EP Wealth Advisors LLC Acquires 715 Shares of FedEx Co. (NYSE:FDX)

EP Wealth Advisors LLC boosted its holdings in FedEx Co. (NYSE:FDX) by 25.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,515 shares of the shipping service provider’s stock after purchasing an additional 715 shares during the quarter. EP Wealth Advisors LLC’s holdings in FedEx were worth $889,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Syon Capital LLC boosted its stake in shares of FedEx by 62.2% in the fourth quarter. Syon Capital LLC now owns 3,932 shares of the shipping service provider’s stock valued at $995,000 after buying an additional 1,508 shares during the period. Centaurus Financial Inc. lifted its position in shares of FedEx by 12.4% during the 4th quarter. Centaurus Financial Inc. now owns 959 shares of the shipping service provider’s stock valued at $243,000 after acquiring an additional 106 shares during the period. Virtu Financial LLC acquired a new stake in shares of FedEx during the 4th quarter worth $2,001,000. Teachers Retirement System of The State of Kentucky increased its position in shares of FedEx by 356.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 95,818 shares of the shipping service provider’s stock worth $24,239,000 after purchasing an additional 74,810 shares during the period. Finally, Neo Ivy Capital Management raised its stake in FedEx by 8,892.5% in the fourth quarter. Neo Ivy Capital Management now owns 3,597 shares of the shipping service provider’s stock valued at $910,000 after purchasing an additional 3,557 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Insider Activity

In related news, CEO Sriram Krishnasamy sold 354 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $289.19, for a total value of $102,373.26. Following the completion of the sale, the chief executive officer now directly owns 11,147 shares of the company’s stock, valued at approximately $3,223,600.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Sriram Krishnasamy sold 354 shares of FedEx stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $289.19, for a total value of $102,373.26. Following the completion of the sale, the chief executive officer now owns 11,147 shares of the company’s stock, valued at approximately $3,223,600.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard W. Smith sold 1,325 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $278.24, for a total transaction of $368,668.00. Following the transaction, the chief executive officer now owns 84,614 shares in the company, valued at approximately $23,542,999.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,668 shares of company stock worth $37,758,773. Company insiders own 8.73% of the company’s stock.

FedEx Trading Up 1.5 %

NYSE:FDX opened at $250.06 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.26 and a current ratio of 1.31. The firm has a market cap of $61.54 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.89 and a beta of 1.16. The firm’s fifty day moving average is $258.19 and its 200-day moving average is $256.34. FedEx Co. has a 52 week low of $223.24 and a 52 week high of $291.27.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 21st. The shipping service provider reported $3.86 EPS for the quarter, beating the consensus estimate of $3.49 by $0.37. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.95 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.41 EPS. Equities analysts expect that FedEx Co. will post 17.76 earnings per share for the current year.

FedEx announced that its Board of Directors has approved a stock repurchase program on Thursday, March 21st that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the shipping service provider to purchase up to 7.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

FedEx Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 24th will be paid a $1.38 dividend. This is an increase from FedEx’s previous quarterly dividend of $1.26. This represents a $5.52 annualized dividend and a yield of 2.21%. The ex-dividend date is Monday, June 24th. FedEx’s payout ratio is 31.83%.

Analyst Upgrades and Downgrades

FDX has been the topic of several recent analyst reports. UBS Group decreased their target price on shares of FedEx from $340.00 to $333.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. JPMorgan Chase & Co. decreased their price objective on shares of FedEx from $301.00 to $296.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. Barclays raised their target price on FedEx from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Stifel Nicolaus lowered their price target on FedEx from $306.00 to $303.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Finally, BMO Capital Markets raised their price objective on FedEx from $290.00 to $310.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $301.92.

FedEx Company 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.