Fullcircle Wealth LLC Boosts Holdings in FedEx Co. (NYSE:FDX)

Fullcircle Wealth LLC increased its stake in FedEx Co. (NYSE:FDX - Free Report) by 135.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,389 shares of the shipping service provider's stock after purchasing an additional 1,375 shares during the period. Fullcircle Wealth LLC's holdings in FedEx were worth $629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fortitude Family Office LLC lifted its holdings in shares of FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after acquiring an additional 52 shares during the last quarter. Transce3nd LLC purchased a new stake in FedEx during the fourth quarter valued at about $26,000. Peoples Financial Services CORP. bought a new position in shares of FedEx during the fourth quarter valued at about $28,000. City Holding Co. purchased a new position in shares of FedEx in the fourth quarter worth about $28,000. Finally, Kentucky Trust Co bought a new stake in shares of FedEx in the 4th quarter valued at about $28,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FDX. Stephens decreased their price target on FedEx from $320.00 to $300.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Jefferies Financial Group upgraded shares of FedEx from a "hold" rating to a "buy" rating and lowered their price target for the company from $300.00 to $275.00 in a report on Monday, March 24th. Bank of America cut their price target on shares of FedEx from $295.00 to $272.00 and set a "buy" rating on the stock in a report on Friday, March 21st. UBS Group dropped their target price on shares of FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, Piper Sandler downgraded FedEx to a "neutral" rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $297.71.

Insider Activity

In other news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. The trade was a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.87% of the company's stock.

FedEx Stock Down 0.7 %

Shares of NYSE FDX traded down $1.54 during midday trading on Friday, hitting $217.67. The stock had a trading volume of 1,166,869 shares, compared to its average volume of 1,793,014. The company has a market cap of $52.15 billion, a P/E ratio of 13.87, a PEG ratio of 1.11 and a beta of 1.36. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The business's 50 day moving average is $224.70 and its 200-day moving average is $258.02. FedEx Co. has a 52 week low of $194.30 and a 52 week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.86 EPS. As a group, analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.54%. FedEx's dividend payout ratio is presently 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.