Value Partners Investments Inc. Reduces Stock Position in FedEx Co. (NYSE:FDX)

Value Partners Investments Inc. lessened its holdings in FedEx Co. (NYSE:FDX - Free Report) by 91.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,910 shares of the shipping service provider's stock after selling 132,703 shares during the quarter. FedEx comprises approximately 0.1% of Value Partners Investments Inc.'s investment portfolio, making the stock its 20th largest holding. Value Partners Investments Inc.'s holdings in FedEx were worth $3,351,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FDX. Fortitude Family Office LLC lifted its stake in shares of FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after purchasing an additional 52 shares during the period. Peoples Financial Services CORP. purchased a new position in FedEx in the 4th quarter valued at about $28,000. City Holding Co. purchased a new stake in FedEx during the 4th quarter worth approximately $28,000. Kentucky Trust Co acquired a new position in shares of FedEx during the fourth quarter valued at approximately $28,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of FedEx in the fourth quarter valued at approximately $28,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FDX. Wells Fargo & Company decreased their price objective on FedEx from $275.00 to $260.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. Stifel Nicolaus lowered their price target on shares of FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Bank of America decreased their target price on shares of FedEx from $295.00 to $272.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Cfra Research upgraded FedEx to a "hold" rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reduced their price objective on FedEx from $323.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $300.63.

FedEx Price Performance

Shares of NYSE FDX traded up $3.89 during midday trading on Friday, reaching $207.45. 1,106,975 shares of the company traded hands, compared to its average volume of 1,778,814. The firm has a market cap of $49.71 billion, a PE ratio of 13.22, a PEG ratio of 1.11 and a beta of 1.24. FedEx Co. has a 12 month low of $194.30 and a 12 month high of $313.84. The stock's 50-day simple moving average is $239.05 and its 200-day simple moving average is $263.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.86 EPS. As a group, equities analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $1.38 per share. The ex-dividend date was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.66%. FedEx's dividend payout ratio (DPR) is currently 34.63%.

Insider Buying and Selling at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.87% of the company's stock.

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.