FedEx Corporation $FDX Stock Position Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in shares of FedEx Corporation (NYSE:FDXFree Report) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,262 shares of the shipping service provider’s stock after purchasing an additional 6,617 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in FedEx were worth $41,133,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FDX. NorthCrest Asset Manangement LLC boosted its position in shares of FedEx by 23.4% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 9,351 shares of the shipping service provider’s stock worth $2,781,000 after buying an additional 1,774 shares during the period. Grove Bank & Trust increased its position in FedEx by 438.3% in the 4th quarter. Grove Bank & Trust now owns 2,293 shares of the shipping service provider’s stock valued at $662,000 after acquiring an additional 1,867 shares during the period. Peoples Bank KS acquired a new stake in FedEx in the 4th quarter valued at approximately $235,000. Gryphon Financial Partners LLC raised its stake in FedEx by 24.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 1,371 shares of the shipping service provider’s stock valued at $396,000 after acquiring an additional 267 shares in the last quarter. Finally, Wedmont Private Capital boosted its position in FedEx by 13.1% during the 4th quarter. Wedmont Private Capital now owns 3,184 shares of the shipping service provider’s stock worth $979,000 after acquiring an additional 370 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Down 0.8%

Shares of NYSE:FDX opened at $355.82 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a market capitalization of $83.66 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.61 and a beta of 1.29. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $392.86. The company has a 50 day moving average price of $352.08 and a 200 day moving average price of $292.68.

FedEx (NYSE:FDXGet Free Report) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The company had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.51 EPS. On average, research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be given a $1.45 dividend. The ex-dividend date is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.6%. FedEx’s dividend payout ratio (DPR) is 30.87%.

Analysts Set New Price Targets

FDX has been the subject of several recent analyst reports. Argus increased their price target on FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. BMO Capital Markets upped their price objective on shares of FedEx from $400.00 to $410.00 and gave the stock a “market perform” rating in a report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of FedEx in a research report on Monday, December 29th. Royal Bank Of Canada cut shares of FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $457.00 price target on shares of FedEx in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $393.85.

Read Our Latest Analysis on FedEx

Key FedEx News

Here are the key news stories impacting FedEx this week:

About FedEx

(Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

See Also

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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