RWA Wealth Partners LLC Has $22.80 Million Stock Holdings in FedEx Co. (NYSE:FDX)

RWA Wealth Partners LLC raised its stake in FedEx Co. (NYSE:FDX - Free Report) by 46.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,033 shares of the shipping service provider's stock after buying an additional 25,817 shares during the quarter. RWA Wealth Partners LLC's holdings in FedEx were worth $22,797,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Fortitude Family Office LLC increased its holdings 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 purchasing an additional 52 shares during 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. purchased a new position in FedEx in the fourth quarter worth approximately $28,000. Kentucky Trust Co purchased a new stake in shares of FedEx during the 4th quarter worth $28,000. Finally, Activest Wealth Management acquired a new position in shares of FedEx during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

Insider Buying and Selling

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now directly owns 111,886 shares of the company's stock, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,711 shares of company stock valued at $3,312,693 in the last three months. 8.87% of the stock is currently owned by corporate insiders.

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Analysts Set New Price Targets

FDX has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Oppenheimer reaffirmed a "market perform" rating on shares of FedEx in a research report on Friday, March 21st. BNP Paribas raised shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. BMO Capital Markets lowered their price objective on FedEx from $330.00 to $275.00 and set a "market perform" rating on the stock in a report on Friday, March 21st. Finally, Cfra Research raised FedEx to a "hold" rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $302.71.

FedEx Stock Down 9.5 %

Shares of NYSE:FDX traded down $23.25 during mid-day trading on Thursday, hitting $221.92. 2,070,984 shares of the company traded hands, compared to its average volume of 1,735,695. The firm has a market cap of $53.17 billion, a P/E ratio of 14.14, a PEG ratio of 1.11 and a beta of 1.23. The firm's 50 day simple moving average is $254.79 and its 200 day simple moving average is $270.10. FedEx Co. has a 52-week low of $217.22 and a 52-week 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.

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

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.49%. FedEx's dividend payout ratio is presently 34.63%.

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.