A. D. Beadell Investment Counsel Inc. Sells 375 Shares of FedEx Co. (NYSE:FDX)

A. D. Beadell Investment Counsel Inc. decreased its holdings in shares of FedEx Co. (NYSE:FDX) by 5.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,375 shares of the shipping service provider’s stock after selling 375 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in FedEx were worth $928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FDX. Zions Bancorporation N.A. grew its stake in FedEx by 4.0% in the second quarter. Zions Bancorporation N.A. now owns 1,661 shares of the shipping service provider’s stock worth $273,000 after purchasing an additional 64 shares in the last quarter. Alpha Windward LLC boosted its position in FedEx by 7.5% during the 2nd quarter. Alpha Windward LLC now owns 977 shares of the shipping service provider’s stock valued at $169,000 after acquiring an additional 68 shares in the last quarter. First Personal Financial Services boosted its position in FedEx by 6.7% during the 3rd quarter. First Personal Financial Services now owns 1,080 shares of the shipping service provider’s stock valued at $157,000 after acquiring an additional 68 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in FedEx by 2.6% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 2,780 shares of the shipping service provider’s stock valued at $457,000 after acquiring an additional 70 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC boosted its position in FedEx by 2.7% during the 2nd quarter. Quadrant Private Wealth Management LLC now owns 2,701 shares of the shipping service provider’s stock valued at $443,000 after acquiring an additional 72 shares in the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on FDX. Loop Capital dropped their target price on FedEx to $200.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Deutsche Bank raised FedEx from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Berenberg Bank set a $155.00 target price on FedEx and gave the company a “hold” rating in a research report on Friday, October 11th. DZ Bank reaffirmed a “sell” rating on shares of FedEx in a research report on Wednesday, September 18th. Finally, Cowen dropped their target price on FedEx from $206.00 to $190.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $171.64.

Shares of FDX opened at $154.05 on Friday. FedEx Co. has a 12 month low of $137.78 and a 12 month high of $234.49. The stock has a fifty day moving average price of $152.32 and a 200-day moving average price of $164.92. The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 1.70. The firm has a market cap of $40.34 billion, a PE ratio of 9.93, a P/E/G ratio of 1.06 and a beta of 1.72.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.12). The firm had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $17.05 billion. FedEx had a return on equity of 21.15% and a net margin of 0.65%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business earned $3.46 EPS. As a group, research analysts forecast that FedEx Co. will post 12.11 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 9th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.60 dividend on an annualized basis and a yield of 1.69%. FedEx’s dividend payout ratio (DPR) is 16.75%.

In other news, Director R Brad Martin bought 1,000 shares of FedEx stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of $145.00 per share, for a total transaction of $145,000.00. Following the purchase, the director now directly owns 49,046 shares of the company’s stock, valued at approximately $7,111,670. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.44% of the company’s stock.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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