Wealth Enhancement Advisory Services LLC Increases Stock Holdings in FedEx Co. (NYSE:FDX)

Wealth Enhancement Advisory Services LLC lifted its position in FedEx Co. (NYSE:FDX) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,241 shares of the shipping service provider’s stock after purchasing an additional 140 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in FedEx were worth $12,382,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC boosted its stake in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares during the period. First Hawaiian Bank boosted its stake in FedEx by 5.5% during the fourth quarter. First Hawaiian Bank now owns 15,143 shares of the shipping service provider’s stock worth $4,260,000 after buying an additional 786 shares during the period. Birch Capital Management LLC boosted its stake in FedEx by 161.3% during the fourth quarter. Birch Capital Management LLC now owns 15,549 shares of the shipping service provider’s stock worth $4,374,000 after buying an additional 9,599 shares during the period. Oliver Luxxe Assets LLC boosted its stake in FedEx by 2.2% during the fourth quarter. Oliver Luxxe Assets LLC now owns 17,617 shares of the shipping service provider’s stock worth $4,956,000 after buying an additional 378 shares during the period. Finally, CWA Asset Management Group LLC boosted its stake in FedEx by 52.2% during the fourth quarter. CWA Asset Management Group LLC now owns 6,563 shares of the shipping service provider’s stock worth $1,846,000 after buying an additional 2,251 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Down 1.6 %

FDX stock opened at $270.59 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84. The company’s 50 day moving average is $283.78 and its two-hundred day moving average is $284.61. The stock has a market cap of $65.17 billion, a P/E ratio of 16.69, a PEG ratio of 1.18 and a beta of 1.20.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The business had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $3.99 EPS. Research analysts expect that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $1.38 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.04%. FedEx’s payout ratio is 35.18%.

Wall Street Analyst Weigh In

FDX has been the subject of several research analyst reports. Stephens lowered their target price on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. Wells Fargo & Company raised their price objective on shares of FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Evercore ISI lowered their price objective on shares of FedEx from $335.00 to $318.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Stifel Nicolaus raised their price objective on shares of FedEx from $321.00 to $368.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Hsbc Global Res lowered shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $325.61.

Insider Activity

In other FedEx news, EVP John W. Dietrich bought 1,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average cost of $273.98 per share, with a total value of $273,980.00. Following the acquisition, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at $2,484,176.66. The trade was a 12.40 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the transaction, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

FedEx 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.