FedEx Co. (NYSE:FDX) Shares Bought by Warther Private Wealth LLC

Warther Private Wealth LLC boosted its holdings in FedEx Co. (NYSE:FDX) by 34.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,892 shares of the shipping service provider’s stock after buying an additional 11,917 shares during the quarter. FedEx makes up 4.5% of Warther Private Wealth LLC’s holdings, making the stock its 7th biggest holding. Warther Private Wealth LLC’s holdings in FedEx were worth $12,833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wealthcare Advisory Partners LLC raised its holdings in FedEx by 7.7% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,924 shares of the shipping service provider’s stock valued at $558,000 after buying an additional 137 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of FedEx by 6.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,508 shares of the shipping service provider’s stock worth $10,868,000 after purchasing an additional 2,241 shares during the period. 180 Wealth Advisors LLC grew its stake in shares of FedEx by 4.1% in the first quarter. 180 Wealth Advisors LLC now owns 1,522 shares of the shipping service provider’s stock worth $441,000 after purchasing an additional 60 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in FedEx in the first quarter valued at $277,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in FedEx by 20.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,564 shares of the shipping service provider’s stock worth $1,322,000 after purchasing an additional 785 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

FDX opened at $274.00 on Friday. FedEx Co. has a 1 year low of $224.69 and a 1 year high of $313.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The company has a market capitalization of $67.43 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 1.06 and a beta of 1.17. The firm’s fifty day moving average price is $279.32 and its two-hundred day moving average price is $274.85.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing the consensus estimate of $4.82 by ($1.22). The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.55 earnings per share. As a group, analysts anticipate that FedEx Co. will post 19.6 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were paid a $1.38 dividend. The ex-dividend date was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.01%. FedEx’s dividend payout ratio (DPR) is presently 32.04%.

Analysts Set New Price Targets

FDX has been the subject of several recent research reports. The Goldman Sachs Group decreased their price target on FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Citigroup started coverage on shares of FedEx in a research report on Wednesday, October 9th. They issued a “buy” rating and a $301.00 price target on the stock. Evercore ISI decreased their price objective on shares of FedEx from $335.00 to $318.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Bank of America lowered their target price on shares of FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, UBS Group cut their price target on shares of FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $314.17.

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.