Sanctuary Advisors LLC Acquires 2,621 Shares of FedEx Corporation $FDX

Key Points

• Sanctuary Advisors LLC increased its stake in FedEx (NYSE:FDX) by 6.4%, adding 2,621 shares to hold 43,649 shares valued at about $12.61 million per the latest SEC filing.
• Company insiders sold significant stock recently — EVP Kawal Preet sold 4,900 shares and EVP Tracy B. Brightman sold 16,959 shares — with insiders offloading 48,104 shares worth roughly $17.6 million last quarter; insiders now own 0.53% of the company.
• FedEx beat quarterly expectations (EPS $5.25 vs. $4.12; revenue $24B, up 8.3% year-over-year), analysts have raised several price targets (some to $450) and the consensus is a "Moderate Buy" with a $398.04 target; the company also pays a $1.45 quarterly dividend (≈1.5% yield).

Sanctuary Advisors LLC grew its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,649 shares of the shipping service provider's stock after acquiring an additional 2,621 shares during the period. Sanctuary Advisors LLC's holdings in FedEx were worth $12,608,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Legacy Bridge LLC lifted its stake in shares of FedEx by 33.0% in the fourth quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider's stock worth $38,000 after buying an additional 33 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of FedEx by 8.2% in the fourth quarter. True Wealth Design LLC now owns 462 shares of the shipping service provider's stock worth $133,000 after buying an additional 35 shares during the last quarter. ORG Partners LLC lifted its stake in shares of FedEx by 50.0% in the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider's stock worth $30,000 after buying an additional 35 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of FedEx by 1.4% in the fourth quarter. Brookstone Capital Management now owns 2,835 shares of the shipping service provider's stock worth $819,000 after buying an additional 38 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of FedEx by 0.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 8,896 shares of the shipping service provider's stock worth $2,570,000 after buying an additional 38 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

Insider Activity at FedEx

In other news, EVP Kawal Preet sold 4,900 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the transaction, the executive vice president owned 10,953 shares in the company, valued at approximately $4,029,499.17. This represents a 30.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Tracy B. Brightman sold 16,959 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the completion of the transaction, the executive vice president owned 11,052 shares of the company's stock, valued at approximately $4,017,070.44. This represents a 60.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 48,104 shares of company stock valued at $17,599,006 in the last quarter. Company insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FDX shares. Wells Fargo & Company boosted their price objective on shares of FedEx from $430.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, March 20th. Stifel Nicolaus boosted their price objective on shares of FedEx from $425.00 to $442.00 in a research note on Friday, April 10th. Jefferies Financial Group boosted their price objective on shares of FedEx from $425.00 to $450.00 and gave the stock a "buy" rating in a research note on Tuesday, March 3rd. BMO Capital Markets boosted their price objective on shares of FedEx from $400.00 to $410.00 and gave the stock a "market perform" rating in a research note on Friday, March 20th. Finally, BNP Paribas Exane set a $280.00 price objective on shares of FedEx and gave the stock a "neutral" rating in a research note on Tuesday, January 13th. Eighteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, FedEx presently has an average rating of "Moderate Buy" and a consensus target price of $398.04.

FedEx Price Performance

Shares of FedEx stock opened at $388.02 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. FedEx Corporation has a fifty-two week low of $204.33 and a fifty-two week high of $399.67. The firm has a fifty day moving average price of $370.15 and a two-hundred day moving average price of $316.72. The company has a market cap of $92.59 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The firm had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. During the same period in the prior year, the firm earned $4.51 EPS. The business's revenue was up 8.3% on a year-over-year basis. Analysts expect that FedEx Corporation will post 19.72 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th were issued a $1.45 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.5%. FedEx's dividend payout ratio is 30.87%.

About FedEx

FedEx Corporation NYSE: FDX is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx's core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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