Signature Estate & Investment Advisors LLC Takes Position in FedEx Co. (FDX)

Signature Estate & Investment Advisors LLC bought a new stake in shares of FedEx Co. (NYSE:FDX) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 13,338 shares of the shipping service provider’s stock, valued at approximately $3,212,000.

Other large investors also recently bought and sold shares of the company. HC Financial Advisors Inc. boosted its position in shares of FedEx by 5.9% during the third quarter. HC Financial Advisors Inc. now owns 8,333 shares of the shipping service provider’s stock worth $2,007,000 after buying an additional 464 shares during the period. First Citizens Bank & Trust Co. boosted its position in shares of FedEx by 27.4% during the third quarter. First Citizens Bank & Trust Co. now owns 13,227 shares of the shipping service provider’s stock worth $3,185,000 after buying an additional 2,842 shares during the period. Sonora Investment Management LLC boosted its position in shares of FedEx by 76.8% during the third quarter. Sonora Investment Management LLC now owns 1,151 shares of the shipping service provider’s stock worth $277,000 after buying an additional 500 shares during the period. Lodestar Investment Counsel LLC IL boosted its position in shares of FedEx by 27.1% during the third quarter. Lodestar Investment Counsel LLC IL now owns 8,592 shares of the shipping service provider’s stock worth $2,069,000 after buying an additional 1,830 shares during the period. Finally, TRUE Private Wealth Advisors acquired a new position in shares of FedEx during the third quarter worth approximately $134,000. 72.85% of the stock is owned by institutional investors.

In related news, Director Susan Patricia Griffith acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, October 17th. The stock was bought at an average price of $225.16 per share, for a total transaction of $225,160.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John A. Edwardson sold 1,160 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $242.35, for a total value of $281,126.00. Following the sale, the director now owns 32,800 shares of the company’s stock, valued at approximately $7,949,080. The disclosure for this sale can be found here. Corporate insiders own 8.45% of the company’s stock.

Several equities analysts have recently issued reports on FDX shares. Berenberg Bank started coverage on FedEx in a research report on Friday, September 21st. They set a “buy” rating and a $300.00 price objective for the company. Loop Capital reduced their price objective on FedEx to $310.00 and set a “buy” rating for the company in a research report on Thursday, June 21st. Bank of America reduced their price objective on FedEx from $310.00 to $304.00 and set a “buy” rating for the company in a research report on Tuesday, September 18th. Wolfe Research set a $275.00 price objective on FedEx and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Finally, Credit Suisse Group set a $307.00 price objective on FedEx and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Three equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $285.27.

FDX opened at $217.29 on Friday. The company has a market capitalization of $58.89 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 1.01 and a beta of 1.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.26. FedEx Co. has a 1-year low of $214.17 and a 1-year high of $274.66.

FedEx (NYSE:FDX) last released its earnings results on Monday, September 17th. The shipping service provider reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.32). The firm had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.88 billion. FedEx had a return on equity of 23.71% and a net margin of 7.16%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $2.65 earnings per share. On average, analysts predict that FedEx Co. will post 17.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Monday, September 10th were given a $0.65 dividend. The ex-dividend date of this dividend was Friday, September 7th. This represents a $2.60 dividend on an annualized basis and a yield of 1.20%. FedEx’s dividend payout ratio (DPR) is 16.98%.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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