apricus wealth LLC Sells 150 Shares of FedEx Co. (NYSE:FDX)

apricus wealth LLC lowered its stake in FedEx Co. (NYSE:FDX) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,185 shares of the shipping service provider’s stock after selling 150 shares during the quarter. apricus wealth LLC’s holdings in FedEx were worth $598,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Central Valley Advisors LLC bought a new stake in shares of FedEx in the 2nd quarter valued at $39,000. Abound Wealth Management grew its position in FedEx by 175.9% in the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after purchasing an additional 95 shares during the period. Sachetta LLC grew its position in FedEx by 29.1% in the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after purchasing an additional 37 shares during the period. ORG Partners LLC acquired a new stake in FedEx in the 2nd quarter valued at $50,000. Finally, TruNorth Capital Management LLC acquired a new stake in FedEx in the 2nd quarter valued at $56,000. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FDX. Daiwa America downgraded shares of FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Monday. Stephens reissued an “overweight” rating and issued a $350.00 price target on shares of FedEx in a research report on Friday, September 20th. Susquehanna reduced their price target on shares of FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a research report on Friday, September 20th. Finally, Robert W. Baird cut their price objective on shares of FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average price target of $314.17.

FedEx Trading Up 1.8 %

Shares of FedEx stock opened at $272.87 on Friday. FedEx Co. has a 52-week low of $224.69 and a 52-week high of $313.84. The stock’s 50-day simple moving average is $279.32 and its 200 day simple moving average is $274.85. The stock has a market capitalization of $67.15 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.06 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

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

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Monday, September 9th. FedEx’s payout ratio is 32.04%.

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.