Kingswood Wealth Advisors LLC Has $632,000 Stock Position in FedEx Co. (NYSE:FDX)

Kingswood Wealth Advisors LLC decreased its holdings in FedEx Co. (NYSE:FDX - Free Report) by 40.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,248 shares of the shipping service provider's stock after selling 1,551 shares during the period. Kingswood Wealth Advisors LLC's holdings in FedEx were worth $632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IVC Wealth Advisors LLC boosted its holdings in shares of FedEx by 2.0% during the third quarter. IVC Wealth Advisors LLC now owns 1,948 shares of the shipping service provider's stock worth $533,000 after acquiring an additional 38 shares during the period. Citizens Financial Group Inc. RI grew its stake in shares of FedEx by 3.0% in the third quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider's stock valued at $360,000 after acquiring an additional 38 shares in the last quarter. Turtle Creek Wealth Advisors LLC raised its stake in FedEx by 4.0% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,020 shares of the shipping service provider's stock worth $279,000 after purchasing an additional 39 shares in the last quarter. Buckley Wealth Management LLC grew its position in shares of FedEx by 1.0% during the 3rd quarter. Buckley Wealth Management LLC now owns 3,975 shares of the shipping service provider's stock worth $1,088,000 after purchasing an additional 40 shares in the last quarter. Finally, Evermay Wealth Management LLC raised its position 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 in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FDX shares. Raymond James raised their price target on shares of FedEx from $305.00 to $320.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. TD Cowen lifted their target price on FedEx from $328.00 to $337.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Stephens dropped their price target on FedEx from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Friday, December 20th. BMO Capital Markets upped their price objective on shares of FedEx from $300.00 to $330.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of FedEx from $370.00 to $372.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $325.43.

Insider Transactions at FedEx

In other news, Director Amy B. Lane bought 333 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, with a total value 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. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John W. Dietrich acquired 1,000 shares of the stock in a transaction dated 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 purchase, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company's stock.

FedEx Stock Down 2.0 %

NYSE FDX traded down $5.56 during trading hours on Thursday, hitting $269.50. The company had a trading volume of 1,400,417 shares, compared to its average volume of 1,493,836. The firm's 50 day moving average is $280.84 and its 200 day moving average is $282.81. The company has a market capitalization of $64.91 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced 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. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same period last year, the firm earned $3.99 earnings per share. The company's revenue was down .7% on a year-over-year basis. Sell-side analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Monday, December 9th. FedEx's payout ratio is currently 35.18%.

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.