Checchi Capital Advisers LLC Has $535,000 Stock Position in FedEx Co. (NYSE:FDX)

Checchi Capital Advisers LLC grew its stake in FedEx Co. (NYSE:FDX) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,901 shares of the shipping service provider’s stock after purchasing an additional 138 shares during the quarter. Checchi Capital Advisers LLC’s holdings in FedEx were worth $535,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FDX. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of FedEx by 30.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,364 shares of the shipping service provider’s stock valued at $3,847,000 after purchasing an additional 3,330 shares during the period. Highview Capital Management LLC DE increased its position in shares of FedEx by 10.0% in the 3rd quarter. Highview Capital Management LLC DE now owns 4,372 shares of the shipping service provider’s stock valued at $1,197,000 after buying an additional 396 shares in the last quarter. Highline Wealth Partners LLC bought a new stake in shares of FedEx in the 3rd quarter valued at $31,000. Evermay Wealth Management LLC increased its position in shares of FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after buying an additional 40 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its position in shares of FedEx by 7.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 8,320 shares of the shipping service provider’s stock valued at $2,277,000 after buying an additional 574 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

Shares of NYSE FDX opened at $256.09 on Thursday. The stock has a market capitalization of $61.68 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.11 and a beta of 1.18. The business has a 50-day moving average of $269.38 and a 200-day moving average of $277.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a fifty-two week low of $239.07 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same period last year, the business posted $3.99 EPS. FedEx’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.16%. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Analyst Ratings Changes

A number of research firms recently commented on FDX. JPMorgan Chase & Co. upped their price objective on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. TD Cowen upped their price objective on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. UBS Group upped their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Stephens lowered their target price on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

Insider Activity at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the sale, the chief executive officer now directly owns 111,886 shares in the company, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane acquired 333 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the transaction, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

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.