Fullcircle Wealth LLC Boosts Stock Holdings in FedEx Corporation (NYSE:FDX)

Fullcircle Wealth LLC raised its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 43.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,428 shares of the shipping service provider's stock after purchasing an additional 1,039 shares during the period. Fullcircle Wealth LLC's holdings in FedEx were worth $836,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FDX. Regal Investment Advisors LLC raised its stake in shares of FedEx by 2.4% during 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 during the last quarter. Aviso Financial Inc. raised its stake in shares of FedEx by 1.2% during the 4th quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock valued at $957,000 after buying an additional 40 shares during the last quarter. Garner Asset Management Corp increased its stake in shares of 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 purchasing an additional 41 shares in the last quarter. Curi RMB Capital LLC increased its stake in shares of 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 purchasing an additional 47 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FDX. Loop Capital lowered FedEx from a "hold" rating to a "sell" rating and cut their price target for the company from $283.00 to $221.00 in a research note on Friday, March 21st. Oppenheimer restated a "market perform" rating on shares of FedEx in a research note on Friday, March 21st. Barclays restated an "overweight" rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Cfra Research upgraded FedEx to a "hold" rating in a research note on Thursday, March 20th. Finally, TD Cowen cut their price target on FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and a consensus price target of $282.46.

FedEx Trading Up 1.6%

FDX traded up $3.80 during trading hours on Tuesday, reaching $238.89. The company's stock had a trading volume of 1,960,280 shares, compared to its average volume of 1,856,083. FedEx Corporation has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The stock has a market cap of $57.24 billion, a PE ratio of 14.15, a P/E/G ratio of 1.23 and a beta of 1.35. The business's 50-day moving average is $223.31 and its 200-day moving average is $240.65. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. During the same period in the prior year, the firm posted $5.41 earnings per share. As a group, equities research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Increases Dividend

The company also recently announced 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 is a positive change from FedEx's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $5.80 dividend on an annualized basis and a yield of 2.43%. FedEx's payout ratio is presently 34.36%.

Insider Transactions at FedEx

In other FedEx news, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was 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 of the company's stock, valued at $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.87% of the stock is currently owned by insiders.

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.