FedEx Co. (NYSE:FDX) Stock Holdings Lessened by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lowered its stake in FedEx Co. (NYSE:FDX) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,620 shares of the shipping service provider’s stock after selling 53 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in FedEx were worth $759,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Mayflower Financial Advisors LLC raised its stake in FedEx by 4.6% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,771 shares of the shipping service provider’s stock valued at $448,000 after purchasing an additional 78 shares during the period. Miracle Mile Advisors LLC grew its holdings in shares of FedEx by 1.3% during the 4th quarter. Miracle Mile Advisors LLC now owns 20,401 shares of the shipping service provider’s stock valued at $5,161,000 after acquiring an additional 263 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in shares of FedEx by 64.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 255 shares of the shipping service provider’s stock valued at $65,000 after acquiring an additional 100 shares in the last quarter. Chicago Capital LLC purchased a new position in shares of FedEx during the 4th quarter valued at $428,000. Finally, Osborne Partners Capital Management LLC grew its holdings in shares of FedEx by 22.5% during the 4th quarter. Osborne Partners Capital Management LLC now owns 1,245 shares of the shipping service provider’s stock valued at $315,000 after acquiring an additional 229 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Oppenheimer restated a “market perform” rating on shares of FedEx in a report on Wednesday, June 26th. JPMorgan Chase & Co. raised shares of FedEx from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $296.00 to $359.00 in a research report on Wednesday, June 26th. Robert W. Baird boosted their target price on shares of FedEx from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. UBS Group cut their target price on shares of FedEx from $340.00 to $333.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. Finally, Bank of America increased their target price on shares of FedEx from $340.00 to $347.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus price target of $314.00.

FedEx Trading Down 1.5 %

FDX traded down $4.42 during trading on Thursday, reaching $297.83. 1,494,472 shares of the company’s stock were exchanged, compared to its average volume of 1,892,385. The company’s fifty day moving average price is $275.93 and its 200-day moving average price is $263.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.36. FedEx Co. has a fifty-two week low of $224.69 and a fifty-two week high of $313.84. The firm has a market capitalization of $72.76 billion, a PE ratio of 17.54, a P/E/G ratio of 1.09 and a beta of 1.18.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. FedEx had a net margin of 4.94% and a return on equity of 16.70%. The firm had revenue of $22.11 billion during the quarter, compared to analyst estimates of $22.04 billion. During the same quarter in the previous year, the business earned $4.94 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities analysts forecast that FedEx Co. will post 20.94 EPS for the current year.

FedEx Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Monday, June 24th were issued a $1.38 dividend. This is a positive change from FedEx’s previous quarterly dividend of $1.26. The ex-dividend date was Monday, June 24th. This represents a $5.52 annualized dividend and a dividend yield of 1.85%. FedEx’s payout ratio is 32.04%.

Insider Activity

In related news, EVP Robert B. Carter sold 16,010 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $294.48, for a total value of $4,714,624.80. Following the completion of the transaction, the executive vice president now directly owns 59,884 shares of the company’s stock, valued at approximately $17,634,640.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Brie Carere sold 1,958 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $310.43, for a total transaction of $607,821.94. Following the sale, the executive vice president now owns 19,937 shares in the company, valued at approximately $6,189,042.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert B. Carter sold 16,010 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $294.48, for a total transaction of $4,714,624.80. Following the completion of the transaction, the executive vice president now directly owns 59,884 shares of the company’s stock, valued at approximately $17,634,640.32. The disclosure for this sale can be found here. Insiders sold 32,944 shares of company stock valued at $9,882,355 in the last quarter. Company insiders own 8.73% of the company’s stock.

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.