FedEx Co. (NYSE:FDX) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its stake in FedEx Co. (NYSE:FDX - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,441 shares of the shipping service provider's stock after selling 1,117 shares during the quarter. Segall Bryant & Hamill LLC's holdings in FedEx were worth $12,221,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Sound Shore Management Inc. CT boosted its stake in shares of FedEx by 12.8% in the fourth quarter. Sound Shore Management Inc. CT now owns 241,475 shares of the shipping service provider's stock worth $67,934,000 after acquiring an additional 27,444 shares during the last quarter. Syntax Research Inc. raised its position in shares of FedEx by 1.2% in the fourth quarter. Syntax Research Inc. now owns 11,936 shares of the shipping service provider's stock valued at $3,358,000 after buying an additional 143 shares during the last quarter. Horrell Capital Management Inc. lifted its stake in shares of FedEx by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,675 shares of the shipping service provider's stock worth $7,504,000 after buying an additional 76 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $2,628,000. Finally, FCA Corp TX acquired a new stake in FedEx during the fourth quarter worth about $120,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Activity at FedEx

In other FedEx news, EVP John W. Dietrich purchased 1,000 shares of the business's stock in a transaction dated Tuesday, January 7th. The shares were bought 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 owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the transaction, the chief executive officer now owns 111,886 shares of the company's stock, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,711 shares of company stock worth $3,312,693 in the last ninety days. 8.87% of the stock is owned by insiders.

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Analyst Ratings Changes

Several equities research analysts recently issued reports on FDX shares. Barclays cut their price objective on FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. Stephens dropped their price objective on FedEx from $320.00 to $300.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. Piper Sandler cut FedEx to a "neutral" rating in a research note on Monday, February 3rd. StockNews.com raised FedEx from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Finally, BMO Capital Markets decreased their target price on FedEx from $330.00 to $275.00 and set a "market perform" rating on the stock in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, FedEx presently has an average rating of "Moderate Buy" and a consensus price target of $302.71.

FedEx Stock Performance

Shares of NYSE FDX traded down $2.17 during midday trading on Friday, hitting $241.75. The company's stock had a trading volume of 1,679,093 shares, compared to its average volume of 1,744,375. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The firm's fifty day moving average price is $256.59 and its 200-day moving average price is $270.89. FedEx Co. has a 1-year low of $217.22 and a 1-year high of $313.84. The firm has a market cap of $57.92 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX - Get Free Report) last announced 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). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same period last year, the business posted $3.86 EPS. The company's revenue for the quarter was up 1.9% on a year-over-year basis. On average, sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.28%. FedEx's dividend payout ratio (DPR) is presently 34.63%.

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.