FedEx Co. (NYSE:FDX) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its position in FedEx Co. (NYSE:FDX - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,984 shares of the shipping service provider's stock after selling 2,100 shares during the quarter. Fifth Third Bancorp's holdings in FedEx were worth $18,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDX. Virtu Financial LLC acquired a new position in FedEx during the 3rd quarter worth about $3,405,000. Czech National Bank lifted its position in shares of FedEx by 6.4% during the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider's stock worth $12,564,000 after purchasing an additional 2,767 shares in the last quarter. Wedmont Private Capital increased its stake in FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock worth $631,000 after buying an additional 91 shares during the period. Persium Advisors LLC purchased a new stake in shares of FedEx during the fourth quarter worth $530,000. Finally, Magnolia Capital Advisors LLC acquired a new position in FedEx during the 2nd quarter worth $9,226,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares in the company, valued at $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 available at this link. Also, Director Amy B. Lane bought 333 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was 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 $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company's stock.

FedEx Price Performance

Shares of FDX traded up $3.09 during trading hours on Friday, reaching $273.12. 1,544,520 shares of the company traded hands, compared to its average volume of 1,314,363. The stock has a market capitalization of $65.78 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The stock has a fifty day simple moving average of $281.64 and a 200 day simple moving average of $283.20. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.17. The company had revenue of $22 billion for the quarter, compared to analysts' expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $3.99 EPS. As a group, research analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 2.02%. FedEx's dividend payout ratio (DPR) is presently 35.18%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FDX. Stifel Nicolaus decreased their price objective on FedEx from $368.00 to $364.00 and set a "buy" rating for the company in a research note on Thursday. Wells Fargo & Company raised their price objective on shares of FedEx from $305.00 to $320.00 and gave the company an "equal weight" rating in a report on Friday, December 20th. UBS Group upped their price target on FedEx from $311.00 to $350.00 and gave the company a "buy" rating in a report on Friday, December 20th. BNP Paribas raised FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Finally, Barclays lifted their price target on FedEx from $350.00 to $365.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $325.43.

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.