FedEx Co. (NYSE:FDX) Shares Acquired by Wealthspire Advisors LLC

Wealthspire Advisors LLC increased its stake in shares of FedEx Co. (NYSE:FDX) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,278 shares of the shipping service provider’s stock after purchasing an additional 75 shares during the quarter. Wealthspire Advisors LLC’s holdings in FedEx were worth $1,485,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FDX. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of FedEx by 30.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,364 shares of the shipping service provider’s stock worth $3,847,000 after acquiring an additional 3,330 shares during the period. Arkadios Wealth Advisors increased its position in FedEx by 105.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,528 shares of the shipping service provider’s stock worth $1,239,000 after purchasing an additional 2,326 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of FedEx by 2.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 45,101 shares of the shipping service provider’s stock worth $12,343,000 after buying an additional 1,203 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of FedEx by 2.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 147,268 shares of the shipping service provider’s stock valued at $39,332,000 after buying an additional 4,049 shares during the period. Finally, Canoe Financial LP boosted its stake in shares of FedEx by 1.8% in the third quarter. Canoe Financial LP now owns 250,647 shares of the shipping service provider’s stock valued at $67,061,000 after buying an additional 4,423 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the sale, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

FedEx Price Performance

Shares of NYSE:FDX opened at $252.94 on Tuesday. The business has a fifty day simple moving average of $270.14 and a 200-day simple moving average of $277.95. FedEx Co. has a 52 week low of $239.07 and a 52 week high of $313.84. The company has a market cap of $60.92 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.11 and a beta of 1.18. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the prior year, the company posted $3.99 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.18%. FedEx’s dividend payout ratio is presently 35.18%.

Analyst Ratings Changes

Several research analysts have issued reports on FDX shares. Wells Fargo & Company raised their target price on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Piper Sandler downgraded shares of FedEx to a “neutral” rating in a report on Monday, February 3rd. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $337.00 to $316.00 in a report on Tuesday, December 3rd. Finally, UBS Group boosted their price target on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $321.87.

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.