1,865 Shares in FedEx Co. (NYSE:FDX) Acquired by Brophy Wealth Management LLC

Brophy Wealth Management LLC purchased a new position in FedEx Co. (NYSE:FDX) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,865 shares of the shipping service provider’s stock, valued at approximately $510,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. LRI Investments LLC boosted its position in FedEx by 45.9% in the 3rd quarter. LRI Investments LLC now owns 664 shares of the shipping service provider’s stock worth $194,000 after purchasing an additional 209 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in FedEx by 5.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 70,632 shares of the shipping service provider’s stock worth $19,331,000 after purchasing an additional 3,738 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in FedEx by 68.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 17,225 shares of the shipping service provider’s stock worth $4,714,000 after purchasing an additional 7,011 shares in the last quarter. Hodges Capital Management Inc. boosted its position in FedEx by 2.9% in the 3rd quarter. Hodges Capital Management Inc. now owns 11,265 shares of the shipping service provider’s stock worth $3,083,000 after purchasing an additional 315 shares in the last quarter. Finally, World Investment Advisors LLC boosted its position in FedEx by 2,163.7% in the 3rd quarter. World Investment Advisors LLC now owns 192,441 shares of the shipping service provider’s stock worth $52,667,000 after purchasing an additional 183,940 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Down 0.1 %

Shares of FDX opened at $279.29 on Wednesday. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The company has a market capitalization of $68.24 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. The stock has a fifty day simple moving average of $279.93 and a two-hundred day simple moving average of $280.38. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). The company had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $4.55 earnings per share. As a group, equities analysts forecast that FedEx Co. will post 19.59 EPS for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, December 9th. FedEx’s payout ratio is 34.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FDX shares. JPMorgan Chase & Co. upped their price objective on FedEx from $350.00 to $366.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Stifel Nicolaus decreased their target price on FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Bank of America decreased their target price on FedEx from $347.00 to $345.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. UBS Group decreased their target price on FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Finally, TD Cowen decreased their target price on FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $316.68.

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.