Brookstone Capital Management Sells 1,457 Shares of FedEx Co. (NYSE:FDX)

Brookstone Capital Management lowered its stake in FedEx Co. (NYSE:FDX - Free Report) by 26.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,993 shares of the shipping service provider's stock after selling 1,457 shares during the quarter. Brookstone Capital Management's holdings in FedEx were worth $1,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of FedEx by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider's stock worth $1,281,335,000 after buying an additional 67,502 shares in the last quarter. Franklin Resources Inc. grew its holdings in FedEx by 8.6% during the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock worth $1,042,050,000 after acquiring an additional 314,380 shares during the period. Ameriprise Financial Inc. raised its position in FedEx by 34.6% in the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider's stock worth $674,336,000 after acquiring an additional 578,350 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in FedEx by 0.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider's stock valued at $465,031,000 after acquiring an additional 11,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of FedEx by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider's stock valued at $397,267,000 after purchasing an additional 13,093 shares in the last quarter. Institutional investors own 84.47% of the company's stock.

FedEx Stock Down 0.8 %

Shares of NYSE FDX traded down $2.26 during mid-day trading on Friday, reaching $275.11. 1,577,458 shares of the company traded hands, compared to its average volume of 1,513,014. The company's fifty day moving average is $283.70 and its two-hundred day moving average is $284.20. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. 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 stock has a market cap of $66.26 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts' consensus estimates of $3.88 by $0.17. The company had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.99 earnings per share. On average, analysts expect that FedEx Co. will post 19.2 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Monday, December 9th. FedEx's dividend payout ratio (DPR) is 35.18%.

Insider Activity

In other FedEx news, Director Amy B. Lane purchased 333 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John W. Dietrich acquired 1,000 shares of the stock in a transaction dated Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now owns 9,067 shares of the company's stock, valued at $2,484,176.66. The trade was a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FDX has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of FedEx from $305.00 to $320.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. TD Cowen increased their price objective on FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Citigroup lifted their target price on FedEx from $301.00 to $331.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Morgan Stanley lowered shares of FedEx from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $215.00 to $200.00 in a report on Friday, September 20th. Finally, Hsbc Global Res lowered FedEx from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $325.61.

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.