Hapanowicz & Associates Financial Services Inc Acquires New Shares in FedEx Co. (NYSE:FDX)

Hapanowicz & Associates Financial Services Inc acquired a new stake in FedEx Co. (NYSE:FDX) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 882 shares of the shipping service provider’s stock, valued at approximately $223,000. FedEx makes up about 0.1% of Hapanowicz & Associates Financial Services Inc’s portfolio, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Financial Management Professionals Inc. raised its stake in FedEx by 143.2% during the 4th 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 during the last quarter. Rakuten Securities Inc. purchased a new stake in FedEx during the 4th quarter valued at $30,000. Tennessee Valley Asset Management Partners purchased a new stake in FedEx during the 4th quarter valued at $31,000. Planned Solutions Inc. purchased a new stake in FedEx during the 4th quarter valued at $32,000. Finally, Valley National Advisers Inc. raised its stake in FedEx by 123.3% during the 4th 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 during the last quarter. 84.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group upped their price objective on FedEx from $323.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. reduced their price objective on FedEx from $322.00 to $305.00 and set a “neutral” rating for the company in a research note on Wednesday, December 20th. Stephens reduced their price objective on FedEx from $330.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, December 20th. TD Cowen raised their price target on FedEx from $293.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, The Goldman Sachs Group raised their price target on FedEx from $291.00 to $324.00 and gave the company a “buy” rating in a report on Friday, March 22nd. One equities 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $301.33.

Insider Activity

In other FedEx news, 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 value of $102,373.26. Following the sale, the chief executive officer now directly owns 11,147 shares of the company’s stock, valued at $3,223,600.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other FedEx news, 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 value of $102,373.26. Following the sale, the chief executive officer now directly owns 11,147 shares of the company’s stock, valued at $3,223,600.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the chairman now directly owns 14,505,844 shares in the company, valued at $3,978,953,009.20. The disclosure for this sale can be found here. Insiders have sold 136,668 shares of company stock valued at $37,758,773 over the last ninety days. 8.73% of the stock is currently owned by insiders.

FedEx Stock Up 0.1 %

NYSE FDX traded up $0.30 on Thursday, hitting $263.37. The stock had a trading volume of 1,045,982 shares, compared to its average volume of 2,085,661. The business’s fifty day moving average price is $258.30 and its 200 day moving average price is $254.11. 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 $64.81 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 1.25 and a beta of 1.21.

FedEx (NYSE:FDX) last announced its quarterly earnings data 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. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.95 billion. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.41 earnings per share. Equities research analysts anticipate that FedEx Co. will post 17.67 earnings per share for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, March 8th. FedEx’s dividend payout ratio (DPR) is presently 29.07%.

FedEx declared that its Board of Directors has authorized a share repurchase program on Thursday, March 21st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the shipping service provider to buy up to 7.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.