Curio Wealth LLC Takes $45,000 Position in FedEx Co. (NYSE:FDX)

Curio Wealth LLC acquired a new stake in FedEx Co. (NYSE:FDX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 160 shares of the shipping service provider’s stock, valued at approximately $45,000.

A number of other institutional investors also recently made changes to their positions in FDX. Fortitude Family Office LLC raised its holdings in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after buying an additional 52 shares during the last quarter. Peoples Financial Services CORP. bought a new stake in FedEx during the 4th quarter valued at $28,000. City Holding Co. bought a new stake in FedEx during the 4th quarter valued at $28,000. Kentucky Trust Co bought a new stake in FedEx during the 4th quarter valued at $28,000. Finally, Activest Wealth Management bought a new stake in FedEx during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FDX. Raymond James lowered shares of FedEx from an “outperform” rating to a “market perform” rating in a report on Monday, February 3rd. Truist Financial began coverage on shares of FedEx in a report on Thursday, March 13th. They issued a “buy” rating and a $305.00 price objective for the company. Stifel Nicolaus decreased their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of FedEx from $372.00 to $323.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, Loop Capital lowered shares of FedEx from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $365.00 to $283.00 in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $318.04.

Insider Activity

In related news, EVP John W. Dietrich acquired 1,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average cost of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

FedEx Stock Performance

Shares of NYSE FDX opened at $245.46 on Tuesday. The firm’s 50-day moving average price is $262.47 and its 200-day moving average price is $273.86. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market cap of $59.12 billion, a PE ratio of 15.64, a PEG ratio of 1.11 and a beta of 1.23. FedEx Co. has a 52-week low of $239.50 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. The business had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $3.99 EPS. As a group, analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

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.