TBH Global Asset Management LLC Sells 100 Shares of FedEx Co. (NYSE:FDX)

TBH Global Asset Management LLC lessened its stake in shares of FedEx Co. (NYSE:FDX) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,888 shares of the shipping service provider’s stock after selling 100 shares during the period. TBH Global Asset Management LLC’s holdings in FedEx were worth $1,375,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. bLong Financial LLC bought a new position in shares of FedEx during the 4th quarter valued at approximately $391,000. Virtu Financial LLC bought a new position in shares of FedEx in the third quarter worth approximately $3,405,000. Wedmont Private Capital increased its stake 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 worth $631,000 after purchasing an additional 91 shares in the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of FedEx during the 4th quarter valued at $461,000. Finally, GFS Advisors LLC purchased a new position in shares of FedEx during the 4th quarter valued at $26,855,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Down 0.2 %

Shares of NYSE:FDX opened at $267.02 on Thursday. 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 business has a 50 day simple moving average of $271.65 and a two-hundred day simple moving average of $278.45. FedEx Co. has a 1 year low of $235.32 and a 1 year high of $313.84. The firm has a market capitalization of $64.31 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18.

FedEx (NYSE:FDX) last announced 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 return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the prior year, the company posted $3.99 EPS. FedEx’s quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.07%. FedEx’s dividend payout ratio (DPR) is 35.18%.

Insiders Place Their Bets

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the company’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 in the company, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John W. Dietrich purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FDX shares. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Stifel Nicolaus cut their target price on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. BMO Capital Markets lifted their target price on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Raymond James boosted their target price on shares of FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

About FedEx

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.