Ausdal Financial Partners Inc. Invests $339,000 in FedEx Co. (FDX)

Ausdal Financial Partners Inc. bought a new stake in FedEx Co. (NYSE:FDX) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,357 shares of the shipping service provider’s stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Strategic Advisors LLC grew its position in FedEx by 16.7% in the second quarter. Strategic Advisors LLC now owns 2,138 shares of the shipping service provider’s stock valued at $465,000 after acquiring an additional 306 shares during the period. Stevens Capital Management LP grew its position in FedEx by 60.6% in the second quarter. Stevens Capital Management LP now owns 39,340 shares of the shipping service provider’s stock valued at $8,550,000 after acquiring an additional 14,845 shares during the period. Vanguard Group Inc. grew its position in FedEx by 2.7% in the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after acquiring an additional 492,840 shares during the period. Prudential PLC grew its position in FedEx by 25.8% in the second quarter. Prudential PLC now owns 52,403 shares of the shipping service provider’s stock valued at $11,389,000 after acquiring an additional 10,753 shares during the period. Finally, Sirios Capital Management L P grew its position in FedEx by 12.3% in the third quarter. Sirios Capital Management L P now owns 589,149 shares of the shipping service provider’s stock valued at $132,901,000 after acquiring an additional 64,637 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

A number of analysts have weighed in on FDX shares. Citigroup upped their price target on FedEx to $275.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Credit Suisse Group restated a “positive” rating and set a $283.00 target price (up previously from $278.00) on shares of FedEx in a report on Wednesday, December 20th. Stephens set a $306.00 target price on FedEx and gave the stock a “buy” rating in a report on Wednesday, December 20th. Robert W. Baird restated a “buy” rating and set a $270.00 target price on shares of FedEx in a report on Monday, February 12th. Finally, Zacks Investment Research cut FedEx from a “hold” rating to a “sell” rating in a report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. FedEx currently has a consensus rating of “Buy” and a consensus target price of $272.69.

In related news, EVP Robert B. Carter sold 3,970 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $250.73, for a total value of $995,398.10. Following the transaction, the executive vice president now owns 187,025 shares in the company, valued at $46,892,778.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David P. Steiner sold 3,016 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $266.05, for a total value of $802,406.80. Following the completion of the transaction, the director now owns 16,040 shares in the company, valued at approximately $4,267,442. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,541 shares of company stock worth $13,692,142. 8.45% of the stock is owned by company insiders.

FedEx Co. (NYSE:FDX) opened at $244.19 on Friday. The stock has a market capitalization of $65,420.00, a PE ratio of 22.44, a P/E/G ratio of 1.43 and a beta of 1.30. FedEx Co. has a 1-year low of $182.89 and a 1-year high of $274.66. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.29. The business had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.80 earnings per share. equities analysts forecast that FedEx Co. will post 13.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, April 2nd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.82%. FedEx’s dividend payout ratio is 18.38%.

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About FedEx

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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