Sicart Associates LLC Sells 2,055 Shares of FedEx Co. (NYSE:FDX)

Sicart Associates LLC lessened its position in FedEx Co. (NYSE:FDX - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,726 shares of the shipping service provider's stock after selling 2,055 shares during the period. FedEx makes up 2.8% of Sicart Associates LLC's portfolio, making the stock its 13th biggest position. Sicart Associates LLC's holdings in FedEx were worth $7,840,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. IVC Wealth Advisors LLC raised its stake in shares of FedEx by 2.0% during the third quarter. IVC Wealth Advisors LLC now owns 1,948 shares of the shipping service provider's stock valued at $533,000 after purchasing an additional 38 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of FedEx by 3.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider's stock worth $360,000 after acquiring an additional 38 shares during the period. Turtle Creek Wealth Advisors LLC boosted its holdings in shares of FedEx by 4.0% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 1,020 shares of the shipping service provider's stock valued at $279,000 after acquiring an additional 39 shares in the last quarter. Buckley Wealth Management LLC increased its stake in shares of FedEx by 1.0% during the third quarter. Buckley Wealth Management LLC now owns 3,975 shares of the shipping service provider's stock valued at $1,088,000 after acquiring an additional 40 shares during the period. Finally, Evermay Wealth Management LLC raised its holdings in FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock worth $26,000 after purchasing an additional 40 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FDX has been the topic of several research analyst reports. Raymond James lifted their price target on FedEx from $305.00 to $320.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Morgan Stanley cut shares of FedEx from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $215.00 to $200.00 in a research report on Friday, September 20th. Susquehanna reduced their price objective on shares of FedEx from $345.00 to $330.00 and set a "positive" rating for the company in a research report on Friday, September 20th. Evercore ISI dropped their target price on shares of FedEx from $335.00 to $318.00 and set an "outperform" rating on the stock in a report on Friday, September 20th. Finally, BMO Capital Markets raised their target price on shares of FedEx from $300.00 to $330.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, FedEx has a consensus rating of "Moderate Buy" and a consensus price target of $325.61.

Insider Activity

In other news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated 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 transaction, the director now owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard W. Smith sold 2,576 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now owns 111,886 shares of the company's stock, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is owned by insiders.

FedEx Stock Down 0.8 %

Shares of NYSE:FDX traded down $2.26 during midday trading on Friday, hitting $275.11. 1,577,458 shares of the stock were exchanged, compared to its average volume of 1,513,014. The company has a market capitalization of $66.26 billion, a PE ratio of 17.53, a P/E/G ratio of 1.12 and a beta of 1.20. FedEx Co. has a 52-week low of $234.45 and a 52-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 business's fifty day simple moving average is $283.70 and its two-hundred day simple moving average is $284.20.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts' consensus estimates of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $3.99 EPS. As a group, research analysts predict that FedEx Co. will post 19.2 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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

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.