Pacific Global Investment Management Co. Has $208,000 Stake in FedEx Co. (NYSE:FDX)

Pacific Global Investment Management Co. decreased its stake in shares of 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 & Exchange Commission. The institutional investor owned 739 shares of the shipping service provider's stock after selling 8,286 shares during the period. Pacific Global Investment Management Co.'s holdings in FedEx were worth $208,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC lifted its position in shares of FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after purchasing an additional 52 shares in the last quarter. Peoples Financial Services CORP. acquired a new position in FedEx during the 4th quarter worth $28,000. City Holding Co. bought a new position in FedEx in the 4th quarter valued at $28,000. Kentucky Trust Co bought a new position in FedEx in the 4th quarter valued at $28,000. Finally, Activest Wealth Management acquired a new stake in shares of FedEx in the 4th quarter valued at $29,000. Institutional investors own 84.47% of the company's stock.

Insider Buying and Selling

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, the chief executive officer now owns 111,886 shares in the company, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Susan C. Schwab sold 3,980 shares of the company's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now directly owns 8,904 shares of the company's stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by insiders.

FedEx Stock Up 1.1 %

FDX stock traded up $2.70 during midday trading on Wednesday, hitting $250.44. The company's stock had a trading volume of 90,610 shares, compared to its average volume of 1,627,575. The company's fifty day moving average price is $268.09 and its 200 day moving average price is $276.88. FedEx Co. has a twelve month low of $242.92 and a twelve month high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $60.32 billion, a P/E ratio of 15.97, a PEG ratio of 1.11 and a beta of 1.18.

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

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, March 10th. FedEx's dividend payout ratio is presently 35.18%.

Analyst Ratings Changes

Several brokerages have recently issued reports on FDX. Citigroup raised their price target on FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. TD Cowen upped their target price on shares of FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Stephens lowered their price target on shares of FedEx from $350.00 to $345.00 and set an "overweight" rating for the company in a research report on Friday, December 20th. Sanford C. Bernstein lowered shares of FedEx from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $337.00 to $316.00 in a report on Tuesday, December 3rd. Finally, StockNews.com raised shares of FedEx from a "hold" rating to a "buy" rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, FedEx presently has an average rating of "Moderate Buy" and a consensus price target of $319.74.

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.