Loudon Investment Management LLC Has $582,000 Holdings in FedEx Co. (NYSE:FDX)

Loudon Investment Management LLC increased its holdings in FedEx Co. (NYSE:FDX) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,196 shares of the shipping service provider’s stock after buying an additional 418 shares during the period. Loudon Investment Management LLC’s holdings in FedEx were worth $582,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. raised its position in shares of FedEx by 143.2% in the fourth quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock valued at $27,000 after buying an additional 63 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $30,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $31,000. Planned Solutions Inc. acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $32,000. Finally, Valley National Advisers Inc. raised its position in shares of FedEx by 123.3% in the fourth quarter. Valley National Advisers Inc. now owns 134 shares of the shipping service provider’s stock valued at $33,000 after buying an additional 74 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FedEx

In other FedEx news, Chairman Frederick W. Smith sold 113,400 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the sale, the chairman now owns 14,505,844 shares of the company’s stock, valued at $3,978,953,009.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FedEx news, Chairman Frederick W. Smith sold 113,400 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the sale, the chairman now owns 14,505,844 shares of the company’s stock, valued at $3,978,953,009.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sriram Krishnasamy sold 354 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $289.19, for a total transaction of $102,373.26. Following the sale, the chief executive officer now directly owns 11,147 shares in the company, valued at approximately $3,223,600.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,668 shares of company stock valued at $37,758,773. 8.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FDX shares. Jefferies Financial Group boosted their price objective on shares of FedEx from $265.00 to $300.00 and gave the company a “hold” rating in a research report on Friday, March 22nd. TD Cowen boosted their price objective on shares of FedEx from $293.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Evercore ISI boosted their price objective on shares of FedEx from $327.00 to $351.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Barclays boosted their price objective on shares of FedEx from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Finally, BMO Capital Markets boosted their price objective on shares of FedEx from $290.00 to $310.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $301.33.

FedEx Trading Up 0.5 %

Shares of FedEx stock traded up $1.29 during trading on Thursday, hitting $262.02. The company’s stock had a trading volume of 1,311,616 shares, compared to its average volume of 1,978,094. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.26. FedEx Co. has a 52 week low of $213.80 and a 52 week high of $291.27. The stock has a market cap of $64.48 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23. The stock has a 50-day moving average price of $263.57 and a two-hundred day moving average price of $254.76.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.37. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The company had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.95 billion. During the same quarter in the previous year, the firm posted $3.41 earnings per share. FedEx’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities research analysts anticipate that FedEx Co. will post 17.69 EPS for the current fiscal year.

FedEx declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 21st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the shipping service provider to reacquire up to 7.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

FedEx Announces Dividend

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 of this dividend was Friday, March 8th. This represents a $5.04 dividend on an annualized basis and a yield of 1.92%. FedEx’s dividend payout ratio (DPR) is currently 29.07%.

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.