FedEx Co. (NYSE:FDX) Shares Sold by Accent Capital Management LLC

Accent Capital Management LLC trimmed its position in FedEx Co. (NYSE:FDX - Free Report) by 90.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 750 shares of the shipping service provider's stock after selling 7,402 shares during the quarter. Accent Capital Management LLC's holdings in FedEx were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDX. Fortitude Family Office LLC increased its position 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 purchasing an additional 52 shares during the period. Peoples Financial Services CORP. purchased a new position in FedEx during the fourth quarter valued at approximately $28,000. City Holding Co. bought a new position in FedEx in the fourth quarter worth approximately $28,000. Kentucky Trust Co purchased a new stake in FedEx during the fourth quarter worth $28,000. Finally, Activest Wealth Management purchased a new position in shares of FedEx in the 4th quarter valued at $29,000. Institutional investors own 84.47% of the company's stock.

FedEx Price Performance

Shares of NYSE:FDX traded down $1.93 during trading on Tuesday, reaching $241.86. 1,368,093 shares of the company's stock traded hands, compared to its average volume of 1,744,217. The firm has a market cap of $57.95 billion, a PE ratio of 15.41, a P/E/G ratio of 1.11 and a beta of 1.23. FedEx Co. has a fifty-two week low of $217.22 and a fifty-two week high of $313.84. 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 50-day simple moving average of $255.97 and a 200-day simple moving average of $270.59.

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FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. During the same quarter last year, the firm earned $3.86 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.28%. FedEx's dividend payout ratio (DPR) is 34.63%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FDX. TD Cowen decreased their price objective on FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company lowered their price target on shares of FedEx from $275.00 to $260.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. JPMorgan Chase & Co. reduced their price objective on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Stifel Nicolaus lowered their target price on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Barclays reduced their price target on FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $302.71.

Insider Transactions at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at approximately $5,686,161.85. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,711 shares of company stock valued at $3,312,693 over the last 90 days. Corporate insiders own 8.87% of the company's stock.

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.