FedEx Co. (NYSE:FDX) Holdings Decreased by Smith Anglin Financial LLC

Smith Anglin Financial LLC lowered its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,428 shares of the shipping service provider's stock after selling 1,027 shares during the period. Smith Anglin Financial LLC's holdings in FedEx were worth $1,246,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after purchasing an additional 52 shares during the last quarter. Evermay Wealth Management LLC grew its position in shares of 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 buying an additional 40 shares in the last quarter. Peoples Financial Services CORP. bought a new stake in shares of FedEx in the fourth quarter worth $28,000. Highline Wealth Partners LLC bought a new position in FedEx during the 3rd quarter valued at $31,000. Finally, FNY Investment Advisers LLC grew its holdings in FedEx by 177.5% during the 4th quarter. FNY Investment Advisers LLC now owns 111 shares of the shipping service provider's stock worth $31,000 after acquiring an additional 71 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

FDX stock traded down $1.00 during trading on Wednesday, hitting $276.62. The company had a trading volume of 951,515 shares, compared to its average volume of 1,383,894. The firm has a market capitalization of $66.62 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 1.18 and a beta of 1.20. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $283.89 and a 200 day moving average of $284.31. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.17. The business had revenue of $22 billion during the quarter, compared to analysts' expectations of $22.14 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business's revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $3.99 earnings per share. As a group, research analysts predict that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 2.00%. FedEx's dividend payout ratio is currently 35.18%.

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of FedEx from $370.00 to $372.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Stephens reduced their target price on FedEx from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Friday, December 20th. Robert W. Baird decreased their target price on FedEx from $340.00 to $320.00 and set an "outperform" rating for the company in a research report on Friday, September 20th. Bernstein Bank raised their price objective on FedEx from $305.00 to $337.00 and gave the stock an "overweight" rating in a research note on Friday, September 20th. Finally, Stifel Nicolaus boosted their target price on shares of FedEx from $321.00 to $368.00 and gave the company a "buy" rating in a research note on Friday, December 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $325.61.

Insiders Place Their Bets

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

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.