FedEx Co. (NYSE:FDX) Stock Holdings Raised by 9258 Wealth Management LLC

9258 Wealth Management LLC lifted its stake in shares of FedEx Co. (NYSE:FDX) by 14.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 845 shares of the shipping service provider’s stock after purchasing an additional 109 shares during the period. 9258 Wealth Management LLC’s holdings in FedEx were worth $253,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of FDX. Fortis Group Advisors LLC raised its stake in FedEx by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of FedEx during the 4th quarter valued at approximately $25,000. Private Wealth Management Group LLC bought a new position in FedEx during the fourth quarter worth $28,000. Sachetta LLC acquired a new position in FedEx in the fourth quarter worth $32,000. Finally, Northwest Financial Advisors bought a new stake in FedEx during the fourth quarter valued at $33,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of NYSE FDX opened at $285.31 on Friday. FedEx Co. has a 1 year low of $224.69 and a 1 year high of $313.84. The firm has a market cap of $70.21 billion, a P/E ratio of 16.56, a PEG ratio of 1.08 and a beta of 1.17. The stock has a fifty day moving average price of $294.58 and a two-hundred day moving average price of $271.55. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.36.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The firm had revenue of $22.11 billion for the quarter, compared to analyst estimates of $22.04 billion. During the same period in the previous year, the company earned $4.94 earnings per share. FedEx’s revenue was up .8% compared to the same quarter last year. Research analysts forecast that FedEx Co. will post 20.87 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $5.52 annualized dividend and a dividend yield of 1.93%. FedEx’s dividend payout ratio is currently 32.04%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FDX. Evercore ISI reduced their price target on shares of FedEx from $351.00 to $318.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. JPMorgan Chase & Co. raised shares of FedEx from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $296.00 to $359.00 in a report on Wednesday, June 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $327.00 target price (up from $303.00) on shares of FedEx in a report on Wednesday, June 26th. UBS Group dropped their price target on FedEx from $340.00 to $333.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Finally, Oppenheimer restated a “market perform” rating on shares of FedEx in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $313.96.

Insider Activity

In other FedEx news, Director Paul S. Walsh sold 2,535 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $294.72, for a total value of $747,115.20. Following the completion of the transaction, the director now directly owns 14,745 shares in the company, valued at $4,345,646.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Paul S. Walsh sold 2,535 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $294.72, for a total value of $747,115.20. Following the completion of the sale, the director now owns 14,745 shares in the company, valued at $4,345,646.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert B. Carter sold 16,010 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $294.48, for a total value of $4,714,624.80. Following the completion of the sale, the executive vice president now directly owns 59,884 shares of the company’s stock, valued at approximately $17,634,640.32. The disclosure for this sale can be found here. Insiders sold a total of 32,944 shares of company stock valued at $9,882,355 over the last three months. Insiders own 8.73% of the company’s stock.

FedEx 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.