U.S. Capital Wealth Advisors LLC Sells 4,250 Shares of FedEx Corporation (NYSE:FDX)

U.S. Capital Wealth Advisors LLC cut its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 55.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,348 shares of the shipping service provider's stock after selling 4,250 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in FedEx were worth $816,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in FedEx by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock worth $5,682,727,000 after acquiring an additional 56,236 shares during the last quarter. Dodge & Cox boosted its stake in shares of FedEx by 5.6% during the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock valued at $3,907,568,000 after purchasing an additional 734,268 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of FedEx by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock worth $1,350,686,000 after purchasing an additional 109,006 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of FedEx by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock valued at $1,209,338,000 after buying an additional 323,115 shares during the period. Finally, Invesco Ltd. raised its holdings in FedEx by 4.1% in the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock valued at $906,165,000 after buying an additional 127,044 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Insider Transactions at FedEx

In related news, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the sale, the director owned 7,720 shares of the company's stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock valued at $2,228,816 over the last ninety days. 8.87% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FDX shares. Oppenheimer reiterated a "market perform" rating on shares of FedEx in a research report on Friday, March 21st. JPMorgan Chase & Co. raised their price target on shares of FedEx from $260.00 to $290.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Wall Street Zen cut shares of FedEx from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Barclays restated an "overweight" rating and issued a $320.00 price objective (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Finally, BNP Paribas Exane raised FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 target price for the company in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and an average price target of $283.25.

FedEx Stock Down 1.1%

NYSE:FDX traded down $2.68 during trading hours on Friday, reaching $236.05. The company had a trading volume of 1,667,283 shares, compared to its average volume of 1,861,613. FedEx Corporation has a twelve month low of $194.30 and a twelve month high of $313.84. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. The firm has a market cap of $56.56 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.23 and a beta of 1.35. The business's 50-day simple moving average is $225.31 and its two-hundred day simple moving average is $239.66.

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

FedEx Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd were issued a dividend of $1.45 per share. This is an increase from FedEx's previous quarterly dividend of $1.38. The ex-dividend date was Monday, June 23rd. This represents a $5.80 annualized dividend and a dividend yield of 2.46%. FedEx's payout ratio is currently 34.36%.

About FedEx

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.