Stratos Wealth Partners LTD. Has $4.80 Million Holdings in FedEx Co. (FDX)

Stratos Wealth Partners LTD. lifted its stake in FedEx Co. (NYSE:FDX) by 23.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,270 shares of the shipping service provider’s stock after acquiring an additional 3,993 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in FedEx were worth $4,798,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of FedEx by 5.4% in the first quarter. Vanguard Group Inc. now owns 17,997,225 shares of the shipping service provider’s stock worth $3,512,158,000 after buying an additional 918,896 shares in the last quarter. Mcdaniel Terry & Co. increased its position in FedEx by 0.5% in the first quarter. Mcdaniel Terry & Co. now owns 113,836 shares of the shipping service provider’s stock worth $22,215,000 after purchasing an additional 584 shares during the last quarter. Geode Capital Management LLC increased its position in FedEx by 8.4% in the first quarter. Geode Capital Management LLC now owns 2,236,044 shares of the shipping service provider’s stock worth $435,698,000 after purchasing an additional 173,544 shares during the last quarter. Blume Capital Management Inc. increased its position in FedEx by 0.8% in the first quarter. Blume Capital Management Inc. now owns 6,423 shares of the shipping service provider’s stock worth $1,253,000 after purchasing an additional 50 shares during the last quarter. Finally, Davidson Investment Advisors increased its position in FedEx by 1.5% in the first quarter. Davidson Investment Advisors now owns 23,457 shares of the shipping service provider’s stock worth $4,575,000 after purchasing an additional 343 shares during the last quarter. Institutional investors own 75.74% of the company’s stock.

In other news, Director Kim Jabal sold 3,980 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total value of $897,689.00. Following the transaction, the director now directly owns 6,080 shares in the company, valued at $1,371,344. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 completion of the sale, the insider now directly owns 36,747 shares of the company’s stock, valued at $8,395,219.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,094 shares of company stock worth $9,024,637. Company insiders own 8.45% of the company’s stock.

FDX has been the topic of several research reports. Vetr cut shares of FedEx to a “sell” rating and set a $204.84 price target on the stock. in a research report on Thursday, August 31st. J P Morgan Chase & Co boosted their price target on shares of FedEx from $237.00 to $264.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Goldman Sachs Group initiated coverage on shares of FedEx in a research report on Monday, November 13th. They issued a “buy” rating and a $270.00 price target on the stock. Credit Suisse Group restated an “outperform” rating and issued a $233.00 price target (down previously from $242.00) on shares of FedEx in a research report on Friday, September 15th. Finally, Robert W. Baird restated a “buy” rating and issued a $235.00 price target on shares of FedEx in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $231.81.

FedEx Co. (FDX) traded down $3.65 during midday trading on Wednesday, hitting $235.40. 1,592,000 shares of the stock were exchanged, compared to its average volume of 1,476,326. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $64,100.71, a PE ratio of 20.07, a PEG ratio of 1.50 and a beta of 1.36. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $243.06.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. FedEx had a return on equity of 20.69% and a net margin of 4.72%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.90 earnings per share. research analysts forecast that FedEx Co. will post 12.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, December 8th. FedEx’s payout ratio is presently 18.87%.

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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.

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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