FedEx Co. (NYSE:FDX) Holdings Decreased by Trek Financial LLC

Trek Financial LLC lowered its stake in FedEx Co. (NYSE:FDX) by 77.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,944 shares of the shipping service provider’s stock after selling 9,996 shares during the quarter. Trek Financial LLC’s holdings in FedEx were worth $828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FDX. United Bank bought a new position in shares of FedEx in the third quarter valued at approximately $615,000. Janus Henderson Group PLC lifted its position in FedEx by 1.9% in the third quarter. Janus Henderson Group PLC now owns 26,612 shares of the shipping service provider’s stock worth $7,280,000 after purchasing an additional 500 shares during the period. Morse Asset Management Inc bought a new position in FedEx during the 3rd quarter valued at $465,000. Quantinno Capital Management LP increased its position in shares of FedEx by 28.7% during the 3rd quarter. Quantinno Capital Management LP now owns 14,567 shares of the shipping service provider’s stock valued at $3,987,000 after purchasing an additional 3,246 shares during the period. Finally, EP Wealth Advisors LLC raised its stake in shares of FedEx by 153.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 9,721 shares of the shipping service provider’s stock worth $2,660,000 after buying an additional 5,892 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

FDX has been the subject of several research reports. Bank of America decreased their target price on FedEx from $295.00 to $272.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Loop Capital cut shares of FedEx from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $283.00 to $221.00 in a research note on Friday, March 21st. TD Cowen dropped their target price on shares of FedEx from $337.00 to $310.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Wells Fargo & Company reduced their target price on shares of FedEx from $275.00 to $260.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Finally, Stephens dropped their price target on FedEx from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.71.

FedEx Stock Performance

Shares of NYSE FDX opened at $209.90 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a one year low of $203.17 and a one year high of $313.84. The business’s 50-day moving average price is $252.45 and its two-hundred day moving average price is $268.75. The company has a market capitalization of $50.29 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). The firm had revenue of $22.16 billion during 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%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.86 EPS. Analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $1.38 per share. The ex-dividend date was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.63%. FedEx’s dividend payout ratio is currently 34.63%.

Insider Activity at FedEx

In other news, EVP John W. Dietrich bought 1,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,711 shares of company stock valued at $3,312,693. Insiders own 8.87% of the company’s stock.

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.