Wealthcare Advisory Partners LLC Purchases 8,269 Shares of FedEx Corporation $FDX

Wealthcare Advisory Partners LLC lifted its position in FedEx Corporation (NYSE:FDXFree Report) by 491.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,951 shares of the shipping service provider’s stock after buying an additional 8,269 shares during the period. Wealthcare Advisory Partners LLC’s holdings in FedEx were worth $2,874,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FDX. Brighton Jones LLC grew its stake in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the period. Empowered Funds LLC raised its position in shares of FedEx by 78.9% during the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares during the period. Sivia Capital Partners LLC bought a new position in shares of FedEx during the 2nd quarter valued at about $586,000. XTX Topco Ltd grew its position in shares of FedEx by 239.9% in the 2nd quarter. XTX Topco Ltd now owns 3,515 shares of the shipping service provider’s stock valued at $799,000 after purchasing an additional 2,481 shares during the period. Finally, J.W. Cole Advisors Inc. grew its position in shares of FedEx by 4.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 5,526 shares of the shipping service provider’s stock valued at $1,256,000 after purchasing an additional 251 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on FDX shares. Zacks Research downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Oppenheimer reissued a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. UBS Group boosted their price objective on shares of FedEx from $412.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Citigroup upped their target price on shares of FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Rothschild & Co Redburn lifted their price target on FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $393.85.

Get Our Latest Stock Analysis on FedEx

FedEx Stock Up 0.1%

FedEx stock opened at $344.23 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $392.86. The company has a fifty day simple moving average of $355.42 and a 200 day simple moving average of $296.25. The company has a market cap of $82.13 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.51 and a beta of 1.29.

FedEx (NYSE:FDXGet Free Report) last posted its quarterly earnings data 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 company had revenue of $24 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $4.51 EPS. Research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, March 9th. FedEx’s dividend payout ratio (DPR) is currently 30.87%.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

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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