Peoples Financial Services CORP. Invests $28,000 in FedEx Co. (NYSE:FDX)

Peoples Financial Services CORP. bought a new stake in FedEx Co. (NYSE:FDX) during the 4th quarter, HoldingsChannel.com reports. The fund bought 100 shares of the shipping service provider’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also bought and sold shares of FDX. R.H. Investment Group LLC purchased a new position in shares of FedEx during the 4th quarter valued at approximately $4,513,000. Pines Wealth Management LLC purchased a new stake in FedEx during the 4th quarter valued at about $1,906,000. Accurate Wealth Management LLC increased its holdings in shares of FedEx by 19.2% in the fourth quarter. Accurate Wealth Management LLC now owns 2,405 shares of the shipping service provider’s stock valued at $651,000 after purchasing an additional 388 shares during the last quarter. Capstone Wealth Management Group LLC boosted its position in shares of FedEx by 4.3% during the 4th quarter. Capstone Wealth Management Group LLC now owns 1,072 shares of the shipping service provider’s stock valued at $301,000 after acquiring an additional 44 shares during the last quarter. Finally, Quantum Financial Advisors LLC acquired a new position in FedEx in the fourth quarter valued at approximately $204,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FedEx

In other FedEx news, EVP John W. Dietrich acquired 1,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were bought at an average price of $273.98 per share, with a total value of $273,980.00. Following the purchase, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FDX. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Evercore ISI cut their price target on FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. boosted their price target on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Barclays raised their price objective on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Hsbc Global Res downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $325.61.

FedEx Stock Performance

Shares of FDX stock opened at $277.63 on Wednesday. The company’s 50-day simple moving average is $283.89 and its 200-day simple moving average is $284.31. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The stock has a market capitalization of $66.87 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.18 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the prior year, the company posted $3.99 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. Equities analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 1.99%. FedEx’s dividend payout ratio (DPR) is 35.18%.

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.