Angeles Wealth Management LLC Has $358,000 Stake in FedEx Co. (NYSE:FDX)

Angeles Wealth Management LLC increased its stake in shares of FedEx Co. (NYSE:FDX) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,274 shares of the shipping service provider’s stock after purchasing an additional 169 shares during the quarter. Angeles Wealth Management LLC’s holdings in FedEx were worth $358,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. Fortitude Family Office LLC grew its holdings in shares of FedEx by 144.4% during the 4th 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% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Peoples Financial Services CORP. purchased a new position in FedEx in the fourth quarter valued at about $28,000. City Holding Co. acquired a new position in FedEx in the 4th quarter worth about $28,000. Finally, Activest Wealth Management purchased a new stake in shares of FedEx during the 4th quarter worth about $29,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Up 0.9 %

Shares of FDX opened at $258.26 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company has a 50-day simple moving average of $274.59 and a 200-day simple moving average of $280.24. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The firm has a market capitalization of $62.20 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.07 and a beta of 1.18.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $3.99 EPS. On average, equities research analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.14%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Insider Activity

In related news, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, the chief executive officer now owns 111,886 shares of the company’s stock, valued at $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following 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 Ratings Changes

Several equities research analysts recently commented on FDX shares. Stifel Nicolaus lowered their price target on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Citigroup increased their price target on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Loop Capital lowered shares of FedEx from a “buy” rating to a “hold” rating and reduced their price objective for the company from $365.00 to $283.00 in a research note on Monday, February 3rd. Raymond James increased their target price on shares of FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets boosted their price target on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. 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.