FedEx Co. (NYSE:FDX) Shares Sold by Focused Investors LLC

Focused Investors LLC trimmed its position in shares of FedEx Co. (NYSE:FDX) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 494,600 shares of the shipping service provider’s stock after selling 4,200 shares during the quarter. FedEx accounts for 4.4% of Focused Investors LLC’s investment portfolio, making the stock its 10th largest holding. Focused Investors LLC’s holdings in FedEx were worth $139,146,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fortitude Family Office LLC raised its holdings in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares during the last quarter. Peoples Financial Services CORP. bought a new position in FedEx in the 4th quarter valued at about $28,000. City Holding Co. bought a new stake in FedEx during the 4th quarter worth approximately $28,000. Kentucky Trust Co purchased a new stake in shares of FedEx in the fourth quarter worth approximately $28,000. Finally, Activest Wealth Management bought a new position in shares of FedEx in the fourth quarter valued at approximately $29,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Down 6.5 %

NYSE:FDX opened at $230.25 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm has a market cap of $55.46 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The company has a 50-day moving average of $259.95 and a 200 day moving average of $272.49. FedEx Co. has a 1-year low of $217.22 and a 1-year high of $313.84.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.86 earnings per share. As a group, research analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s payout ratio is currently 35.18%.

Insider Buying and Selling at FedEx

In other FedEx news, Director Amy B. Lane purchased 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, with a total value 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. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by insiders.

Analysts Set New Price Targets

FDX has been the subject of a number of analyst reports. Raymond James lowered their price target on FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a research report on Friday. Bank of America dropped their price target on shares of FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a research report on Friday. TD Cowen reduced their price objective on shares of FedEx from $337.00 to $310.00 and set a “buy” rating for the company in a research report on Friday. Barclays dropped their target price on shares of FedEx from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, BMO Capital Markets reduced their target price on FedEx from $330.00 to $275.00 and set a “market perform” rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $301.67.

FedEx Company 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.