 41 shares in the last quarter. Zullo Investment Group Inc. increased its holdings in FedEx by 0.7% during the 4th quarter. Zullo Investment Group Inc. now owns 5,721 shares of the shipping service provider’s stock worth $1,447,000 after purchasing an additional 42 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in FedEx by 18.0% during the 4th quarter. Toth Financial Advisory Corp now owns 288 shares of the shipping service provider’s stock worth $73,000 after purchasing an additional 44 shares in the last quarter. SVB Wealth LLC increased its holdings in FedEx by 2.5% during the 4th quarter. SVB Wealth LLC now owns 1,801 shares of the shipping service provider’s stock worth $456,000 after purchasing an additional 44 shares in the last quarter. Finally, Family Legacy Inc. increased its holdings in FedEx by 3.2% during the 3rd quarter. Family Legacy Inc. now owns 1,439 shares of the shipping service provider’s stock worth $381,000 after purchasing an additional 45 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of FDX stock traded down $0.40 on Thursday, reaching $262.67. The company’s stock had a trading volume of 439,455 shares, compared to its average volume of 2,077,192. The stock’s 50 day simple moving average is $258.30 and its 200-day simple moving average is $254.11. FedEx Co. has a 12-month low of $213.80 and a 12-month high of $291.27. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $64.64 billion, a P/E ratio of 15.17, a PEG ratio of 1.25 and a beta of 1.21.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.37. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.95 billion. During the same quarter last year, the business posted $3.41 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts predict that FedEx Co. will post 17.67 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were given a dividend of $1.26 per share. The ex-dividend date was Friday, March 8th. This represents a $5.04 dividend on an annualized basis and a yield of 1.92%. FedEx’s payout ratio is 29.07%.

FedEx announced that its board has initiated a stock buyback program on Thursday, March 21st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the shipping service provider to purchase up to 7.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Jefferies Financial Group boosted their price objective on FedEx from $265.00 to $300.00 and gave the stock a “hold” rating in a report on Friday, March 22nd. The Goldman Sachs Group upped their target price on FedEx from $291.00 to $324.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Raymond James reduced their target price on FedEx from $279.00 to $275.00 and set an “outperform” rating for the company in a report on Wednesday, December 20th. Oppenheimer reissued a “market perform” rating on shares of FedEx in a report on Friday, March 22nd. Finally, Melius raised FedEx from a “hold” rating to a “buy” rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $301.33.

Insider Buying and Selling at FedEx

In other FedEx news, EVP Tracy B. Brightman sold 2,550 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $275.69, for a total transaction of $703,009.50. Following the sale, the executive vice president now owns 6,294 shares in the company, valued at $1,735,192.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Guy M. Erwin II sold 2,749 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $289.11, for a total value of $794,763.39. Following the sale, the vice president now directly owns 486 shares of the company’s stock, valued at $140,507.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tracy B. Brightman sold 2,550 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $275.69, for a total value of $703,009.50. Following the completion of the sale, the executive vice president now directly owns 6,294 shares in the company, valued at $1,735,192.86. The disclosure for this sale can be found here. Insiders have sold 136,668 shares of company stock worth $37,758,773 over the last 90 days. Corporate insiders own 8.73% of the company’s stock.

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.