Aptus Capital Advisors LLC Increases Stake in FedEx Corporation $FDX

Aptus Capital Advisors LLC boosted its position in shares of FedEx Corporation (NYSE:FDX) by 151.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 20,884 shares of the shipping service provider’s stock after purchasing an additional 12,575 shares during the quarter. Aptus Capital Advisors LLC’s holdings in FedEx were worth $6,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sivia Capital Partners LLC bought a new position in shares of FedEx in the 2nd quarter worth approximately $586,000. Franklin Resources Inc. grew its holdings in FedEx by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock valued at $1,135,411,000 after buying an additional 269,567 shares in the last quarter. CWM LLC grew its holdings in FedEx by 32.2% during the 4th quarter. CWM LLC now owns 108,031 shares of the shipping service provider’s stock valued at $31,206,000 after buying an additional 26,322 shares in the last quarter. Canada Post Corp Registered Pension Plan grew its holdings in FedEx by 85.9% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider’s stock valued at $1,962,000 after buying an additional 3,138 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of FedEx by 19.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,822 shares of the shipping service provider’s stock valued at $12,081,000 after purchasing an additional 6,864 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of FedEx from $425.00 to $442.00 in a report on Friday, April 10th. BMO Capital Markets decreased their price objective on FedEx from $410.00 to $340.00 and set a “market perform” rating for the company in a report on Monday, June 1st. Susquehanna boosted their target price on shares of FedEx from $410.00 to $455.00 and gave the stock a “positive” rating in a report on Friday, March 20th. Stephens reiterated an “overweight” rating and issued a $435.00 target price on shares of FedEx in a research report on Tuesday, April 14th. Finally, Bank of America lowered their price objective on FedEx from $440.00 to $376.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $371.45.

FedEx Stock Down 0.1%

Shares of NYSE:FDX opened at $338.12 on Tuesday. The business has a 50-day moving average price of $371.37 and a 200 day moving average price of $343.63. FedEx Corporation has a 12-month low of $172.88 and a 12-month high of $345.37. The company has a market capitalization of $80.68 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.54 and a beta of 1.28. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. During the same period last year, the business posted $4.51 EPS. FedEx’s revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts expect that FedEx Corporation will post 19.78 EPS for the current year.

FedEx Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, June 22nd. FedEx’s dividend payout ratio (DPR) is presently 30.87%.

Insider Buying and Selling

In other news, Director Susan C. Schwab sold 5,795 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the sale, the director owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. This trade represents a 36.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the transaction, the executive vice president directly owned 10,953 shares in the company, valued at approximately $4,029,499.17. This trade represents a 30.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is owned by corporate insiders.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.