Radnor Capital Management LLC Sells 1,020 Shares of FedEx Co. (NYSE:FDX)

Radnor Capital Management LLC reduced its stake in FedEx Co. (NYSE:FDXFree Report) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in FedEx by 473.8% during the 3rd quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock worth $2,147,540,000 after purchasing an additional 647,926 shares during the period. Ameriprise Financial Inc. grew its position in shares of FedEx by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock worth $674,336,000 after buying an additional 578,350 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of FedEx by 8.6% during the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock valued at $1,042,050,000 after buying an additional 314,380 shares during the period. World Investment Advisors LLC raised its holdings in shares of FedEx by 2,163.7% in the third quarter. World Investment Advisors LLC now owns 192,441 shares of the shipping service provider’s stock valued at $52,667,000 after acquiring an additional 183,940 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its stake in FedEx by 77.8% in the third quarter. Ceredex Value Advisors LLC now owns 368,107 shares of the shipping service provider’s stock worth $101,022,000 after acquiring an additional 161,022 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Up 1.1 %

FedEx stock opened at $277.63 on Wednesday. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The stock has a 50-day moving average price of $283.89 and a 200 day moving average price of $284.31. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $66.87 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20.

FedEx (NYSE:FDXGet Free Report) last released 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 4.62% and a return on equity of 15.61%. The business had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the prior year, the firm earned $3.99 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. Sell-side analysts anticipate that FedEx Co. will post 19.59 EPS for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.99%. FedEx’s payout ratio is currently 35.18%.

Insider Activity

In other news, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was 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 owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and boosted their price target for the company from $288.00 to $365.00 in a report on Friday, December 20th. HSBC downgraded shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price objective for the company. in a research note on Friday, September 20th. Citigroup lifted 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. Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Finally, TD Cowen lifted their target price on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $325.61.

View Our Latest Report on FDX

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.

Further Reading

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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