1,492 Shares in FedEx Corporation $FDX Acquired by Strategic Family Wealth Counselors L.L.C.

Strategic Family Wealth Counselors L.L.C. bought a new position in shares of FedEx Corporation (NYSE:FDX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,492 shares of the shipping service provider’s stock, valued at approximately $449,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund lifted its stake in FedEx by 0.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,893 shares of the shipping service provider’s stock worth $7,191,000 after purchasing an additional 100 shares during the last quarter. Summit Wealth Group LLC Co. bought a new stake in FedEx during the fourth quarter worth $246,000. Legacy Financial Advisors Inc. lifted its stake in FedEx by 39.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,326 shares of the shipping service provider’s stock worth $672,000 after purchasing an additional 656 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in FedEx by 89.5% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 168,128 shares of the shipping service provider’s stock worth $48,565,000 after purchasing an additional 79,400 shares during the last quarter. Finally, Shade Tree Advisors LLC bought a new stake in FedEx during the fourth quarter worth $305,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Down 1.8%

Shares of FDX opened at $369.50 on Thursday. The stock has a market capitalization of $88.17 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.43 and a beta of 1.29. FedEx Corporation has a 52 week low of $214.35 and a 52 week high of $404.03. The stock has a fifty day moving average of $369.26 and a 200-day moving average of $326.86. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The business 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%.FedEx’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $4.51 earnings per share. As a group, sell-side analysts anticipate that FedEx Corporation will post 19.72 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx’s board approved the spin-off of its FedEx Freight unit, a move that should sharpen the company’s focus on its higher-margin package and air network businesses and could unlock value for shareholders. FedEx Board of Directors Approves Spin-off of FedEx Freight
• Positive Sentiment: The company set the distribution ratio for the freight spinoff at one FedEx Freight share for every two FedEx shares held, and the new Freight entity is expected to begin trading on June 1, giving investors clearer visibility into the transaction timeline. FedEx sets one-for-two share ratio for freight unit spinoff
• Neutral Sentiment: FedEx management said Amazon’s new logistics offering is not a major threat to its business, suggesting the company believes its network and services remain differentiated. FedEx Boss Dismisses Threat From New Amazon Logistics Service
• Neutral Sentiment: Analysts at JPMorgan kept a neutral view on FDX, while Barclays reportedly reiterated a buy rating, indicating Wall Street remains mixed but generally constructive on the stock after the restructuring news. FedEx (NYSE:FDX) Receives “Neutral” Rating from JPMorgan Chase & Co.
• Negative Sentiment: The stock was also described as sliding in the latest session, reflecting some profit-taking or caution even as the broader market rose. FedEx (FDX) Stock Slides as Market Rises: Facts to Know Before You Trade

Insider Buying and Selling

In related news, EVP Kawal Preet sold 4,900 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the sale, the executive vice president directly owned 10,953 shares in the company, valued at $4,029,499.17. This represents a 30.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 5,795 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total value of $2,138,355.00. Following the completion of the sale, the director owned 10,038 shares of the company’s stock, valued at $3,704,022. The trade was a 36.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 48,104 shares of company stock valued at $17,599,006. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

FDX has been the subject of several recent analyst reports. Susquehanna upped their target price on FedEx from $410.00 to $455.00 and gave the stock a “positive” rating in a research note on Friday, March 20th. Citigroup increased their price target on FedEx from $327.00 to $401.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. BMO Capital Markets increased their price target on FedEx from $400.00 to $410.00 and gave the company a “market perform” rating in a research note on Friday, March 20th. Zacks Research cut FedEx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Finally, Weiss Ratings cut FedEx from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, April 29th. Eighteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $398.04.

FedEx Company Profile

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.