FedEx Co. (NYSE:FDX) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in FedEx Co. (NYSE:FDX - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,224 shares of the shipping service provider's stock after selling 4,373 shares during the period. Alliancebernstein L.P. owned about 0.12% of FedEx worth $79,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. bLong Financial LLC purchased a new stake in FedEx during the 4th quarter worth about $391,000. Virtu Financial LLC acquired a new position in shares of FedEx during the third quarter worth about $3,405,000. Lodestone Wealth Management LLC purchased a new stake in shares of FedEx during the fourth quarter worth approximately $461,000. Wedmont Private Capital raised its holdings in FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock valued at $631,000 after acquiring an additional 91 shares in the last quarter. Finally, GFS Advisors LLC acquired a new position in FedEx during the 4th quarter worth approximately $26,855,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

Insider Buying and Selling

In other 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 transaction of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. The trade was a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares of the company's stock, valued at $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,711 shares of company stock valued at $3,312,693. Corporate insiders own 8.87% of the company's stock.

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FedEx Stock Performance

FDX traded down $5.96 during trading on Friday, reaching $209.90. The company's stock had a trading volume of 3,618,525 shares, compared to its average volume of 1,754,835. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company's fifty day moving average price is $252.45 and its 200-day moving average price is $268.95. FedEx Co. has a 52-week low of $203.90 and a 52-week high of $313.84. The company has a market capitalization of $50.29 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share 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. On average, equities analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Monday, March 10th. FedEx's dividend payout ratio (DPR) is 34.63%.

Analysts Set New Price Targets

FDX has been the subject of several recent analyst reports. Cfra Research raised shares of FedEx to a "hold" rating in a research report on Thursday, March 20th. UBS Group decreased their price target on FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft began coverage on FedEx in a report on Friday, March 7th. They issued a "buy" rating and a $337.00 price objective on the stock. Bank of America decreased their target price on FedEx from $295.00 to $272.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Piper Sandler lowered shares of FedEx to a "neutral" rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, FedEx has an average rating of "Moderate Buy" and an average target price 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.