U.S. Capital Wealth Advisors LLC boosted its holdings in FedEx Co. (NYSE:FDX – Free Report) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,598 shares of the shipping service provider’s stock after purchasing an additional 1,694 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in FedEx were worth $2,138,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Golden State Equity Partners increased its stake in FedEx by 661.7% during the fourth quarter. Golden State Equity Partners now owns 4,852 shares of the shipping service provider’s stock valued at $1,365,000 after purchasing an additional 4,215 shares during the last quarter. Five Oceans Advisors bought a new stake in shares of FedEx during the 4th quarter valued at about $225,000. Journey Strategic Wealth LLC grew its position in shares of FedEx by 1.9% during the 4th quarter. Journey Strategic Wealth LLC now owns 2,832 shares of the shipping service provider’s stock valued at $797,000 after buying an additional 52 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of FedEx by 3.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,642 shares of the shipping service provider’s stock valued at $1,869,000 after purchasing an additional 247 shares during the last quarter. Finally, Independence Bank of Kentucky grew its holdings in shares of FedEx by 520.2% during the fourth quarter. Independence Bank of Kentucky now owns 3,845 shares of the shipping service provider’s stock valued at $1,082,000 after purchasing an additional 3,225 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.
FedEx Trading Down 6.6 %
Shares of NYSE:FDX opened at $247.34 on Tuesday. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.10 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company has a 50 day moving average price of $279.62 and a 200 day moving average price of $282.02. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84.
FedEx Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s payout ratio is 35.18%.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Wells Fargo & Company upped their price objective on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. upped their price target on shares of FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Loop Capital lowered shares of FedEx from a “buy” rating to a “hold” rating and lowered their price target for the stock from $365.00 to $283.00 in a research report on Monday. Citigroup upped their target price on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets upped their target price on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $321.87.
Read Our Latest Analysis on FedEx
Insider Buying and Selling
In other FedEx news, EVP John W. Dietrich bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.
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.
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