Crewe Advisors LLC Buys Shares of 791 FedEx Co. (NYSE:FDX)

Crewe Advisors LLC bought a new stake in FedEx Co. (NYSE:FDX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 791 shares of the shipping service provider’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in FedEx in the 4th quarter valued at approximately $25,000. Fortis Group Advisors LLC grew its holdings in shares of FedEx by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. acquired a new stake in shares of FedEx during the 4th quarter worth approximately $30,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of FedEx during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Buying and Selling

In other FedEx news, EVP Robert B. Carter sold 16,010 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $294.48, for a total value of $4,714,624.80. Following the completion of the transaction, the executive vice president now directly owns 59,884 shares in the company, valued at $17,634,640.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other FedEx news, EVP Robert B. Carter sold 16,010 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $294.48, for a total value of $4,714,624.80. Following the completion of the transaction, the executive vice president now directly owns 59,884 shares in the company, valued at $17,634,640.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sriram Krishnasamy sold 8,421 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total value of $2,611,688.94. Following the completion of the transaction, the chief executive officer now owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,944 shares of company stock worth $9,882,355. 8.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FDX shares. Bank of America lifted their price objective on FedEx from $340.00 to $347.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. UBS Group decreased their price objective on FedEx from $340.00 to $333.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Raymond James decreased their price objective on FedEx from $325.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Morgan Stanley lifted their price objective on FedEx from $210.00 to $215.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 26th. Finally, Evercore ISI decreased their price target on FedEx from $351.00 to $318.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $314.00.

FedEx Price Performance

FDX traded up $0.31 during trading on Thursday, hitting $298.59. The company’s stock had a trading volume of 1,251,964 shares, compared to its average volume of 1,919,990. FedEx Co. has a 12 month low of $224.69 and a 12 month high of $313.84. The firm’s 50 day moving average price is $272.21 and its two-hundred day moving average price is $261.98. The stock has a market capitalization of $72.95 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. The business had revenue of $22.11 billion during the quarter, compared to the consensus estimate of $22.04 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. FedEx’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company earned $4.94 earnings per share. Sell-side analysts forecast that FedEx Co. will post 20.94 earnings per share for the current fiscal year.

FedEx Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Monday, June 24th were issued a dividend of $1.38 per share. The ex-dividend date was Monday, June 24th. This is an increase from FedEx’s previous quarterly dividend of $1.26. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.85%. FedEx’s dividend payout ratio (DPR) is presently 32.04%.

FedEx 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.