Crewe Advisors LLC Makes New $229,000 Investment in FedEx Co. (NYSE:FDX)

Crewe Advisors LLC acquired a new position in shares of FedEx Co. (NYSE:FDX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 791 shares of the shipping service provider’s stock, valued at approximately $229,000.

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

Insider Activity at FedEx

In related news, EVP Robert B. Carter sold 16,010 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were 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 owns 59,884 shares of the company’s stock, valued at approximately $17,634,640.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Robert B. Carter sold 16,010 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were 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 owns 59,884 shares of the company’s stock, valued at approximately $17,634,640.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Guy M. Erwin II sold 116 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total transaction of $34,711.84. Following the transaction, the chief accounting officer now directly owns 930 shares of the company’s stock, valued at approximately $278,293.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,944 shares of company stock valued at $9,882,355. 8.73% of the stock is owned by insiders.

FedEx Price Performance

Shares of FedEx stock traded up $0.31 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 52-week low of $224.69 and a 52-week high of $313.84. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The firm has a fifty day moving average price of $272.21 and a 200-day moving average price of $261.98. The company has a market capitalization of $72.95 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.34 by $0.07. FedEx had a net margin of 4.94% and a return on equity of 16.70%. The business had revenue of $22.11 billion for the quarter, compared to analyst estimates of $22.04 billion. During the same period in the previous year, the firm earned $4.94 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities research analysts expect that FedEx Co. will post 20.94 earnings per share for the current fiscal year.

FedEx Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $327.00 target price (up from $303.00) on shares of FedEx in a report on Wednesday, June 26th. UBS Group cut their target price on shares of FedEx from $340.00 to $333.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Robert W. Baird lifted their target price on shares of FedEx from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. TD Cowen lifted their target price on shares of FedEx from $320.00 to $335.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Stephens reaffirmed an “overweight” rating and issued a $325.00 target price on shares of FedEx in a report on Wednesday, June 26th. One 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.00.

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.