A. D. Beadell Investment Counsel Inc. Has $1.37 Million Stock Holdings in FedEx Co. (NYSE:FDX)

A. D. Beadell Investment Counsel Inc. lowered its position in FedEx Co. (NYSE:FDX - Free Report) by 20.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,515 shares of the shipping service provider's stock after selling 1,400 shares during the period. A. D. Beadell Investment Counsel Inc.'s holdings in FedEx were worth $1,367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lakewood Asset Management LLC bought a new position in shares of FedEx during the 4th quarter valued at about $26,000. Guardian Wealth Advisors LLC bought a new position in FedEx in the first quarter valued at approximately $26,000. GW&K Investment Management LLC acquired a new position in shares of FedEx in the first quarter valued at approximately $27,000. Horan Securities Inc. increased its position in shares of FedEx by 85.7% during the first quarter. Horan Securities Inc. now owns 130 shares of the shipping service provider's stock worth $30,000 after acquiring an additional 60 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of FedEx by 1,957.1% during the first quarter. Sound Income Strategies LLC now owns 144 shares of the shipping service provider's stock worth $33,000 after acquiring an additional 137 shares during the period. 73.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FDX has been the subject of a number of research reports. UBS Group increased their price objective on FedEx from $272.00 to $312.00 in a report on Friday, September 1st. Evercore ISI lifted their price objective on shares of FedEx from $275.00 to $276.00 and gave the company an "outperform" rating in a report on Monday. The Goldman Sachs Group boosted their price objective on shares of FedEx from $269.00 to $278.00 in a research report on Wednesday, September 13th. Bank of America lowered their price target on shares of FedEx from $295.00 to $290.00 in a research note on Wednesday, June 21st. Finally, Raymond James decreased their price objective on FedEx from $285.00 to $280.00 in a report on Friday, June 16th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $254.30.

FedEx Stock Performance

NYSE FDX traded down $2.50 during trading on Tuesday, reaching $246.80. The company's stock had a trading volume of 1,027,739 shares, compared to its average volume of 1,944,794. The firm has a 50 day moving average price of $261.00 and a 200 day moving average price of $238.32. FedEx Co. has a 12 month low of $141.92 and a 12 month high of $270.95. The firm has a market capitalization of $62.07 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.22 and a beta of 1.36. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.78.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.85 by $0.09. The business had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.55 billion. FedEx had a return on equity of 15.32% and a net margin of 4.41%. The firm's quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.87 earnings per share. As a group, equities analysts anticipate that FedEx Co. will post 17.38 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, September 8th. FedEx's dividend payout ratio (DPR) is currently 32.52%.

Insider Buying and Selling

In related news, VP Jennifer L. Johnson sold 10,801 shares of the company's stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $238.61, for a total transaction of $2,577,226.61. Following the completion of the sale, the vice president now owns 3,196 shares of the company's stock, valued at $762,597.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Michael C. Lenz sold 5,745 shares of the business's stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $261.88, for a total transaction of $1,504,500.60. Following the completion of the transaction, the executive vice president now owns 22,478 shares of the company's stock, valued at approximately $5,886,538.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jennifer L. Johnson sold 10,801 shares of the firm's stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $238.61, for a total value of $2,577,226.61. Following the completion of the sale, the vice president now directly owns 3,196 shares in the company, valued at $762,597.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,816 shares of company stock worth $8,822,147. Company insiders own 8.73% of the company's stock.

FedEx 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.

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