Blue Trust Inc. lessened its holdings in FedEx Co. (NYSE:FDX - Free Report) by 52.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 852 shares of the shipping service provider's stock after selling 950 shares during the quarter. Blue Trust Inc.'s holdings in FedEx were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in 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 valued at $1,281,335,000 after purchasing an additional 67,502 shares during the period. Franklin Resources Inc. lifted its position in shares of FedEx by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock valued at $1,042,050,000 after buying an additional 314,380 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of FedEx by 0.7% during 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 buying an additional 11,100 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 buying an additional 13,093 shares during the last quarter. Finally, Sentry LLC lifted its position in shares of FedEx by 0.4% during the 4th quarter. Sentry LLC now owns 1,217,117 shares of the shipping service provider's stock valued at $342,412,000 after buying an additional 5,404 shares during the last quarter. Institutional investors own 84.47% of the company's stock.
FedEx Price Performance
Shares of NYSE:FDX traded down $15.11 during mid-day trading on Friday, reaching $253.35. The stock had a trading volume of 3,305,313 shares, compared to its average volume of 1,663,603. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The company has a market cap of $61.02 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. FedEx Co. has a 1 year low of $239.07 and a 1 year high of $313.84. The business's 50 day moving average price is $271.34 and its 200 day moving average price is $278.38.
FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping analysts' consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the previous year, the business earned $3.99 earnings per share. The firm's revenue for the quarter was down .7% on a year-over-year basis. Research analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.
FedEx Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.18%. FedEx's dividend payout ratio (DPR) is presently 35.18%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on FDX shares. Stifel Nicolaus dropped their price target on FedEx from $368.00 to $364.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Bank of America increased their price objective on FedEx from $325.00 to $348.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Wells Fargo & Company increased their price objective on FedEx from $305.00 to $320.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. Raymond James increased their price objective on FedEx from $305.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Finally, Sanford C. Bernstein cut FedEx from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $321.87.
View Our Latest Stock Analysis on FDX
Insider Buying and Selling at FedEx
In related news, Director Amy B. Lane acquired 333 shares of the firm's stock in a transaction on Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the transaction, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 sale, the director now owns 8,904 shares in the company, valued at approximately $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. Company insiders own 8.87% of the company's stock.
About FedEx
(
Free Report)
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.
Featured Stories
Before you consider FedEx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FedEx wasn't on the list.
While FedEx currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
