Captrust Financial Advisors Boosts Holdings in FedEx Co. (NYSE:FDX)

Captrust Financial Advisors increased its holdings in FedEx Co. (NYSE:FDX) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,865 shares of the shipping service provider’s stock after purchasing an additional 8,061 shares during the period. Captrust Financial Advisors’ holdings in FedEx were worth $32,315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new position in shares of FedEx during the fourth quarter valued at about $10,222,000. Chapman Financial Group LLC purchased a new stake in FedEx during the 4th quarter valued at about $1,496,000. Baird Financial Group Inc. grew its position in FedEx by 10.1% during the 4th quarter. Baird Financial Group Inc. now owns 76,855 shares of the shipping service provider’s stock worth $21,622,000 after acquiring an additional 7,034 shares during the last quarter. Banque Transatlantique SA bought a new position in FedEx during the 4th quarter worth approximately $62,000. Finally, Benjamin Edwards Inc. increased its stake in FedEx by 2.0% in the 4th quarter. Benjamin Edwards Inc. now owns 23,815 shares of the shipping service provider’s stock worth $6,702,000 after purchasing an additional 466 shares during the period. Institutional investors own 84.47% of the company’s stock.

Insider Activity

In related news, COO John Alan Smith sold 6,155 shares of the company’s 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 in the company, 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. Insiders own 8.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on FDX. Stifel Nicolaus lowered their price target on shares of FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a report on Friday, March 21st. TD Cowen dropped their target price on shares of FedEx from $337.00 to $310.00 and set a “buy” rating for the company in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on FedEx in a research note on Friday, March 7th. They issued a “buy” rating and a $337.00 target price on the stock. JPMorgan Chase & Co. dropped 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, Cfra Research upgraded FedEx to a “hold” rating in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $297.71.

FedEx Trading Down 1.2 %

Shares of NYSE:FDX opened at $216.99 on Tuesday. FedEx Co. has a 1 year low of $194.30 and a 1 year high of $313.84. The stock’s fifty day moving average price is $227.94 and its 200-day moving average price is $259.41. The company has a market cap of $51.99 billion, a P/E ratio of 13.83, a PEG ratio of 1.11 and a beta of 1.36. 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 announced its quarterly earnings results 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). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion for the quarter, compared to analysts’ expectations of $21.96 billion. During the same period in the previous year, the business earned $3.86 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid 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 2.54%. FedEx’s dividend payout ratio is presently 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.