Bell & Brown Wealth Advisors LLC grew its holdings in FedEx Co. (NYSE:FDX) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,672 shares of the shipping service provider’s stock after purchasing an additional 1,774 shares during the period. FedEx makes up about 2.0% of Bell & Brown Wealth Advisors LLC’s holdings, making the stock its 12th biggest position. Bell & Brown Wealth Advisors LLC’s holdings in FedEx were worth $2,044,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of FDX. Elite Wealth Management Inc. boosted its stake in shares of FedEx by 1.9% in the 4th quarter. Elite Wealth Management Inc. now owns 3,191 shares of the shipping service provider’s stock valued at $515,000 after purchasing an additional 61 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of FedEx by 17.5% in the 4th quarter. Legacy Financial Advisors Inc. now owns 423 shares of the shipping service provider’s stock valued at $68,000 after purchasing an additional 63 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in FedEx by 2.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,423 shares of the shipping service provider’s stock valued at $583,000 after buying an additional 64 shares during the last quarter. Central Bank & Trust Co. raised its holdings in FedEx by 0.9% during the 4th quarter. Central Bank & Trust Co. now owns 8,402 shares of the shipping service provider’s stock valued at $1,355,000 after buying an additional 74 shares during the last quarter. Finally, LS Investment Advisors LLC raised its holdings in FedEx by 1.3% during the 4th quarter. LS Investment Advisors LLC now owns 5,801 shares of the shipping service provider’s stock valued at $936,000 after buying an additional 74 shares during the last quarter. 71.70% of the stock is currently owned by institutional investors.
FDX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating and set a $233.00 price target on shares of FedEx in a report on Monday, December 24th. ValuEngine upgraded shares of FedEx from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 26th. Zacks Investment Research reiterated a “strong sell” rating on shares of FedEx in a report on Monday, December 31st. UBS Group decreased their price objective on shares of FedEx from $205.00 to $171.00 and set a “neutral” rating for the company in a report on Friday, January 4th. Finally, Berenberg Bank restated a “buy” rating and issued a $245.00 price objective on shares of FedEx in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $214.19.
FDX stock traded up $0.09 during trading on Friday, hitting $198.15. 1,391,886 shares of the stock traded hands, compared to its average volume of 1,667,375. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.40 and a current ratio of 1.46. The company has a market capitalization of $51.63 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.01 and a beta of 1.62. FedEx Co. has a 1 year low of $150.94 and a 1 year high of $266.67.
FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, March 19th. The shipping service provider reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.07). The company had revenue of $17.01 billion for the quarter, compared to analysts’ expectations of $17.70 billion. FedEx had a net margin of 5.25% and a return on equity of 22.67%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.72 EPS. As a group, research analysts predict that FedEx Co. will post 15.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, March 8th. FedEx’s payout ratio is 16.98%.
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FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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