OneDigital Investment Advisors LLC Sells 2,363 Shares of FedEx Co. (NYSE:FDX)

OneDigital Investment Advisors LLC cut its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 40.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,537 shares of the shipping service provider's stock after selling 2,363 shares during the quarter. OneDigital Investment Advisors LLC's holdings in FedEx were worth $995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in FedEx during the 4th quarter worth $807,352,000. Raymond James Financial Inc. acquired a new position in FedEx during the 4th quarter valued at about $234,028,000. Dodge & Cox increased its stake in FedEx by 5.6% during the 4th quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock valued at $3,907,568,000 after buying an additional 734,268 shares during the period. Capital Research Global Investors acquired a new position in shares of FedEx in the 4th quarter worth approximately $145,733,000. Finally, ACR Alpine Capital Research LLC grew its stake in shares of FedEx by 62.9% in the 4th quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider's stock worth $239,909,000 after purchasing an additional 329,170 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FDX has been the topic of several recent research reports. Truist Financial lowered their price objective on shares of FedEx from $305.00 to $275.00 and set a "buy" rating on the stock in a research note on Thursday. Stifel Nicolaus decreased their target price on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a report on Friday, March 21st. Cfra Research upgraded shares of FedEx to a "hold" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. decreased their price target on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, March 21st. Finally, BNP Paribas upgraded shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $297.71.

FedEx Stock Performance

Shares of NYSE:FDX traded down $0.08 during midday trading on Monday, hitting $211.48. The company's stock had a trading volume of 1,360,796 shares, compared to its average volume of 1,778,336. The stock has a market capitalization of $50.67 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.11 and a beta of 1.24. The stock's 50 day simple moving average is $232.36 and its 200 day simple moving average is $261.42. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. 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 issued its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). The business had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. 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 posted $3.86 earnings per share. As a group, research analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, March 10th. FedEx's payout ratio is presently 34.63%.

Insider Activity at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.87% of the stock is owned by corporate 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.