Moss Adams Wealth Advisors LLC Increases Position in FedEx Co. (NYSE:FDX)

Moss Adams Wealth Advisors LLC lifted its holdings in FedEx Co. (NYSE:FDX) by 11.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,754 shares of the shipping service provider’s stock after purchasing an additional 187 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in FedEx were worth $430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FDX. Transce3nd LLC purchased a new position in shares of FedEx in the 4th quarter valued at about $26,000. Kentucky Trust Co purchased a new position in shares of FedEx in the 4th quarter valued at about $28,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of FedEx in the 4th quarter valued at about $28,000. Activest Wealth Management purchased a new position in shares of FedEx in the 4th quarter valued at about $29,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of FedEx in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insiders Place Their Bets

In other FedEx 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 transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. This represents a 20.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.87% of the stock is owned by insiders.

FedEx Stock Up 1.5%

NYSE:FDX opened at $219.96 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average is $215.83 and its two-hundred day moving average is $249.33. FedEx Co. has a 52 week low of $194.30 and a 52 week high of $313.84. The stock has a market capitalization of $52.70 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35.

FedEx (NYSE:FDX) last released 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). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. During the same quarter last year, the company earned $3.86 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

Analyst Ratings Changes

FDX has been the subject of several research reports. UBS Group cut their price objective on FedEx from $331.00 to $311.00 and set a “buy” rating for the company in a research note on Wednesday, May 28th. Barclays cut their price objective on FedEx from $350.00 to $330.00 and set an “overweight” rating for the company in a research note on Tuesday, June 3rd. Cfra Research upgraded FedEx to a “hold” rating in a research note on Thursday, March 20th. Raymond James cut their price objective on FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Finally, Stephens reiterated an “overweight” rating and set a $300.00 price objective on shares of FedEx in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus price target of $295.33.

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.