J.W. Cole Advisors Inc. Sells 258 Shares of FedEx Co. (NYSE:FDX)

J.W. Cole Advisors Inc. decreased its holdings in shares of FedEx Co. (NYSE:FDX) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,924 shares of the shipping service provider’s stock after selling 258 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in FedEx were worth $877,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC lifted its position in shares of FedEx by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 50 shares during the period. Scarborough Advisors LLC bought a new stake in shares of FedEx in the 4th quarter worth approximately $25,000. Sachetta LLC bought a new stake in shares of FedEx in the 4th quarter worth approximately $32,000. Central Valley Advisors LLC bought a new stake in shares of FedEx in the 2nd quarter worth approximately $39,000. Finally, Security National Bank bought a new stake in shares of FedEx in the 4th quarter worth approximately $44,000. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sriram Krishnasamy sold 8,421 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total transaction of $2,611,688.94. Following the completion of the sale, the chief executive officer now directly owns 12,246 shares of the company’s stock, valued at approximately $3,797,974.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other FedEx news, EVP Brie Carere sold 1,958 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 19,937 shares of the company’s stock, valued at approximately $6,189,042.91. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sriram Krishnasamy sold 8,421 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total value of $2,611,688.94. Following the transaction, the chief executive officer now directly owns 12,246 shares of the company’s stock, valued at approximately $3,797,974.44. The disclosure for this sale can be found here. In the last three months, insiders sold 32,944 shares of company stock valued at $9,882,355. 8.73% of the stock is owned by corporate insiders.

FedEx Stock Performance

Shares of FDX stock opened at $292.63 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.32. The stock has a market cap of $72.01 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17. The stock has a 50-day moving average of $293.11 and a 200-day moving average of $274.10. FedEx Co. has a one year low of $224.69 and a one year high of $313.84.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $22.04 billion. During the same period in the prior year, the business earned $4.94 EPS. FedEx’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts expect that FedEx Co. will post 20.82 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 9th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a yield of 1.89%. FedEx’s payout ratio is 32.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley raised their target price on FedEx from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 26th. UBS Group reduced their price target on shares of FedEx from $340.00 to $333.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Stifel Nicolaus reiterated a “buy” rating and set a $327.00 price target (up previously from $303.00) on shares of FedEx in a research report on Wednesday, June 26th. Robert W. Baird reiterated an “outperform” rating and set a $340.00 price target on shares of FedEx in a research report on Friday. Finally, Oppenheimer reiterated a “market perform” rating on shares of FedEx in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average target price of $314.67.

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.