FedEx Corporation $FDX Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in FedEx Corporation (NYSE:FDXFree Report) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,262 shares of the shipping service provider’s stock after purchasing an additional 6,617 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.06% of FedEx worth $41,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDX. Grey Fox Wealth Advisors LLC acquired a new stake in shares of FedEx during the third quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of FedEx in the second quarter worth about $28,000. Wealth Watch Advisors INC acquired a new position in shares of FedEx in the third quarter worth about $28,000. Ameriflex Group Inc. boosted its holdings in FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after purchasing an additional 63 shares during the last quarter. Finally, Global Wealth Strategies & Associates grew its stake in FedEx by 250.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 140 shares of the shipping service provider’s stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

Shares of NYSE:FDX opened at $355.82 on Tuesday. The company has a market cap of $83.66 billion, a PE ratio of 18.94, a P/E/G ratio of 1.61 and a beta of 1.29. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $392.86. The firm has a 50-day simple moving average of $352.08 and a 200 day simple moving average of $292.68. 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 (NYSE:FDXGet Free Report) last issued its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $1.13. The firm had revenue of $24 billion for 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%. FedEx’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $4.51 earnings per share. On average, sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on FDX. Zacks Research downgraded FedEx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Stifel Nicolaus increased their target price on FedEx from $412.00 to $425.00 and gave the company a “buy” rating in a research note on Friday. BNP Paribas Exane set a $280.00 price target on shares of FedEx and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Argus lifted their price target on shares of FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $479.00 price target on shares of FedEx in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $393.85.

View Our Latest Stock Report on FDX

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FedEx Profile

(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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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