PFG Investments LLC Sells 1,136 Shares of FedEx Co. (NYSE:FDX)

PFG Investments LLC reduced its holdings in FedEx Co. (NYSE:FDX - Free Report) by 22.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,948 shares of the shipping service provider's stock after selling 1,136 shares during the quarter. PFG Investments LLC's holdings in FedEx were worth $1,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FDX. IVC Wealth Advisors LLC increased its holdings in FedEx by 2.0% during the 3rd quarter. IVC Wealth Advisors LLC now owns 1,948 shares of the shipping service provider's stock worth $533,000 after purchasing an additional 38 shares in the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of FedEx by 3.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider's stock valued at $360,000 after acquiring an additional 38 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its holdings in shares of FedEx by 4.0% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,020 shares of the shipping service provider's stock valued at $279,000 after acquiring an additional 39 shares in the last quarter. Buckley Wealth Management LLC grew its holdings in shares of FedEx by 1.0% in the 3rd quarter. Buckley Wealth Management LLC now owns 3,975 shares of the shipping service provider's stock valued at $1,088,000 after acquiring an additional 40 shares in the last quarter. Finally, Evermay Wealth Management LLC grew its holdings in shares of FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock valued at $26,000 after acquiring an additional 40 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of NYSE FDX traded down $4.28 during midday trading on Friday, reaching $264.96. The company's stock had a trading volume of 2,340,922 shares, compared to its average volume of 1,601,761. 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 Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The business's 50 day moving average price is $280.32 and its two-hundred day moving average price is $282.72. The company has a market cap of $63.82 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.14 and a beta of 1.20.

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 the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. 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 previous year, the business earned $3.99 earnings per share. The company's revenue was down .7% on a year-over-year basis. On average, analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 2.08%. FedEx's dividend payout ratio is currently 35.18%.

Insider Buying and Selling at FedEx

In related news, EVP John W. Dietrich bought 1,000 shares of the firm's stock in a transaction on Tuesday, January 7th. The shares were purchased at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the purchase, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This represents a 12.40 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, 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 sale, the chief executive officer now directly owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FDX. Loop Capital upgraded FedEx from a "hold" rating to a "buy" rating and raised their price objective for the company from $288.00 to $365.00 in a report on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on FedEx from $370.00 to $372.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Barclays raised their price objective on FedEx from $350.00 to $365.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. BNP Paribas upgraded FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Finally, StockNews.com upgraded FedEx from a "hold" rating to a "buy" rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.