FedEx Corporation (NYSE:FDX) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 101.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,526 shares of the shipping service provider's stock after acquiring an additional 2,278 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in FedEx were worth $1,096,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

FDX has been the topic of several recent analyst reports. Stephens reiterated an "overweight" rating and issued a $300.00 price target on shares of FedEx in a report on Tuesday, May 20th. Wall Street Zen downgraded FedEx from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Stifel Nicolaus reduced their price target on FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Cfra Research upgraded FedEx to a "hold" rating in a report on Thursday, March 20th. Finally, Jefferies Financial Group upgraded FedEx from a "hold" rating to a "buy" rating and reduced their price target for the stock from $300.00 to $275.00 in a report on Monday, March 24th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $292.54.

Insider Buying and Selling

In related news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the transaction, the chief operating officer now owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.87% of the stock is currently owned by insiders.

FedEx Stock Performance

Shares of NYSE FDX traded up $2.48 during trading on Friday, reaching $225.78. 2,237,153 shares of the company traded hands, compared to its average volume of 1,859,499. The stock has a market cap of $54.10 billion, a P/E ratio of 14.16, a PEG ratio of 1.07 and a beta of 1.35. The firm's fifty day simple moving average is $218.30 and its 200 day simple moving average is $244.83. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12-month low of $194.30 and a 12-month high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). The company had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.46% and a return on equity of 16.00%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $3.86 EPS. As a group, research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 23rd will be paid a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Monday, June 23rd. This is a positive change from FedEx's previous quarterly dividend of $1.38. FedEx's payout ratio is currently 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.