Gutierrez Wealth Advisory LLC Invests $263,000 in FedEx Co. (NYSE:FDX)

Gutierrez Wealth Advisory LLC bought a new stake in FedEx Co. (NYSE:FDX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 935 shares of the shipping service provider’s stock, valued at approximately $263,000.

Other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC grew its stake in shares of FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares in the last quarter. Peoples Financial Services CORP. bought a new position in shares of FedEx in the 4th quarter valued at about $28,000. City Holding Co. purchased a new position in FedEx in the fourth quarter worth about $28,000. Kentucky Trust Co bought a new stake in FedEx during the fourth quarter worth approximately $28,000. Finally, Activest Wealth Management purchased a new stake in FedEx during the fourth quarter valued at approximately $29,000. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated Tuesday, January 14th. The shares were 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 directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane purchased 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the transaction, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

FedEx Stock Down 0.5 %

FedEx stock opened at $246.00 on Friday. FedEx Co. has a twelve month low of $226.11 and a twelve month high of $313.84. The business has a fifty day moving average of $260.76 and a two-hundred day moving average of $273.11. The firm has a market cap of $59.25 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.11 and a beta of 1.23. 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 issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.86 EPS. On average, analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is 35.18%.

Analysts Set New Price Targets

FDX has been the subject of a number of recent research reports. TD Cowen lifted their target price on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Piper Sandler cut shares of FedEx to a “neutral” rating in a research report on Monday, February 3rd. Raymond James cut shares of FedEx from an “outperform” rating to a “market perform” rating in a research note on Monday, February 3rd. Wells Fargo & Company cut their price target on shares of FedEx from $320.00 to $275.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of FedEx from $372.00 to $323.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $317.48.

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.