Beacon Investment Advisors LLC Has $2.45 Million Stock Position in FedEx Co. (NYSE:FDX)

Beacon Investment Advisors LLC increased its holdings in FedEx Co. (NYSE:FDX) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,693 shares of the shipping service provider’s stock after acquiring an additional 126 shares during the period. FedEx comprises 1.1% of Beacon Investment Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Beacon Investment Advisors LLC’s holdings in FedEx were worth $2,446,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FDX. bLong Financial LLC purchased a new stake in shares of FedEx in the fourth quarter worth approximately $391,000. Virtu Financial LLC bought a new position in FedEx in the 3rd quarter valued at $3,405,000. Lodestone Wealth Management LLC bought a new stake in shares of FedEx during the 4th quarter worth $461,000. Wedmont Private Capital raised its position in FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after acquiring an additional 91 shares during the period. Finally, GFS Advisors LLC bought a new position in shares of FedEx during the 4th quarter valued at approximately $26,855,000. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares of the company’s stock, valued at approximately $5,686,161.85. The trade was a 20.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.87% of the company’s stock.

FedEx Trading Up 1.9 %

NYSE FDX opened at $207.45 on Monday. The firm has a market cap of $49.71 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84. The stock has a 50-day moving average of $239.05 and a 200-day moving average of $263.62. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). The firm had revenue of $22.16 billion for the quarter, compared to analysts’ expectations of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.86 EPS. As a group, sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Monday, March 10th. FedEx’s dividend payout ratio (DPR) is currently 34.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FDX. Citigroup dropped their price target on FedEx from $305.00 to $267.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their target price on shares of FedEx from $275.00 to $260.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Piper Sandler downgraded shares of FedEx to a “neutral” rating in a report on Monday, February 3rd. Raymond James lowered their target price on shares of FedEx from $320.00 to $290.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. decreased their price objective on FedEx from $323.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus price target of $300.63.

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.