HCR Wealth Advisors Has $1.68 Million Stock Position in FedEx Co. (NYSE:FDX)

HCR Wealth Advisors reduced its holdings in shares of FedEx Co. (NYSE:FDX) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,981 shares of the shipping service provider’s stock after selling 160 shares during the period. HCR Wealth Advisors’ holdings in FedEx were worth $1,683,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FDX. Fortitude Family Office LLC increased its holdings in shares of FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after acquiring an additional 52 shares in the last quarter. Evermay Wealth Management LLC boosted its position in FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Peoples Financial Services CORP. bought a new position in FedEx during the fourth quarter valued at about $28,000. FNY Investment Advisers LLC grew its position in shares of FedEx by 177.5% during the 4th quarter. FNY Investment Advisers LLC now owns 111 shares of the shipping service provider’s stock valued at $31,000 after acquiring an additional 71 shares during the period. Finally, Highline Wealth Partners LLC purchased a new stake in FedEx in the third quarter worth $31,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

NYSE FDX opened at $276.62 on Thursday. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The firm has a market capitalization of $66.62 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. The stock’s fifty day moving average is $283.89 and its two-hundred day moving average is $284.31. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

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

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.00%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is currently 35.18%.

Insider Buying and Selling

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the sale, the chief executive officer now directly owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of analyst reports. Morgan Stanley lowered FedEx from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $215.00 to $200.00 in a report on Friday, September 20th. Loop Capital raised shares of FedEx from a “hold” rating to a “buy” rating and increased their price target for the stock from $288.00 to $365.00 in a report on Friday, December 20th. HSBC cut FedEx from a “buy” rating to a “hold” rating and set a $300.00 price objective on the stock. in a report on Friday, September 20th. Raymond James boosted their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, Robert W. Baird dropped their price objective on FedEx from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus target price of $325.61.

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.