Fullcircle Wealth LLC Has $836,000 Position 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 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,428 shares of the shipping service provider's stock after purchasing an additional 1,039 shares during the quarter. Fullcircle Wealth LLC's holdings in FedEx were worth $836,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in FedEx during the 4th quarter valued at $26,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in FedEx during the 4th quarter valued at $28,000. Runnymede Capital Advisors Inc. acquired a new stake in FedEx during the 4th quarter valued at $32,000. Accredited Wealth Management LLC acquired a new stake in FedEx during the 4th quarter valued at $35,000. Finally, Optiver Holding B.V. acquired a new position in shares of FedEx in the fourth quarter worth $39,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Up 0.7%

Shares of NYSE:FDX opened at $240.88 on Monday. The company has a market cap of $57.71 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.26 and a beta of 1.35. The stock's 50-day moving average is $222.83 and its 200-day moving average is $240.93. FedEx Corporation has a 52-week low of $194.30 and a 52-week high of $313.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.98 by $0.09. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%. During the same period last year, the business posted $5.41 earnings per share. Equities research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd will be given a $1.45 dividend. This is an increase from FedEx's previous quarterly dividend of $1.38. This represents a $5.80 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Monday, June 23rd. FedEx's dividend payout ratio (DPR) is currently 34.36%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FDX shares. BMO Capital Markets dropped their price target on shares of FedEx from $275.00 to $260.00 and set a "market perform" rating on the stock in a research note on Monday, May 19th. Cfra Research raised shares of FedEx to a "hold" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. upped their price target on shares of FedEx from $260.00 to $290.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Bank of America dropped their price target on shares of FedEx from $270.00 to $245.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Finally, Loop Capital downgraded shares of FedEx from a "hold" rating to a "sell" rating and dropped their price target for the stock from $283.00 to $221.00 in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, FedEx has an average rating of "Moderate Buy" and an average target price of $282.46.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.