Hantz Financial Services Inc. Acquires Shares of 333 FedEx Co. (NYSE:FDX)

Hantz Financial Services Inc. acquired a new position in shares of FedEx Co. (NYSE:FDX) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 333 shares of the shipping service provider’s stock, valued at approximately $100,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDX. SeaCrest Wealth Management LLC boosted its position in shares of FedEx by 0.6% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 5,615 shares of the shipping service provider’s stock worth $1,683,000 after acquiring an additional 34 shares in the last quarter. LRI Investments LLC boosted its holdings in FedEx by 8.6% in the second quarter. LRI Investments LLC now owns 455 shares of the shipping service provider’s stock valued at $137,000 after purchasing an additional 36 shares in the last quarter. Detalus Advisors LLC increased its stake in FedEx by 2.4% in the second quarter. Detalus Advisors LLC now owns 1,602 shares of the shipping service provider’s stock valued at $480,000 after purchasing an additional 37 shares during the last quarter. Richard P Slaughter Associates Inc raised its holdings in FedEx by 0.4% during the second quarter. Richard P Slaughter Associates Inc now owns 8,573 shares of the shipping service provider’s stock worth $2,570,000 after purchasing an additional 38 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its position in shares of FedEx by 4.1% during the 1st quarter. Fidelis Capital Partners LLC now owns 982 shares of the shipping service provider’s stock worth $285,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of FedEx from $210.00 to $215.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 26th. Raymond James reduced their price objective on FedEx from $325.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. StockNews.com lowered shares of FedEx from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 24th. Oppenheimer reiterated a “market perform” rating on shares of FedEx in a research report on Wednesday, June 26th. Finally, Robert W. Baird raised their price objective on shares of FedEx from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $313.96.

Insider Activity at FedEx

In other FedEx news, CAO Guy M. Erwin II sold 116 shares of FedEx stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total transaction of $34,711.84. Following the completion of the transaction, the chief accounting officer now owns 930 shares in the company, valued at $278,293.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Guy M. Erwin II sold 116 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total transaction of $34,711.84. Following the completion of the transaction, the chief accounting officer now directly owns 930 shares of the company’s stock, valued at approximately $278,293.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brie Carere sold 1,958 shares of FedEx stock in a transaction that occurred on 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 of the company’s stock, valued at $6,189,042.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,944 shares of company stock valued at $9,882,355. Insiders own 8.73% of the company’s stock.

FedEx Price Performance

FDX stock opened at $298.77 on Tuesday. The firm has a 50 day moving average of $294.11 and a 200-day moving average of $270.91. The company has a market cap of $72.99 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.08 and a beta of 1.18. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12-month low of $224.69 and a 12-month high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.34 by $0.07. The firm had revenue of $22.11 billion during the quarter, compared to analysts’ expectations of $22.04 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. FedEx’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.94 earnings per share. As a group, equities analysts expect that FedEx Co. will post 20.87 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 9th will be given a $1.38 dividend. The ex-dividend date is Monday, September 9th. This represents a $5.52 annualized dividend and a dividend yield of 1.85%. FedEx’s dividend payout ratio is presently 32.04%.

FedEx Company 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.