Regal Investment Advisors LLC Purchases 405 Shares of FedEx Co. (NYSE:FDX)

Regal Investment Advisors LLC boosted its position in shares of FedEx Co. (NYSE:FDX) by 26.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,950 shares of the shipping service provider’s stock after purchasing an additional 405 shares during the period. Regal Investment Advisors LLC’s holdings in FedEx were worth $585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Invst LLC grew its stake in shares of FedEx by 4.6% during the second quarter. Invst LLC now owns 7,174 shares of the shipping service provider’s stock valued at $2,143,000 after buying an additional 317 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new position in FedEx during the 2nd quarter valued at $1,327,000. Sunbelt Securities Inc. grew its position in FedEx by 19.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 686 shares of the shipping service provider’s stock valued at $206,000 after acquiring an additional 112 shares during the last quarter. Front Row Advisors LLC bought a new position in shares of FedEx in the second quarter worth about $252,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of FedEx by 7.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 34,330 shares of the shipping service provider’s stock worth $10,298,000 after acquiring an additional 2,265 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FedEx

In related news, 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 sale, the chief executive officer now owns 12,246 shares in the company, valued at $3,797,974.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Brie Carere sold 1,958 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were 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 $6,189,042.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sriram Krishnasamy sold 8,421 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were 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 in the company, valued at $3,797,974.44. The disclosure for this sale can be found here. Insiders sold a total of 12,914 shares of company stock worth $3,978,338 over the last three months. 8.73% of the stock is currently owned by insiders.

FedEx Stock Performance

Shares of FedEx stock opened at $269.56 on Wednesday. The company has a 50 day moving average price of $286.76 and a 200 day moving average price of $275.91. The firm has a market capitalization of $66.33 billion, a P/E ratio of 15.64, a PEG ratio of 1.04 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. FedEx Co. has a 52 week low of $224.69 and a 52 week high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $21.87 billion. During the same period in the prior year, the business posted $4.55 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts expect that FedEx Co. will post 19.66 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Monday, September 9th. FedEx’s dividend payout ratio is presently 32.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stifel Nicolaus decreased their target price on FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a research report on Friday, September 20th. TD Cowen dropped their target price on shares of FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Hsbc Global Res lowered shares of FedEx from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Argus upped their price target on shares of FedEx from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $314.74.

FedEx 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.