FSM Wealth Advisors LLC Grows Position in FedEx Co. (NYSE:FDX)

FSM Wealth Advisors LLC lifted its position in FedEx Co. (NYSE:FDX) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,113 shares of the shipping service provider’s stock after acquiring an additional 42 shares during the quarter. FSM Wealth Advisors LLC’s holdings in FedEx were worth $305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Counselors Inc. boosted its position in FedEx by 1.8% in the first quarter. Financial Counselors Inc. now owns 3,969 shares of the shipping service provider’s stock worth $1,150,000 after purchasing an additional 69 shares during the last quarter. Mutual Advisors LLC grew its position in FedEx by 12.2% during the first quarter. Mutual Advisors LLC now owns 5,876 shares of the shipping service provider’s stock valued at $1,703,000 after buying an additional 637 shares during the period. Rehmann Capital Advisory Group increased its holdings in FedEx by 5.9% during the first quarter. Rehmann Capital Advisory Group now owns 4,591 shares of the shipping service provider’s stock worth $1,330,000 after buying an additional 257 shares during the last quarter. Larson Financial Group LLC raised its position in FedEx by 4.7% in the first quarter. Larson Financial Group LLC now owns 3,373 shares of the shipping service provider’s stock worth $977,000 after acquiring an additional 152 shares during the period. Finally, Mediolanum International Funds Ltd bought a new position in shares of FedEx during the 1st quarter valued at approximately $2,387,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the subject of several research reports. Loop Capital reduced their price objective on FedEx from $317.00 to $288.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Daiwa America cut FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. TD Cowen lowered their price objective on FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, Citigroup initiated coverage on shares of FedEx in a research report on Wednesday, October 9th. They issued a “buy” rating and a $301.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $314.17.

FedEx Stock Down 1.2 %

FDX opened at $271.18 on Tuesday. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The business’s 50-day moving average price is $276.58 and its 200-day moving average price is $275.17. The company has a market cap of $66.25 billion, a P/E ratio of 16.73, a P/E/G ratio of 1.10 and a beta of 1.17.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter in the previous year, the firm posted $4.55 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts expect that FedEx Co. will post 19.59 EPS for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were issued a dividend of $1.38 per share. The ex-dividend date was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.04%. FedEx’s dividend payout ratio is currently 34.05%.

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.