Aries Wealth Management Has $745,000 Stake in FedEx Co. (NYSE:FDX)

Aries Wealth Management lessened its holdings in shares of FedEx Co. (NYSE:FDX) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,648 shares of the shipping service provider’s stock after selling 75 shares during the period. Aries Wealth Management’s holdings in FedEx were worth $745,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC grew its position in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares in the last quarter. Evermay Wealth Management LLC lifted its position in shares of FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after acquiring an additional 40 shares during the period. Peoples Financial Services CORP. acquired a new stake in shares of FedEx during the 4th quarter worth $28,000. City Holding Co. bought a new position in shares of FedEx in the fourth quarter worth $28,000. Finally, Kentucky Trust Co acquired a new position in FedEx in the fourth quarter valued at about $28,000. 84.47% of the stock is owned by institutional investors.

FedEx Stock Performance

FDX opened at $263.30 on Friday. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The company has a market cap of $63.41 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 1.07 and a beta of 1.18. The company’s fifty day moving average price is $272.98 and its two-hundred day moving average price is $279.56. 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, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.17. The business had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.99 EPS. On average, analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

Insider Activity at FedEx

In other news, EVP John W. Dietrich purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were bought at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy B. Lane acquired 333 shares of FedEx stock in a transaction on Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the transaction, the director now directly owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on FDX shares. Barclays raised their target price on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. UBS Group boosted their price objective on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Bank of America raised their price objective on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, Citigroup upped their price target on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

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.