CreativeOne Wealth LLC Has $868,000 Stock Holdings in FedEx Co. (NYSE:FDX)

CreativeOne Wealth LLC increased its holdings in shares of FedEx Co. (NYSE:FDX) by 50.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,086 shares of the shipping service provider’s stock after purchasing an additional 1,039 shares during the period. CreativeOne Wealth LLC’s holdings in FedEx were worth $868,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of FedEx by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider’s stock valued at $5,682,727,000 after acquiring an additional 56,236 shares in the last quarter. Geode Capital Management LLC increased its stake in FedEx by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider’s stock valued at $1,350,686,000 after purchasing an additional 109,006 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of FedEx by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider’s stock valued at $1,209,338,000 after purchasing an additional 323,115 shares during the period. Invesco Ltd. boosted its position in shares of FedEx by 4.1% during the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider’s stock worth $906,165,000 after purchasing an additional 127,044 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of FedEx in the 4th quarter valued at about $807,352,000. 84.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FedEx

In related news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares of the company’s stock, valued at approximately $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.87% of the company’s stock.

FedEx Trading Up 1.9 %

Shares of FDX stock opened at $207.45 on Friday. The stock has a market capitalization of $49.71 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.11 and a beta of 1.24. The company’s fifty day simple moving average is $240.13 and its two-hundred day simple moving average is $264.06. FedEx Co. has a 1 year low of $194.30 and a 1 year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The company had revenue of $22.16 billion for the quarter, compared to analysts’ expectations of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company posted $3.86 EPS. As a group, analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.66%. The ex-dividend date was Monday, March 10th. FedEx’s dividend payout ratio is presently 34.63%.

Analysts Set New Price Targets

Several research analysts have issued reports on FDX shares. UBS Group cut their price target on FedEx from $350.00 to $331.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Jefferies Financial Group raised shares of FedEx from a “hold” rating to a “buy” rating and reduced their price target for the company from $300.00 to $275.00 in a research report on Monday, March 24th. Stephens lowered their price objective on shares of FedEx from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of FedEx in a report on Friday, March 7th. They set a “buy” rating and a $337.00 price objective for the company. Finally, Citigroup lowered their target price on shares of FedEx from $305.00 to $267.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $300.63.

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.