TRUE Private Wealth Advisors Takes Position in FedEx Co. (NYSE:FDX)

TRUE Private Wealth Advisors acquired a new stake in FedEx Co. (NYSE:FDX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 316 shares of the shipping service provider’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC increased its stake in shares of FedEx by 7.2% during the first quarter. Lindbrook Capital LLC now owns 808 shares of the shipping service provider’s stock worth $146,000 after purchasing an additional 54 shares during the period. Associated Banc Corp increased its stake in shares of FedEx by 3.7% during the first quarter. Associated Banc Corp now owns 1,644 shares of the shipping service provider’s stock worth $298,000 after purchasing an additional 59 shares during the period. McIlrath & Eck LLC increased its stake in FedEx by 27.5% during the 1st quarter. McIlrath & Eck LLC now owns 283 shares of the shipping service provider’s stock worth $51,000 after acquiring an additional 61 shares during the period. Zions Bancorporation N.A. increased its stake in FedEx by 4.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,661 shares of the shipping service provider’s stock worth $273,000 after acquiring an additional 64 shares during the period. Finally, Legacy Bridge LLC increased its stake in FedEx by 13.8% during the 1st quarter. Legacy Bridge LLC now owns 535 shares of the shipping service provider’s stock worth $97,000 after acquiring an additional 65 shares during the period. 68.64% of the stock is owned by institutional investors.

In other news, Director Paul S. Walsh sold 4,440 shares of FedEx stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $161.88, for a total value of $718,747.20. Following the transaction, the director now owns 16,440 shares in the company, valued at approximately $2,661,307.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert B. Carter sold 23,100 shares of FedEx stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $175.78, for a total value of $4,060,518.00. Following the completion of the transaction, the executive vice president now owns 68,446 shares in the company, valued at approximately $12,031,437.88. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

Shares of FDX traded up $3.18 during midday trading on Friday, hitting $156.00. The company’s stock had a trading volume of 1,536,200 shares, compared to its average volume of 2,020,749. FedEx Co. has a one year low of $150.68 and a one year high of $259.25. The company’s fifty day simple moving average is $164.88 and its two-hundred day simple moving average is $173.86. The company has a quick ratio of 1.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $40.44 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.84 and a beta of 1.65.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.93 by $0.08. FedEx had a return on equity of 21.57% and a net margin of 0.77%. The company had revenue of $17.81 billion for the quarter, compared to analyst estimates of $17.85 billion. During the same quarter last year, the company posted $5.91 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts predict that FedEx Co. will post 14.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.67%. FedEx’s payout ratio is 16.75%.

A number of equities analysts have commented on the company. Sanford C. Bernstein set a $205.00 price objective on FedEx and gave the stock a “buy” rating in a research note on Thursday, June 20th. TheStreet lowered FedEx from a “b-” rating to a “c+” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. lowered their price objective on FedEx from $184.00 to $172.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 26th. Loop Capital lowered their price objective on FedEx from $262.00 to $220.00 in a research note on Wednesday, June 26th. Finally, Barclays restated a “buy” rating and set a $185.00 price objective on shares of FedEx in a research note on Thursday, June 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $191.63.

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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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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