Petros Family Wealth LLC Buys Shares of 1,291 FedEx Co. (NYSE:FDX)

Petros Family Wealth LLC purchased a new stake in FedEx Co. (NYSE:FDX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,291 shares of the shipping service provider's stock, valued at approximately $363,000.

A number of other institutional investors have also recently bought and sold shares of FDX. Fortitude Family Office LLC lifted its position in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after acquiring an additional 52 shares in the last quarter. Peoples Financial Services CORP. acquired a new position in shares of FedEx during the fourth quarter worth about $28,000. City Holding Co. bought a new position in shares of FedEx during the fourth quarter worth about $28,000. Kentucky Trust Co acquired a new stake in FedEx in the 4th quarter valued at approximately $28,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in FedEx in the 4th quarter valued at approximately $28,000. Institutional investors own 84.47% of the company's stock.

FedEx Price Performance

Shares of FDX stock traded down $3.09 during trading on Tuesday, hitting $207.36. The company had a trading volume of 1,080,116 shares, compared to its average volume of 1,777,591. The stock's 50-day moving average price is $243.22 and its 200 day moving average price is $265.34. FedEx Co. has a one year low of $194.30 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The firm has a market capitalization of $49.68 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24.

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FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. During the same period last year, the company posted $3.86 earnings per share. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $1.38 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.66%. FedEx's dividend payout ratio (DPR) is 34.63%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stephens lowered their price objective on shares of FedEx from $320.00 to $300.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. Piper Sandler downgraded shares of FedEx to a "neutral" rating in a research note on Monday, February 3rd. Bank of America lowered their target price on FedEx from $295.00 to $272.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. UBS Group reduced their price target on FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, BNP Paribas raised FedEx from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, FedEx currently has a consensus rating of "Moderate Buy" and a consensus target price of $300.63.

Insider Buying and Selling at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. The trade was a 20.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.87% 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.