Physician Wealth Advisors Inc. Takes $46,000 Position in FedEx Co. (NYSE:FDX)

Physician Wealth Advisors Inc. acquired a new position in FedEx Co. (NYSE:FDX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 162 shares of the shipping service provider’s stock, valued at approximately $46,000.

Other large investors have also recently added to or reduced their stakes in the company. Cetera Trust Company N.A grew its stake in shares of FedEx by 0.5% in the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider’s stock worth $2,230,000 after purchasing an additional 40 shares in the last quarter. Griffin Asset Management Inc. lifted its holdings in FedEx by 0.4% in the fourth quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider’s stock worth $2,916,000 after purchasing an additional 40 shares during the period. Aviso Financial Inc. grew its position in FedEx by 1.2% in the 4th quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider’s stock valued at $957,000 after buying an additional 40 shares in the last quarter. Richard P Slaughter Associates Inc raised its position in shares of FedEx by 0.5% during the 4th quarter. Richard P Slaughter Associates Inc now owns 8,107 shares of the shipping service provider’s stock worth $2,281,000 after buying an additional 42 shares in the last quarter. Finally, WealthPlan Investment Management LLC lifted its stake in shares of FedEx by 2.6% in the 4th quarter. WealthPlan Investment Management LLC now owns 1,680 shares of the shipping service provider’s stock worth $473,000 after acquiring an additional 42 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO John Alan Smith sold 6,155 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares of the company’s stock, valued at approximately $5,686,161.85. The trade was a 20.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now directly owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,711 shares of company stock valued at $3,312,693 in the last three months. Insiders own 8.87% of the company’s stock.

FedEx Price Performance

Shares of FDX opened at $244.07 on Tuesday. 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 company has a market capitalization of $58.48 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.11 and a beta of 1.23. The business’s 50-day moving average is $255.97 and its 200-day moving average is $270.59. FedEx Co. has a fifty-two week low of $217.22 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last released its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion during the quarter, compared to analysts’ expectations of $21.96 billion. During the same quarter in the previous year, the company earned $3.86 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.26%. FedEx’s dividend payout ratio (DPR) is currently 34.63%.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of research analyst reports. TD Cowen lowered their price objective on shares of FedEx from $337.00 to $310.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Truist Financial started coverage on FedEx in a research note on Thursday, March 13th. They set a “buy” rating and a $305.00 price target for the company. Cfra Research raised FedEx to a “hold” rating in a research note on Thursday, March 20th. UBS Group decreased their target price on FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $302.71.

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.