AA Financial Advisors LLC Invests $203,000 in FedEx Co. (NYSE:FDX)

AA Financial Advisors LLC bought a new stake in shares of FedEx Co. (NYSE:FDX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 677 shares of the shipping service provider’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FDX. Fortis Group Advisors LLC raised its stake in FedEx by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in FedEx in the 4th quarter valued at about $25,000. Private Wealth Management Group LLC acquired a new stake in shares of FedEx during the fourth quarter valued at about $28,000. Rakuten Securities Inc. acquired a new position in shares of FedEx in the 4th quarter worth approximately $30,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of FedEx during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Activity

In other news, CEO Sriram Krishnasamy sold 8,421 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total value of $2,611,688.94. Following the completion of the transaction, the chief executive officer now directly owns 12,246 shares in the company, valued at $3,797,974.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Robert B. Carter sold 16,010 shares of the stock in a transaction dated Friday, June 28th. The stock was 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 owns 59,884 shares of the company’s stock, valued at $17,634,640.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sriram Krishnasamy sold 8,421 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total value of $2,611,688.94. Following the completion of the transaction, the chief executive officer now directly owns 12,246 shares in the company, valued at $3,797,974.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,944 shares of company stock worth $9,882,355. 8.73% of the stock is currently owned by corporate insiders.

FedEx Trading Up 0.1 %

FedEx stock traded up $0.17 during trading on Wednesday, hitting $283.27. The company’s stock had a trading volume of 132,231 shares, compared to its average volume of 1,870,506. The stock’s fifty day moving average is $282.32 and its 200 day moving average is $265.86. 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 1-year low of $224.69 and a 1-year high of $313.84. The stock has a market capitalization of $69.71 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.08 and a beta of 1.18.

FedEx (NYSE:FDX) last released its quarterly earnings data 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. The business had revenue of $22.11 billion during the quarter, compared to the consensus estimate of $22.04 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.94 EPS. As a group, equities research analysts predict that FedEx Co. will post 20.94 EPS for the current year.

FedEx Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, June 24th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from FedEx’s previous quarterly dividend of $1.26. FedEx’s payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FDX. Raymond James lowered their target price on FedEx from $325.00 to $300.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Evercore ISI dropped their price target on shares of FedEx from $351.00 to $318.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. Morgan Stanley boosted their price objective on FedEx from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 26th. Bank of America lifted their price target on FedEx from $340.00 to $347.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. raised FedEx from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $296.00 to $359.00 in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $314.00.

FedEx Company 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.