J.W. Cole Advisors Inc. Has $877,000 Holdings in FedEx Co. (NYSE:FDX)

J.W. Cole Advisors Inc. lessened its stake in FedEx Co. (NYSE:FDX) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,924 shares of the shipping service provider’s stock after selling 258 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in FedEx were worth $877,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its holdings in shares of FedEx by 0.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 166,215 shares of the shipping service provider’s stock valued at $49,838,000 after buying an additional 616 shares during the last quarter. Thoroughbred Financial Services LLC lifted its holdings in FedEx by 49.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 5,991 shares of the shipping service provider’s stock valued at $1,796,000 after purchasing an additional 1,978 shares during the last quarter. Westover Capital Advisors LLC lifted its holdings in FedEx by 54.3% during the 2nd quarter. Westover Capital Advisors LLC now owns 5,939 shares of the shipping service provider’s stock valued at $1,781,000 after purchasing an additional 2,091 shares during the last quarter. Hardin Capital Partners LLC acquired a new stake in FedEx during the 2nd quarter valued at $225,000. Finally, GHP Investment Advisors Inc. lifted its holdings in FedEx by 0.8% during the 2nd quarter. GHP Investment Advisors Inc. now owns 29,149 shares of the shipping service provider’s stock valued at $8,740,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other FedEx news, EVP Brie Carere sold 1,958 shares of FedEx stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the transaction, the executive vice president now owns 19,937 shares in the company, valued at $6,189,042.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Sriram Krishnasamy sold 8,421 shares of FedEx stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total transaction of $2,611,688.94. Following the sale, the chief executive officer now directly owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brie Carere sold 1,958 shares of FedEx 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 directly owns 19,937 shares in the company, valued at $6,189,042.91. The disclosure for this sale can be found here. Insiders have sold a total of 32,944 shares of company stock worth $9,882,355 over the last 90 days. Insiders own 8.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FDX shares. TD Cowen started coverage on FedEx in a report on Thursday, August 22nd. They set a “buy” rating and a $334.00 price target for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $327.00 price target (up previously from $303.00) on shares of FedEx in a report on Wednesday, June 26th. Morgan Stanley raised their price target on FedEx from $210.00 to $215.00 and gave the company an “equal weight” rating in a report on Wednesday, June 26th. Stephens reaffirmed an “overweight” rating and set a $325.00 price target on shares of FedEx in a report on Wednesday, June 26th. Finally, Daiwa America cut FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $314.67.

FedEx Stock Up 2.2 %

Shares of NYSE FDX opened at $292.63 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.36. FedEx Co. has a 52 week low of $224.69 and a 52 week high of $313.84. The stock has a market capitalization of $72.01 billion, a P/E ratio of 16.98, a PEG ratio of 1.03 and a beta of 1.17. The stock’s fifty day moving average is $293.11 and its 200 day moving average is $274.10.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The company had revenue of $22.11 billion for the quarter, compared to analysts’ expectations of $22.04 billion. During the same quarter last year, the business earned $4.94 earnings per share. FedEx’s revenue was up .8% on a year-over-year basis. Sell-side analysts forecast that FedEx Co. will post 20.82 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Monday, September 9th. FedEx’s dividend payout ratio is presently 32.04%.

About FedEx

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.