FedEx Co. (NYSE:FDX) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. reduced its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 11.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,790 shares of the shipping service provider's stock after selling 1,321 shares during the period. Weatherly Asset Management L. P.'s holdings in FedEx were worth $2,768,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in FedEx by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider's stock worth $1,281,335,000 after purchasing an additional 67,502 shares in the last quarter. Franklin Resources Inc. raised its holdings in FedEx by 8.6% during the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider's stock worth $1,042,050,000 after purchasing an additional 314,380 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in FedEx by 0.7% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in FedEx by 0.9% in the third 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 in the last quarter. Finally, Sentry LLC increased its holdings in FedEx by 0.4% in the fourth 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 in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Up 1.7 %

Shares of NYSE FDX traded up $4.49 during trading on Friday, hitting $267.61. 725,901 shares of the company traded hands, compared to its average volume of 1,673,416. The firm has a market capitalization of $64.45 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.07 and a beta of 1.18. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $272.65 and a 200-day moving average price of $279.45. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data 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 business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the prior year, the firm posted $3.99 EPS. The business's revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared 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. This represents a $5.52 dividend on an annualized basis and a yield of 2.06%. FedEx's dividend payout ratio (DPR) is 35.18%.

Analysts Set New Price Targets

A number of research analysts have issued reports on FDX shares. JPMorgan Chase & Co. increased their target price on shares of FedEx from $370.00 to $372.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Citigroup increased their target price on shares of FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Sanford C. Bernstein cut shares of FedEx from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $337.00 to $316.00 in a report on Tuesday, December 3rd. Stephens dropped their target price on shares of FedEx from $350.00 to $345.00 and set an "overweight" rating for the company in a report on Friday, December 20th. Finally, Stifel Nicolaus dropped their target price on shares of FedEx from $368.00 to $364.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $321.87.

Insider Buying and Selling at FedEx

In other news, Director Amy B. Lane acquired 333 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now directly owns 333 shares of the company's stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John W. Dietrich acquired 1,000 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now directly owns 9,067 shares of the company's stock, valued at approximately $2,484,176.66. This trade 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 currently owned by corporate insiders.

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.