W Advisors LLC Invests $242,000 in FedEx Co. (NYSE:FDX)

W Advisors LLC acquired a new stake in FedEx Co. (NYSE:FDX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 807 shares of the shipping service provider’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Certuity LLC acquired a new stake in shares of FedEx during the second quarter worth $406,000. Acadian Asset Management LLC grew its position in shares of FedEx by 7.5% during the 2nd quarter. Acadian Asset Management LLC now owns 7,268 shares of the shipping service provider’s stock valued at $2,177,000 after buying an additional 505 shares during the last quarter. Chris Bulman Inc acquired a new stake in FedEx during the second quarter worth about $153,000. Strategic Financial Concepts LLC bought a new position in FedEx in the second quarter worth about $110,000. Finally, Umpqua Bank boosted its stake in FedEx by 5.4% in the second quarter. Umpqua Bank now owns 2,235 shares of the shipping service provider’s stock valued at $670,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

FDX stock opened at $283.04 on Friday. FedEx Co. has a one year low of $224.69 and a one year high of $313.84. The firm has a 50-day moving average of $294.25 and a two-hundred day moving average of $272.09. The firm has a market capitalization of $69.65 billion, a PE ratio of 16.43, a P/E/G ratio of 1.08 and a beta of 1.17. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.34 by $0.07. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The business had revenue of $22.11 billion for the quarter, compared to the consensus estimate of $22.04 billion. During the same quarter in the previous year, the company posted $4.94 earnings per share. FedEx’s revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts forecast that FedEx Co. will post 20.87 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 9th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Monday, September 9th. FedEx’s dividend payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Bank of America increased their price target on FedEx from $340.00 to $347.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Robert W. Baird increased their target price on FedEx from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. JPMorgan Chase & Co. raised shares of FedEx from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $296.00 to $359.00 in a report on Wednesday, June 26th. TD Cowen began coverage on shares of FedEx in a report on Thursday, August 22nd. They issued a “buy” rating and a $334.00 price objective on the stock. Finally, Evercore ISI decreased their target price on shares of FedEx from $351.00 to $318.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $313.96.

Insider Activity at FedEx

In other FedEx news, CAO Guy M. Erwin II sold 116 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total value of $34,711.84. Following the completion of the sale, the chief accounting officer now owns 930 shares in the company, valued at approximately $278,293.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Brie Carere sold 1,958 shares of FedEx stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the completion of the sale, the executive vice president now directly owns 19,937 shares in the company, valued at approximately $6,189,042.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Guy M. Erwin II sold 116 shares of FedEx stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total transaction of $34,711.84. Following the completion of the sale, the chief accounting officer now owns 930 shares of the company’s stock, valued at $278,293.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,944 shares of company stock valued at $9,882,355. Corporate insiders own 8.73% of the company’s stock.

FedEx Profile

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.