FedEx Co. (NYSE:FDX) is Ellerson Group Inc. ADV’s 5th Largest Position

Ellerson Group Inc. ADV increased its position in FedEx Co. (NYSE:FDX) by 0.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,390 shares of the shipping service provider’s stock after purchasing an additional 50 shares during the period. FedEx comprises about 4.3% of Ellerson Group Inc. ADV’s investment portfolio, making the stock its 5th biggest holding. Ellerson Group Inc. ADV’s holdings in FedEx were worth $4,905,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Todd Asset Management LLC acquired a new position in shares of FedEx in the 4th quarter valued at about $19,272,000. Axxcess Wealth Management LLC increased its stake in FedEx by 2,319.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 21,921 shares of the shipping service provider’s stock valued at $5,545,000 after buying an additional 21,015 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in FedEx by 125.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 1,778 shares of the shipping service provider’s stock worth $450,000 after buying an additional 991 shares in the last quarter. LSV Asset Management boosted its stake in shares of FedEx by 0.8% during the 4th quarter. LSV Asset Management now owns 1,472,170 shares of the shipping service provider’s stock valued at $372,415,000 after buying an additional 11,550 shares during the period. Finally, Merit Financial Group LLC grew its holdings in shares of FedEx by 8.3% during the 4th quarter. Merit Financial Group LLC now owns 1,962 shares of the shipping service provider’s stock valued at $496,000 after acquiring an additional 151 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Performance

FDX traded down $1.38 on Friday, hitting $260.65. 1,085,243 shares of the stock traded hands, compared to its average volume of 1,311,143. The business has a fifty day moving average price of $264.27 and a two-hundred day moving average price of $254.90. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.76. FedEx Co. has a 52 week low of $213.80 and a 52 week high of $291.27. The firm has a market capitalization of $64.14 billion, a PE ratio of 15.03, a P/E/G ratio of 1.23 and a beta of 1.23.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, March 21st. The shipping service provider reported $3.86 EPS for the quarter, topping the consensus estimate of $3.49 by $0.37. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.95 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. FedEx’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business earned $3.41 earnings per share. On average, research analysts predict that FedEx Co. will post 17.69 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 1.93%. The ex-dividend date was Friday, March 8th. FedEx’s dividend payout ratio (DPR) is presently 29.07%.

FedEx declared that its board has approved a share repurchase program on Thursday, March 21st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the shipping service provider to buy up to 7.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FDX. Morgan Stanley upped their target price on FedEx from $195.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Bank of America reduced their target price on shares of FedEx from $346.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Stifel Nicolaus dropped their price target on shares of FedEx from $306.00 to $303.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. BNP Paribas reaffirmed an “underperform” rating and issued a $250.00 price objective on shares of FedEx in a research note on Wednesday, March 27th. Finally, StockNews.com cut shares of FedEx from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $301.33.

Insiders Place Their Bets

In other news, VP Guy M. Erwin II sold 2,749 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $289.11, for a total value of $794,763.39. Following the sale, the vice president now directly owns 486 shares in the company, valued at approximately $140,507.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Guy M. Erwin II sold 2,749 shares of FedEx stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total transaction of $794,763.39. Following the completion of the transaction, the vice president now directly owns 486 shares of the company’s stock, valued at approximately $140,507.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sriram Krishnasamy sold 354 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $289.19, for a total transaction of $102,373.26. Following the sale, the chief executive officer now directly owns 11,147 shares in the company, valued at $3,223,600.93. The disclosure for this sale can be found here. Insiders sold a total of 136,668 shares of company stock worth $37,758,773 over 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.