Certuity LLC Sells 182 Shares of FedEx Co. (NYSE:FDX)

Certuity LLC trimmed its stake in FedEx Co. (NYSE:FDX) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,168 shares of the shipping service provider’s stock after selling 182 shares during the quarter. Certuity LLC’s holdings in FedEx were worth $329,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in FedEx during the third quarter worth $97,000. CX Institutional grew its position in shares of FedEx by 7.6% in the 3rd quarter. CX Institutional now owns 2,552 shares of the shipping service provider’s stock valued at $698,000 after acquiring an additional 180 shares during the period. Creative Planning increased its stake in shares of FedEx by 15.7% during the 3rd quarter. Creative Planning now owns 81,696 shares of the shipping service provider’s stock worth $22,237,000 after purchasing an additional 11,081 shares during the last quarter. Swedbank AB raised its holdings in shares of FedEx by 0.4% in the 3rd quarter. Swedbank AB now owns 111,426 shares of the shipping service provider’s stock valued at $30,495,000 after purchasing an additional 403 shares during the period. Finally, Opal Wealth Advisors LLC lifted its stake in FedEx by 12.3% in the 3rd quarter. Opal Wealth Advisors LLC now owns 2,321 shares of the shipping service provider’s stock valued at $635,000 after purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FDX. BMO Capital Markets upped their price objective on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Raymond James increased their price target on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Stephens reduced their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, December 20th. Barclays upped their price objective on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, UBS Group raised their target price on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. One research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $321.87.

FedEx Stock Performance

FDX opened at $262.96 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The firm has a market cap of $63.33 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The business’s fifty day moving average is $273.38 and its 200-day moving average is $279.68.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $3.99 earnings per share. Sell-side analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.10%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is presently 35.18%.

Insiders Place Their Bets

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction 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 approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 that occurred 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 completion of the sale, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

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.