Mesirow Financial Investment Management Inc. Sells 1,045 Shares of FedEx Co. (NYSE:FDX)

Mesirow Financial Investment Management Inc. trimmed its holdings in shares of FedEx Co. (NYSE:FDX) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 135,539 shares of the shipping service provider’s stock after selling 1,045 shares during the quarter. FedEx accounts for 0.8% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 27th biggest holding. Mesirow Financial Investment Management Inc.’s holdings in FedEx were worth $38,132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. bLong Financial LLC bought a new stake in shares of FedEx in the fourth quarter valued at about $391,000. Virtu Financial LLC bought a new stake in shares of FedEx in the third quarter valued at about $3,405,000. Lodestone Wealth Management LLC bought a new stake in shares of FedEx in the fourth quarter valued at about $461,000. Wedmont Private Capital raised its holdings in shares of FedEx by 4.1% in 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 in the last quarter. Finally, GFS Advisors LLC bought a new stake in shares of FedEx in the fourth quarter valued at about $26,855,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Trading Down 0.3 %

FedEx stock opened at $249.67 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a 52 week low of $242.92 and a 52 week high of $313.84. The company has a market capitalization of $60.13 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The stock has a 50-day moving average price of $267.08 and a 200 day moving average price of $276.51.

FedEx (NYSE:FDX) last released its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the previous year, the company posted $3.99 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. Sell-side analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is presently 35.18%.

Insider Buying and Selling at FedEx

In other FedEx news, Director Amy B. Lane bought 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The stock was acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now directly owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on FedEx from $320.00 to $275.00 and set an “equal weight” rating for the company in a report on Thursday. Citigroup lifted their price objective on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Barclays lifted their target price on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. UBS Group lifted their target price on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Stifel Nicolaus cut their target price on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus target price of $317.78.

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.