Aaron Wealth Advisors LLC Has $514,000 Stock Position in FedEx Co. (NYSE:FDX)

Aaron Wealth Advisors LLC raised its holdings in shares of FedEx Co. (NYSE:FDX) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,827 shares of the shipping service provider’s stock after buying an additional 154 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in FedEx were worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FDX. Brighton Jones LLC lifted its stake in shares of FedEx by 4.7% in the second quarter. Brighton Jones LLC now owns 1,685 shares of the shipping service provider’s stock valued at $505,000 after buying an additional 75 shares during the period. AE Wealth Management LLC lifted its position in shares of FedEx by 49.0% in the 2nd quarter. AE Wealth Management LLC now owns 2,881 shares of the shipping service provider’s stock worth $864,000 after acquiring an additional 948 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of FedEx by 99.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 4,594 shares of the shipping service provider’s stock worth $1,384,000 after purchasing an additional 2,292 shares in the last quarter. Legacy Financial Advisors Inc. increased its position in shares of FedEx by 5.1% during the second quarter. Legacy Financial Advisors Inc. now owns 1,379 shares of the shipping service provider’s stock valued at $413,000 after purchasing an additional 67 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of FedEx by 6.2% in the second quarter. ProShare Advisors LLC now owns 38,209 shares of the shipping service provider’s stock valued at $11,457,000 after purchasing an additional 2,230 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Down 0.8 %

Shares of FDX opened at $275.11 on Monday. The stock’s fifty day simple moving average is $283.48 and its 200-day simple moving average is $283.94. The firm has a market capitalization of $66.26 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last released its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the prior year, the company posted $3.99 EPS. The company’s revenue was down .7% compared to the same quarter last year. As a group, research analysts predict that FedEx Co. will post 19.2 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the business’s 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 in the company, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy B. Lane purchased 333 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the transaction, the director now directly owns 333 shares in the company, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FDX has been the topic of several analyst reports. Sanford C. Bernstein lowered shares of FedEx from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $337.00 to $316.00 in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. BMO Capital Markets lifted their price objective on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Citigroup increased their target price on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Bank of America boosted their price target on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen 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 an average target price of $325.61.

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.