Avidian Wealth Enterprises LLC Has $369,000 Stake in FedEx Co. (NYSE:FDX)

Avidian Wealth Enterprises LLC cut its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 44.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,313 shares of the shipping service provider's stock after selling 1,045 shares during the quarter. Avidian Wealth Enterprises LLC's holdings in FedEx were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its position in shares of FedEx by 144.4% during 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. Evermay Wealth Management LLC raised its holdings in shares of FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock worth $26,000 after buying an additional 40 shares in the last quarter. Peoples Financial Services CORP. bought a new position in shares of FedEx during the 4th quarter worth approximately $28,000. City Holding Co. acquired a new stake in FedEx in the 4th quarter valued at $28,000. Finally, Kentucky Trust Co bought a new stake in FedEx in the fourth quarter valued at $28,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FedEx

In other FedEx news, EVP John W. Dietrich acquired 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the transaction, the executive vice president now owns 9,067 shares of the company's stock, valued at $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy B. Lane bought 333 shares of the company's stock in a transaction on Thursday, December 26th. The shares were bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company's stock.

FedEx Trading Up 1.8 %

Shares of FedEx stock traded up $4.71 on Monday, hitting $267.83. 1,264,547 shares of the company's stock traded hands, compared to its average volume of 1,732,972. The firm's 50-day moving average price is $272.40 and its two-hundred day moving average price is $278.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $64.51 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. FedEx Co. has a one year low of $234.45 and a one year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.99 earnings per share. On average, research 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 will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Monday, March 10th. FedEx's dividend payout ratio is currently 35.18%.

Analysts Set New Price Targets

A number of brokerages have issued reports on FDX. 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. Barclays lifted their price target on shares of FedEx from $350.00 to $365.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. TD Cowen boosted their price target on shares of FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a research report on Friday, December 20th. BNP Paribas upgraded shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. Finally, UBS Group boosted their target price on FedEx from $311.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, FedEx currently has an average rating of "Moderate Buy" and an average price target of $321.87.

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.