Accurate Wealth Management LLC Buys 1,475 Shares of FedEx Co. (NYSE:FDX)

Accurate Wealth Management LLC lifted its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 61.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,880 shares of the shipping service provider's stock after purchasing an additional 1,475 shares during the quarter. Accurate Wealth Management LLC's holdings in FedEx were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Regal Investment Advisors LLC increased its position in FedEx by 2.4% during the fourth quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock worth $451,000 after acquiring an additional 38 shares during the period. Aviso Financial Inc. grew its position in FedEx by 1.2% in the 4th quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock worth $957,000 after purchasing an additional 40 shares during the last quarter. Garner Asset Management Corp increased its holdings in shares of FedEx by 0.7% during the 4th quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider's stock worth $1,659,000 after purchasing an additional 41 shares during the period. WealthPlan Investment Management LLC raised its position in shares of FedEx by 2.6% during the fourth quarter. WealthPlan Investment Management LLC now owns 1,680 shares of the shipping service provider's stock valued at $473,000 after buying an additional 42 shares during the last quarter. Finally, Hemington Wealth Management lifted its stake in shares of FedEx by 27.4% in the fourth quarter. Hemington Wealth Management now owns 209 shares of the shipping service provider's stock valued at $58,000 after buying an additional 45 shares during the period. Institutional investors own 84.47% of the company's stock.

Insider Activity

In other news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. The trade was a 20.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FDX shares. Raymond James lowered their price target on FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Stephens restated an "overweight" rating and set a $300.00 price objective on shares of FedEx in a research report on Tuesday, May 20th. BMO Capital Markets reduced their target price on FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research report on Monday, May 19th. TD Cowen decreased their price target on shares of FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, Stifel Nicolaus dropped their price objective on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $295.33.

FedEx Price Performance

Shares of FedEx stock traded down $3.90 during trading on Wednesday, reaching $224.06. The company's stock had a trading volume of 1,926,454 shares, compared to its average volume of 1,844,279. The stock has a 50-day moving average price of $215.61 and a two-hundred day moving average price of $248.64. The stock has a market capitalization of $53.68 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35. 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 Co. has a one year low of $194.30 and a one year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same quarter in the previous year, the business posted $3.86 EPS. The company's revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 23rd will be given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.59%. This is a positive change from FedEx's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, June 23rd. FedEx's dividend payout ratio (DPR) is presently 34.63%.

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.