World Investment Advisors Acquires 796 Shares of FedEx Co. (NYSE:FDX)

World Investment Advisors increased its holdings in FedEx Co. (NYSE:FDX) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,632 shares of the shipping service provider’s stock after buying an additional 796 shares during the period. World Investment Advisors’ holdings in FedEx were worth $3,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. bLong Financial LLC bought a new stake in FedEx during the 4th quarter worth approximately $391,000. Virtu Financial LLC bought a new stake in shares of FedEx during the 3rd quarter valued at about $3,405,000. Lodestone Wealth Management LLC purchased a new position in shares of FedEx during the fourth quarter worth about $461,000. Wedmont Private Capital increased its position in shares of FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after purchasing an additional 91 shares during the last quarter. Finally, GFS Advisors LLC purchased a new stake in FedEx in the fourth quarter valued at approximately $26,855,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Trading Down 2.8 %

FedEx stock opened at $209.90 on Friday. FedEx Co. has a one year low of $203.90 and a one year high of $313.84. The business’s fifty day moving average is $252.45 and its 200 day moving average is $269.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $50.29 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.86 earnings per share. On average, sell-side analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.63%. FedEx’s payout ratio is 34.63%.

Insider Transactions at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now owns 23,347 shares of the company’s stock, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,711 shares of company stock worth $3,312,693 in the last ninety days. Insiders own 8.87% of the company’s stock.

Analysts Set New Price Targets

FDX has been the subject of a number of research reports. Bank of America cut their price target on shares of FedEx from $295.00 to $272.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Barclays cut their target price on shares of FedEx from $365.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, March 21st. Stifel Nicolaus lowered their price target on FedEx from $364.00 to $354.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. cut their price objective on FedEx from $323.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Finally, StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $302.71.

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.