FedEx Co. (NYSE:FDX) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its stake in shares of FedEx Co. (NYSE:FDX) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,728 shares of the shipping service provider’s stock after purchasing an additional 232 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in FedEx were worth $3,847,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Crossmark Global Holdings Inc. increased its position in FedEx by 20.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,246 shares of the shipping service provider’s stock worth $7,398,000 after purchasing an additional 5,055 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in FedEx during the first quarter worth $1,667,000. Allegheny Financial Group LTD purchased a new position in FedEx in the first quarter worth $203,000. Hilltop National Bank acquired a new stake in FedEx in the first quarter valued at $476,000. Finally, Csenge Advisory Group boosted its position in shares of FedEx by 14.9% during the 1st quarter. Csenge Advisory Group now owns 2,297 shares of the shipping service provider’s stock worth $666,000 after purchasing an additional 298 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FedEx

In related news, EVP Robert B. Carter sold 16,010 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $294.48, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other FedEx news, EVP Robert B. Carter sold 16,010 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $294.48, for a total transaction of $4,714,624.80. Following the transaction, the executive vice president now owns 59,884 shares in the company, valued at $17,634,640.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Brie Carere sold 1,958 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $310.43, for a total value of $607,821.94. Following the sale, the executive vice president now owns 19,937 shares in the company, valued at $6,189,042.91. The disclosure for this sale can be found here. Insiders sold 32,944 shares of company stock valued at $9,882,355 over the last 90 days. Corporate insiders own 8.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Hsbc Global Res lowered shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday. Raymond James dropped their price objective on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com downgraded FedEx from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company raised their price target on FedEx from $275.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 26th. Finally, TD Cowen decreased their price objective on shares of FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $313.38.

FedEx Trading Down 15.2 %

FDX stock opened at $254.64 on Friday. FedEx Co. has a 52 week low of $224.69 and a 52 week high of $313.84. The company has a market cap of $62.66 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.03 and a beta of 1.17. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $292.43 and a 200-day simple moving average of $275.04.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 16.70% and a net margin of 4.94%. The firm had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $21.87 billion. During the same quarter last year, the business earned $4.55 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that FedEx Co. will post 20.82 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be paid a dividend of $1.38 per share. The ex-dividend date is Monday, September 9th. This represents a $5.52 annualized dividend and a yield of 2.17%. FedEx’s dividend payout ratio is currently 32.04%.

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.