180 Wealth Advisors LLC Has $414,000 Stock Holdings in FedEx Co. (NYSE:FDX)

180 Wealth Advisors LLC lessened its holdings in FedEx Co. (NYSE:FDX) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,470 shares of the shipping service provider’s stock after selling 62 shares during the quarter. 180 Wealth Advisors LLC’s holdings in FedEx were worth $414,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Marcum Wealth LLC lifted its position in FedEx by 7.7% in the 4th quarter. Marcum Wealth LLC now owns 1,179 shares of the shipping service provider’s stock valued at $332,000 after acquiring an additional 84 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of FedEx by 177.5% in the fourth quarter. FNY Investment Advisers LLC now owns 111 shares of the shipping service provider’s stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in FedEx by 39.5% during the fourth quarter. Miracle Mile Advisors LLC now owns 28,301 shares of the shipping service provider’s stock worth $7,962,000 after purchasing an additional 8,014 shares during the last quarter. Bar Harbor Wealth Management boosted its stake in shares of FedEx by 1.2% during the 4th quarter. Bar Harbor Wealth Management now owns 15,573 shares of the shipping service provider’s stock worth $4,381,000 after buying an additional 181 shares during the last quarter. Finally, Persium Advisors LLC bought a new position in FedEx in the fourth quarter valued at approximately $530,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FDX shares. BMO Capital Markets raised their target price on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Barclays boosted their price objective on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Bank of America raised their target price on shares of FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Raymond James upped their price objective on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Hsbc Global Res downgraded FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average target price of $325.61.

FedEx Price Performance

Shares of NYSE FDX opened at $277.63 on Wednesday. The stock has a market capitalization of $66.87 billion, a PE ratio of 17.13, a P/E/G ratio of 1.18 and a beta of 1.20. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The business has a fifty day moving average price of $283.89 and a two-hundred day moving average price of $284.31.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. FedEx’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.99 earnings per share. As a group, equities analysts predict that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were given a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 1.99%. FedEx’s dividend payout ratio is 35.18%.

Insider Activity at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the transaction, the chief executive officer now owns 111,886 shares in the company, valued at $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by insiders.

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.