Opal Wealth Advisors LLC Purchases 80 Shares of FedEx Co. (NYSE:FDX)

Opal Wealth Advisors LLC increased its holdings in FedEx Co. (NYSE:FDX) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,401 shares of the shipping service provider’s stock after acquiring an additional 80 shares during the period. Opal Wealth Advisors LLC’s holdings in FedEx were worth $675,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FDX. Savant Capital LLC increased its holdings in FedEx by 1.4% during the fourth quarter. Savant Capital LLC now owns 21,949 shares of the shipping service provider’s stock worth $6,175,000 after buying an additional 294 shares during the last quarter. Angeles Wealth Management LLC grew its position in shares of FedEx by 15.3% during the 4th quarter. Angeles Wealth Management LLC now owns 1,274 shares of the shipping service provider’s stock valued at $358,000 after acquiring an additional 169 shares during the period. Activest Wealth Management bought a new stake in shares of FedEx in the 4th quarter worth approximately $29,000. Wilsey Asset Management Inc. lifted its stake in FedEx by 2.1% in the fourth quarter. Wilsey Asset Management Inc. now owns 108,113 shares of the shipping service provider’s stock valued at $30,415,000 after purchasing an additional 2,193 shares during the last quarter. Finally, Tevis Investment Management grew its holdings in FedEx by 18.5% during the fourth quarter. Tevis Investment Management now owns 2,113 shares of the shipping service provider’s stock valued at $597,000 after purchasing an additional 330 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FedEx

In related news, Director Amy B. Lane bought 333 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the acquisition, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Stephens lowered their price objective on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. increased their target price on shares of FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. TD Cowen boosted their price target on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Raymond James raised their price objective on shares of FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.87.

FedEx Price Performance

Shares of NYSE:FDX opened at $256.01 on Monday. The company’s fifty day moving average price is $274.59 and its 200-day moving average price is $280.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm has a market capitalization of $61.66 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.07 and a beta of 1.18. FedEx Co. has a one year low of $234.45 and a one year high of $313.84.

FedEx (NYSE:FDX) last released its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the prior year, the firm earned $3.99 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. On average, equities research analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

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.