Eagle Strategies LLC Purchases 74 Shares of FedEx Co. (NYSE:FDX)

Eagle Strategies LLC lifted its position in FedEx Co. (NYSE:FDX) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 840 shares of the shipping service provider’s stock after purchasing an additional 74 shares during the quarter. Eagle Strategies LLC’s holdings in FedEx were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Regal Investment Advisors LLC raised its holdings in shares of FedEx by 2.4% in the 4th quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider’s stock valued at $451,000 after acquiring an additional 38 shares in the last quarter. Cetera Trust Company N.A increased its position in shares of FedEx by 0.5% in the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider’s stock worth $2,230,000 after purchasing an additional 40 shares during the last quarter. Griffin Asset Management Inc. raised its stake in FedEx by 0.4% in the fourth quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider’s stock valued at $2,916,000 after purchasing an additional 40 shares in the last quarter. Aviso Financial Inc. lifted its position in FedEx by 1.2% during the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider’s stock valued at $957,000 after purchasing an additional 40 shares during the last quarter. Finally, Garner Asset Management Corp grew its stake in FedEx by 0.7% in the 4th quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider’s stock worth $1,659,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling

In related news, COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 23,347 shares of the company’s stock, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of research analyst reports. UBS Group dropped their price objective on shares of FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a report on Friday, March 21st. Raymond James cut their price objective on FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Loop Capital cut FedEx from a “hold” rating to a “sell” rating and decreased their price objective for the company from $283.00 to $221.00 in a report on Friday, March 21st. Piper Sandler lowered FedEx to a “neutral” rating in a research note on Monday, February 3rd. Finally, TD Cowen decreased their price target on shares of FedEx from $337.00 to $310.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.71.

FedEx Stock Down 0.2 %

Shares of NYSE FDX opened at $209.99 on Friday. The firm has a fifty day simple moving average of $229.46 and a two-hundred day simple moving average of $260.32. The firm has a market capitalization of $50.31 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12 month low of $194.30 and a 12 month high of $313.84.

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

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.63%. FedEx’s dividend payout ratio (DPR) is currently 34.63%.

FedEx Company 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.