Groupama Asset Managment trimmed its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 91.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,530 shares of the shipping service provider's stock after selling 17,180 shares during the quarter. Groupama Asset Managment's holdings in FedEx were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Cetera Trust Company N.A boosted its stake in shares of FedEx by 0.5% in the 4th quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider's stock worth $2,230,000 after buying an additional 40 shares during the last quarter. Griffin Asset Management Inc. lifted its holdings in FedEx by 0.4% in the fourth quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider's stock valued at $2,916,000 after acquiring an additional 40 shares during the period. Aviso Financial Inc. lifted its holdings in FedEx by 1.2% in the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock valued at $957,000 after acquiring an additional 40 shares during the period. Richard P Slaughter Associates Inc boosted its position in FedEx by 0.5% in the fourth quarter. Richard P Slaughter Associates Inc now owns 8,107 shares of the shipping service provider's stock worth $2,281,000 after purchasing an additional 42 shares during the last quarter. Finally, WealthPlan Investment Management LLC grew its stake in shares of FedEx by 2.6% during the 4th quarter. WealthPlan Investment Management LLC now owns 1,680 shares of the shipping service provider's stock valued at $473,000 after purchasing an additional 42 shares during the period. 84.47% of the stock is currently owned by institutional investors.
FedEx Price Performance
FDX stock traded down $5.96 during mid-day trading on Friday, reaching $209.90. 3,618,525 shares of the company's stock were exchanged, compared to its average volume of 1,754,835. The company has a market cap of $50.29 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. FedEx Co. has a 12-month low of $203.90 and a 12-month high of $313.84. The stock's 50 day moving average is $252.45 and its 200 day moving average is $268.75. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.
FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (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 analysts' expectations of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.86 EPS. On average, research analysts expect that FedEx Co. will post 19.14 EPS for the current year.
FedEx Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.63%. The ex-dividend date was Monday, March 10th. FedEx's payout ratio is currently 34.63%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on FDX shares. StockNews.com raised shares of FedEx from a "hold" rating to a "buy" rating in a report on Friday, December 20th. Barclays dropped their price target on shares of FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Stifel Nicolaus cut their price objective on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research report on Friday, March 21st. TD Cowen decreased their target price on FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, BMO Capital Markets cut their price target on FedEx from $330.00 to $275.00 and set a "market perform" rating for the company in a 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 issued a strong buy rating to the stock. Based on data from MarketBeat, FedEx presently has a consensus rating of "Moderate Buy" and an average target price of $302.71.
Check Out Our Latest Stock Analysis on FedEx
Insider Buying and Selling
In related news, CEO Richard W. Smith sold 2,576 shares of the business's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares of the company's stock, valued at $30,984,589.98. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,711 shares of company stock worth $3,312,693. Insiders own 8.87% of the company's stock.
About FedEx
(
Free Report)
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.
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