Radnor Capital Management LLC Decreases Stock Position in FedEx Co. (NYSE:FDX)

Radnor Capital Management LLC cut its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,427 shares of the shipping service provider's stock after selling 1,020 shares during the period. Radnor Capital Management LLC's holdings in FedEx were worth $2,089,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FDX. Virtu Financial LLC purchased a new position in FedEx during the third quarter worth about $3,405,000. Czech National Bank lifted its position in shares of FedEx by 6.4% during the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider's stock worth $12,564,000 after buying an additional 2,767 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of FedEx in the 2nd quarter worth approximately $9,226,000. Persium Advisors LLC bought a new position in shares of FedEx in the fourth quarter valued at approximately $530,000. Finally, Wedmont Private Capital increased its position in shares of FedEx by 4.1% during the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock valued at $631,000 after acquiring an additional 91 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FedEx

In other news, Director Amy B. Lane purchased 333 shares of the stock in a transaction on Thursday, December 26th. The shares were acquired at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the transaction, the director now directly owns 333 shares of the company's stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP John W. Dietrich acquired 1,000 shares of the business's stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the acquisition, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

FDX has been the topic of several research analyst reports. Susquehanna cut their price objective on FedEx from $345.00 to $330.00 and set a "positive" rating on the stock in a research report on Friday, September 20th. Hsbc Global Res downgraded shares of FedEx from a "strong-buy" rating to a "hold" rating in a report on Friday, September 20th. Evercore ISI decreased their price objective on shares of FedEx from $335.00 to $318.00 and set an "outperform" rating for the company in a report on Friday, September 20th. Loop Capital raised shares of FedEx from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $288.00 to $365.00 in a research report on Friday, December 20th. Finally, Stifel Nicolaus increased their target price on shares of FedEx from $321.00 to $368.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and a consensus target price of $325.61.

FedEx Price Performance

NYSE FDX traded down $1.00 on Wednesday, hitting $276.62. The stock had a trading volume of 1,848,007 shares, compared to its average volume of 1,516,401. The firm has a 50-day moving average of $283.89 and a 200-day moving average of $284.31. The company has a market capitalization of $66.62 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $3.99 earnings per share. Equities analysts expect that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Monday, December 9th. FedEx's dividend payout ratio (DPR) is 35.18%.

FedEx 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.