KCS Wealth Advisory Takes $1.21 Million Position in FedEx Co. (FDX)

KCS Wealth Advisory purchased a new stake in shares of FedEx Co. (NYSE:FDX) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,865 shares of the shipping service provider’s stock, valued at approximately $1,214,000. FedEx comprises 1.2% of KCS Wealth Advisory’s holdings, making the stock its 9th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Sheets Smith Wealth Management boosted its holdings in FedEx by 25.5% during the fourth quarter. Sheets Smith Wealth Management now owns 8,550 shares of the shipping service provider’s stock valued at $2,134,000 after acquiring an additional 1,735 shares during the period. Bremer Trust National Association raised its position in shares of FedEx by 2.6% during the fourth quarter. Bremer Trust National Association now owns 7,822 shares of the shipping service provider’s stock valued at $1,952,000 after buying an additional 197 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of FedEx by 0.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 97,486 shares of the shipping service provider’s stock valued at $24,324,000 after buying an additional 550 shares during the last quarter. Addenda Capital Inc. raised its position in shares of FedEx by 7.7% during the fourth quarter. Addenda Capital Inc. now owns 18,291 shares of the shipping service provider’s stock valued at $4,574,000 after buying an additional 1,307 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp raised its position in shares of FedEx by 16.2% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 13,512 shares of the shipping service provider’s stock valued at $3,372,000 after buying an additional 1,881 shares during the last quarter. Institutional investors own 75.66% of the company’s stock.

FedEx Co. (NYSE FDX) traded up $0.66 during trading hours on Friday, reaching $271.85. 1,342,873 shares of the company traded hands, compared to its average volume of 2,035,367. FedEx Co. has a 52-week low of $182.89 and a 52-week high of $271.90. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50. The firm has a market capitalization of $72,830.00, a price-to-earnings ratio of 24.99, a PEG ratio of 1.60 and a beta of 1.36.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.29. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The firm had revenue of $16.30 billion during the quarter, compared to analyst estimates of $15.67 billion. During the same quarter in the prior year, the business posted $2.80 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. equities research analysts expect that FedEx Co. will post 13.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, December 8th. FedEx’s dividend payout ratio (DPR) is presently 18.38%.

A number of research analysts have recently commented on FDX shares. Citigroup reaffirmed a “buy” rating and set a $235.00 price objective on shares of FedEx in a research report on Thursday, September 14th. UBS Group lowered shares of FedEx from a “buy” rating to a “neutral” rating and cut their price objective for the company from $235.00 to $233.00 in a research report on Friday, September 15th. Credit Suisse Group reaffirmed an “outperform” rating and set a $233.00 price objective (down previously from $242.00) on shares of FedEx in a research report on Friday, September 15th. Loop Capital reaffirmed a “buy” rating and set a $260.00 price objective (up previously from $250.00) on shares of FedEx in a research report on Wednesday, September 20th. Finally, Sanford C. Bernstein set a $212.00 price objective on shares of FedEx and gave the company a “neutral” rating in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $269.95.

In other FedEx news, Director David P. Steiner sold 3,016 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $266.05, for a total transaction of $802,406.80. Following the sale, the director now directly owns 16,040 shares of the company’s stock, valued at $4,267,442. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Henry J. Maier sold 11,150 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the sale, the insider now directly owns 36,747 shares in the company, valued at $8,395,219.62. The disclosure for this sale can be found here. Insiders sold 68,671 shares of company stock valued at $17,137,160 in the last three months. Company insiders own 8.45% of the company’s stock.

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FedEx Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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