Yousif Capital Management LLC Has $9.48 Million Stock Position in FedEx Co. (NYSE:FDX)

Yousif Capital Management LLC cut its stake in shares of FedEx Co. (NYSE:FDX) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,681 shares of the shipping service provider’s stock after selling 496 shares during the quarter. Yousif Capital Management LLC’s holdings in FedEx were worth $9,475,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of FedEx in the third quarter valued at $3,405,000. Czech National Bank lifted its stake in FedEx by 6.4% in the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock valued at $12,564,000 after acquiring an additional 2,767 shares during the last quarter. Wedmont Private Capital grew its position in shares of FedEx by 4.1% in the 4th 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 during the period. Persium Advisors LLC acquired a new position in shares of FedEx during the 4th quarter worth about $530,000. Finally, GFS Advisors LLC bought a new stake in shares of FedEx in the 4th quarter valued at about $26,855,000. 84.47% of the stock is currently owned by institutional investors.

Insider Transactions at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the sale, the chief executive officer now owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares of the company’s stock, valued at $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 owned by insiders.

FedEx Stock Up 0.7 %

Shares of NYSE FDX opened at $252.62 on Thursday. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The stock’s fifty day moving average is $277.43 and its 200 day moving average is $281.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The stock has a market capitalization of $60.84 billion, a P/E ratio of 16.10, a PEG ratio of 1.10 and a beta of 1.18.

FedEx (NYSE:FDX) last issued its earnings results 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. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.99 EPS. Sell-side analysts forecast 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 Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 2.19%. FedEx’s payout ratio is 35.18%.

Analyst Ratings Changes

A number of research firms recently commented on FDX. Loop Capital downgraded FedEx from a “buy” rating to a “hold” rating and lowered their price target for the stock from $365.00 to $283.00 in a research report on Monday. Bank of America boosted their target price on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Stifel Nicolaus cut their price target on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Finally, UBS Group increased their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $321.87.

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.