FSM Wealth Advisors LLC Purchases 42 Shares of FedEx Co. (NYSE:FDX)

FSM Wealth Advisors LLC boosted its holdings in FedEx Co. (NYSE:FDX) by 3.9% during the 3rd quarter, Holdings Channel reports. The firm owned 1,113 shares of the shipping service provider’s stock after acquiring an additional 42 shares during the period. FSM Wealth Advisors LLC’s holdings in FedEx were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FDX. Evermay Wealth Management LLC raised its stake in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after buying an additional 40 shares during the period. Highline Wealth Partners LLC bought a new stake in FedEx during the 3rd quarter valued at $31,000. Central Valley Advisors LLC purchased a new position in shares of FedEx in the second quarter valued at $39,000. Abound Wealth Management increased its position in shares of FedEx by 175.9% during the second quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after buying an additional 95 shares during the period. Finally, Sachetta LLC boosted its position in shares of FedEx by 29.1% in the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after acquiring an additional 37 shares during the period. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Down 1.2 %

FDX opened at $271.18 on Tuesday. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The firm’s 50 day simple moving average is $276.58 and its two-hundred day simple moving average is $275.17. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $66.25 billion, a PE ratio of 16.73, a PEG ratio of 1.10 and a beta of 1.17.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $21.87 billion. During the same quarter in the previous year, the company earned $4.55 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts forecast that FedEx Co. will post 19.59 EPS for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were given a $1.38 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.04%. FedEx’s payout ratio is currently 34.05%.

Analyst Ratings Changes

Several research firms have issued reports on FDX. Robert W. Baird lowered their target price on shares of FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Loop Capital dropped their price objective on FedEx from $317.00 to $288.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Bernstein Bank lifted their price target on FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. TD Cowen lowered their target price on shares of FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Finally, BMO Capital Markets dropped their price objective on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.17.

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.