Roberts Wealth Advisors LLC cut its stake in FedEx Co. (NYSE:FDX – Get Rating) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,069 shares of the shipping service provider’s stock after selling 185 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in FedEx were worth $1,253,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Coston McIsaac & Partners acquired a new stake in shares of FedEx in the 2nd quarter worth $30,000. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of FedEx in the 1st quarter worth $35,000. Wagner Wealth Management LLC acquired a new stake in shares of FedEx in the 2nd quarter worth $41,000. Worth Asset Management LLC purchased a new position in shares of FedEx during the 1st quarter worth $41,000. Finally, Cowa LLC purchased a new position in shares of FedEx during the 3rd quarter worth $33,000. 72.02% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on FDX shares. StockNews.com started coverage on FedEx in a report on Thursday. They set a “hold” rating for the company. Citigroup increased their price target on FedEx from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Friday. Bank of America increased their price target on FedEx from $233.00 to $305.00 in a report on Friday. Stifel Nicolaus increased their price target on FedEx from $222.00 to $242.00 in a report on Friday. Finally, JPMorgan Chase & Co. raised their target price on FedEx from $199.00 to $233.00 in a report on Friday. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and an average target price of $230.75.
Insider Transactions at FedEx
FedEx Stock Up 8.0 %
Shares of NYSE FDX traded up $16.26 during midday trading on Friday, hitting $220.31. 12,660,474 shares of the company’s stock were exchanged, compared to its average volume of 2,076,000. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.30 and a quick ratio of 1.25. FedEx Co. has a twelve month low of $141.92 and a twelve month high of $248.76. The company has a market cap of $55.61 billion, a PE ratio of 17.31, a P/E/G ratio of 1.22 and a beta of 1.31. The firm’s fifty day simple moving average is $201.14 and its 200-day simple moving average is $181.63.
FedEx (NYSE:FDX – Get Rating) last issued its earnings results on Thursday, March 16th. The shipping service provider reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.74. FedEx had a return on equity of 19.17% and a net margin of 3.54%. The business had revenue of $22.17 billion for the quarter, compared to analyst estimates of $22.74 billion. During the same quarter last year, the company earned $4.59 EPS. The business’s quarterly revenue was down 6.2% on a year-over-year basis. Research analysts predict that FedEx Co. will post 13.53 EPS for the current fiscal year.
FedEx Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 13th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, March 10th. FedEx’s dividend payout ratio (DPR) is presently 36.14%.
FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services under the FedEx brand. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.
- Get a free copy of the StockNews.com research report on FedEx (FDX)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX – Get Rating).
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.