SeaCrest Wealth Management LLC Buys Shares of 1,164 FedEx Co. (FDX)

SeaCrest Wealth Management LLC bought a new position in FedEx Co. (NYSE:FDX) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,164 shares of the shipping service provider’s stock, valued at approximately $290,000.

Other institutional investors also recently made changes to their positions in the company. Krilogy Financial LLC raised its holdings in FedEx by 0.4% during the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after acquiring an additional 2 shares during the period. Salem Investment Counselors Inc. raised its holdings in FedEx by 2.8% during the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after acquiring an additional 13 shares during the period. RNC Capital Management LLC raised its holdings in FedEx by 0.8% during the second quarter. RNC Capital Management LLC now owns 1,996 shares of the shipping service provider’s stock valued at $434,000 after acquiring an additional 15 shares during the period. High Falls Advisors Inc raised its holdings in FedEx by 2.1% during the second quarter. High Falls Advisors Inc now owns 1,124 shares of the shipping service provider’s stock valued at $244,000 after acquiring an additional 23 shares during the period. Finally, Sii Investments Inc. WI raised its holdings in FedEx by 1.3% during the second quarter. Sii Investments Inc. WI now owns 3,402 shares of the shipping service provider’s stock valued at $739,000 after acquiring an additional 45 shares during the period. 76.23% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the company. Citigroup raised their price target on FedEx to $275.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Barclays reissued an “overweight” rating and set a $270.00 price target (up from $230.00) on shares of FedEx in a report on Thursday, November 30th. They noted that the move was a valuation call. Goldman Sachs Group assumed coverage on FedEx in a report on Monday, November 13th. They set a “buy” rating and a $270.00 price target on the stock. Stifel Nicolaus raised their price target on FedEx from $221.00 to $272.00 and gave the company a “hold” rating in a report on Wednesday, December 20th. Finally, Zacks Investment Research raised FedEx from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $273.12.

In related news, EVP Robert B. Carter sold 3,970 shares of FedEx stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $250.73, for a total value of $995,398.10. Following the completion of the transaction, the executive vice president now owns 187,025 shares in the company, valued at $46,892,778.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David P. Steiner sold 3,016 shares of FedEx stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $266.05, for a total value of $802,406.80. Following the completion of the transaction, the director now owns 16,040 shares of the company’s stock, valued at approximately $4,267,442. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,541 shares of company stock valued at $13,692,142. 8.45% of the stock is currently owned by company insiders.

FedEx Co. (NYSE FDX) opened at $235.32 on Friday. The firm has a market capitalization of $64,097.94, a PE ratio of 21.69, a PEG ratio of 1.40 and a beta of 1.30. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $274.66.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.29. The firm had revenue of $16.30 billion during the quarter, compared to analyst estimates of $15.67 billion. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.80 earnings per share. sell-side analysts forecast that FedEx Co. will post 13.38 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “SeaCrest Wealth Management LLC Buys Shares of 1,164 FedEx Co. (FDX)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at https://www.com-unik.info/2018/02/10/seacrest-wealth-management-llc-buys-shares-of-1164-fedex-co-fdx.html.

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.

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX).

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit