1 week Ago By ABMN Staff
Wellington Management Group LLP cut its position in shares of FedEx Co. ( NYSE:FDX – Free Report ) by 42.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 12,142 shares of the shipping service provider’s stock after selling 8,920 shares during the quarter. Wellington Management Group LLP’s holdings in FedEx were worth $3,416,000 at the end of the most recent quarter. A number of other institutional investors have also modified their holdings of the company.
Fortitude Family Office LLC grew its stake in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 52 shares during the period.
Peoples Financial Services CORP. acquired a new position in FedEx in the fourth quarter valued at $28,000. City Holding Co.
purchased a new position in FedEx during the fourth quarter worth about $28,000. Kentucky Trust Co acquired a new position in shares of FedEx during the 4th quarter valued at about $28,000. Finally, Activest Wealth Management purchased a new position in shares of FedEx during the 4th quarter worth about $29,000.
Institutional investors and hedge funds own 84.47% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts recently commented on the stock.
Stifel Nicolaus dropped their price target on shares of FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a research report on Friday, March 21st.
UBS Group cut their target price on FedEx from $350.00 to $331.00 and set a “buy” rating on the stock in a research report on Friday, March 21st.
Wells Fargo & Company reduced their target price on FedEx from $275.00 to $260.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st.
Stephens cut 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.
Finally, BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $300.
63. Insider Buying and Selling at FedEx In related news, COO John Alan Smith sold 6,155 shares of the 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 sale, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.
85. This represents a 20.86 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated Tuesday, January 14th.
The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00.
Following the completion of the transaction, the director now directly owns 8,904 shares in the company, 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 Price Performance FDX stock opened at $207.46 on Friday.
The company has a market capitalization of $49.71 billion, a PE ratio of 13.22, a P/E/G ratio of 1.
11 and a beta of 1.24. The company has a quick ratio of 1.
19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.
The stock’s 50 day moving average is $244.07 and its two-hundred day moving average is $265.74.
FedEx Co. has a 52-week low of $194.30 and a 52-week high of $313.
84. FedEx ( NYSE:FDX – Get Free Report ) last posted 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 company 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 was up 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $3.
86 earnings per share. Analysts predict that FedEx Co. will post 19.
14 earnings per share for the current fiscal year. FedEx Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $1.
38 dividend. This represents a $5.52 annualized dividend and a yield of 2.
66%. The ex-dividend date of this dividend was Monday, March 10th. FedEx’s dividend payout ratio is currently 34.
63%. FedEx Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co.
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