Empowered Funds LLC Sells 3,181 Shares of FedEx Co. (NYSE:FDX)

Empowered Funds LLC reduced its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 35.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,763 shares of the shipping service provider's stock after selling 3,181 shares during the quarter. Empowered Funds LLC's holdings in FedEx were worth $1,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of FedEx in the third quarter worth $3,405,000. Wedmont Private Capital lifted its holdings in FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock worth $631,000 after purchasing an additional 91 shares in the last quarter. GFS Advisors LLC bought a new position in FedEx in the 4th quarter worth about $26,855,000. Persium Advisors LLC bought a new position in FedEx in the 4th quarter worth about $530,000. Finally, Assenagon Asset Management S.A. increased its position in shares of FedEx by 137.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 227,965 shares of the shipping service provider's stock valued at $64,133,000 after buying an additional 132,036 shares during the period. 84.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Amy B. Lane purchased 333 shares of the business's stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by company insiders.

FedEx Trading Down 0.2 %

Shares of NYSE FDX traded down $0.44 during midday trading on Wednesday, reaching $267.02. The company had a trading volume of 571,495 shares, compared to its average volume of 1,630,213. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a one year low of $235.32 and a one year high of $313.84. The firm's fifty day moving average price is $271.93 and its 200-day moving average price is $278.53. The stock has a market cap of $64.31 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 15.59% and a net margin of 4.45%. The firm's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $3.99 earnings per share. On average, equities research analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.07%. FedEx's payout ratio is 35.18%.

Analyst Ratings Changes

FDX has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Wells Fargo & Company raised their price target on shares of FedEx from $305.00 to $320.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. Raymond James upped their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Stifel Nicolaus dropped their price objective on FedEx from $368.00 to $364.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Finally, TD Cowen upped their target price on FedEx from $328.00 to $337.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $321.87.

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.