Kestra Advisory Services LLC Raises Stock Position in FedEx Co. (NYSE:FDX)

Kestra Advisory Services LLC grew its holdings in FedEx Co. (NYSE:FDX - Get Rating) by 9.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,172 shares of the shipping service provider's stock after buying an additional 4,374 shares during the period. Kestra Advisory Services LLC's holdings in FedEx were worth $7,746,000 as of its most recent filing with the Securities & Exchange Commission.

→ The "NEW" Oil and Gas Crisis: Lack Of Lithium (From Investing Trends)

Other institutional investors and hedge funds have also made changes to their positions in the company. RB Capital Management LLC lifted its holdings in shares of FedEx by 3.3% in the 1st quarter. RB Capital Management LLC now owns 1,951 shares of the shipping service provider's stock worth $451,000 after acquiring an additional 63 shares during the last quarter. AMI Investment Management Inc. lifted its holdings in shares of FedEx by 43.9% in the 1st quarter. AMI Investment Management Inc. now owns 15,385 shares of the shipping service provider's stock worth $3,560,000 after acquiring an additional 4,693 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of FedEx by 101.5% in the 1st quarter. Moors & Cabot Inc. now owns 4,274 shares of the shipping service provider's stock worth $989,000 after acquiring an additional 2,153 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of FedEx by 7.8% in the 1st quarter. Baird Financial Group Inc. now owns 148,735 shares of the shipping service provider's stock worth $34,408,000 after acquiring an additional 10,731 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of FedEx by 553.3% in the 1st quarter. Loomis Sayles & Co. L P now owns 392 shares of the shipping service provider's stock worth $91,000 after acquiring an additional 332 shares during the last quarter. 72.02% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of NYSE FDX opened at $188.13 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.83. FedEx Co. has a 12 month low of $141.92 and a 12 month high of $256.49. The company has a 50 day simple moving average of $176.83 and a two-hundred day simple moving average of $188.48. The stock has a market cap of $47.48 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.16 and a beta of 1.31.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Monday, December 12th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, December 9th. FedEx's dividend payout ratio is currently 36.14%.

Insider Activity at FedEx

In other news, Director Amy B. Lane bought 280 shares of the firm's stock in a transaction that occurred on Tuesday, January 3rd. The stock was purchased at an average cost of $175.83 per share, for a total transaction of $49,232.40. Following the purchase, the director now directly owns 1,529 shares in the company, valued at approximately $268,844.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 8.62% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FDX shares. BMO Capital Markets decreased their price objective on shares of FedEx from $215.00 to $190.00 and set a "market perform" rating for the company in a report on Friday, September 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FedEx from $190.00 to $217.00 in a report on Monday, November 28th. Credit Suisse Group set a $238.00 target price on shares of FedEx in a research report on Wednesday, January 11th. Barclays set a $240.00 target price on shares of FedEx in a research report on Monday, January 2nd. Finally, TheStreet downgraded shares of FedEx from a "b-" rating to a "c+" rating in a research report on Wednesday, October 12th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, FedEx has a consensus rating of "Hold" and a consensus price target of $205.52.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.

See Also

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX - Get Rating).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to EMAIL.

Before you consider FedEx, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FedEx wasn't on the list.

While FedEx currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here