FedEx Corporation (NYSE:FDX) Shares Acquired by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors has increased its stake in FedEx Corporation by 149.7%, now holding 11,388 shares valued at approximately $2.8 million.
• FedEx has recently raised its quarterly dividend from $1.38 to $1.45, reflecting a positive change in its financial performance.
• Analysts have mixed ratings for FedEx, with over 19 buy ratings and a consensus target price of $283.25, indicating expectations for growth despite recent stock performance.

Arkadios Wealth Advisors increased its position in FedEx Corporation (NYSE:FDX - Free Report) by 149.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,388 shares of the shipping service provider's stock after acquiring an additional 6,827 shares during the period. Arkadios Wealth Advisors' holdings in FedEx were worth $2,776,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Regal Investment Advisors LLC grew its position in FedEx by 2.4% in the 4th quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock valued at $451,000 after buying an additional 38 shares in the last quarter. Garner Asset Management Corp grew its position in FedEx by 0.7% in the 4th quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider's stock valued at $1,659,000 after buying an additional 41 shares in the last quarter. Curi RMB Capital LLC grew its position in FedEx by 1.3% in the 4th quarter. Curi RMB Capital LLC now owns 3,615 shares of the shipping service provider's stock valued at $1,017,000 after buying an additional 47 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock valued at $457,000 after buying an additional 48 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of FedEx by 1.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,664 shares of the shipping service provider's stock valued at $749,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Transactions at FedEx

In other news, Director R Brad Martin sold 2,123 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the sale, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director owned 15,513 shares in the company, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,343 shares of company stock worth $2,228,816. Insiders own 8.87% of the company's stock.

FedEx Price Performance

Shares of FedEx stock opened at $223.39 on Friday. The firm has a fifty day simple moving average of $227.85 and a 200-day simple moving average of $235.89. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The stock has a market capitalization of $52.70 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.17 and a beta of 1.35.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping analysts' consensus estimates of $5.98 by $0.09. The business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.86 billion. FedEx had a net margin of 4.65% and a return on equity of 16.34%. During the same period in the previous year, the company earned $5.41 earnings per share. On average, sell-side analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd were paid a $1.45 dividend. The ex-dividend date was Monday, June 23rd. This is a positive change from FedEx's previous quarterly dividend of $1.38. This represents a $5.80 annualized dividend and a dividend yield of 2.6%. FedEx's dividend payout ratio is 34.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BNP Paribas Exane upgraded shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a research report on Thursday, July 3rd. Cowen restated a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. TD Cowen reduced their price objective on shares of FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Susquehanna raised their price objective on shares of FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. Finally, BMO Capital Markets reduced their price objective on shares of FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $283.25.

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.

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