Stratos Wealth Advisors LLC Trims Stock Position in FedEx Corporation $FDX

Stratos Wealth Advisors LLC lessened its holdings in shares of FedEx Corporation (NYSE:FDX) by 70.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,063 shares of the shipping service provider’s stock after selling 2,489 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in FedEx were worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System raised its position in shares of FedEx by 2.3% in the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock worth $48,831,000 after acquiring an additional 4,734 shares during the period. D.A. Davidson & CO. raised its position in shares of FedEx by 10.6% in the third quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock worth $11,419,000 after acquiring an additional 4,634 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of FedEx by 11.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock worth $8,243,000 after acquiring an additional 3,514 shares during the period. Savant Capital LLC raised its position in shares of FedEx by 32.5% in the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock worth $9,437,000 after acquiring an additional 9,806 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of FedEx by 34.9% in the third quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock worth $5,679,000 after acquiring an additional 6,234 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of FedEx from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. 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 research report on Friday, March 20th. Royal Bank Of Canada downgraded shares of FedEx to a “sector perform” rating in a research report on Wednesday, December 17th. Bank of America upped their price objective on shares of FedEx from $431.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, The Goldman Sachs Group upped their price objective on shares of FedEx from $364.00 to $369.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $395.77.

FedEx Stock Down 0.8%

FDX stock opened at $358.74 on Tuesday. The stock has a market capitalization of $85.60 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.59 and a beta of 1.28. The firm has a 50-day simple moving average of $361.52 and a 200-day simple moving average of $301.70. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $392.86.

FedEx (NYSE:FDX) last released its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $1.13. The business had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.51 earnings per share. Equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.6%. FedEx’s payout ratio is currently 30.87%.

About FedEx

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.