FedEx Co. (NYSE:FDX) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC reduced its position in shares of FedEx Co. (NYSE:FDX) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,944 shares of the shipping service provider’s stock after selling 331 shares during the period. Bleakley Financial Group LLC’s holdings in FedEx were worth $3,360,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FDX. YANKCOM Partnership acquired a new position in FedEx in the fourth quarter valued at $886,000. Confluence Wealth Services Inc. increased its stake in shares of FedEx by 8.5% during the 4th quarter. Confluence Wealth Services Inc. now owns 2,727 shares of the shipping service provider’s stock valued at $736,000 after acquiring an additional 213 shares during the last quarter. Lion Street Advisors LLC lifted its holdings in shares of FedEx by 7.4% during the 4th quarter. Lion Street Advisors LLC now owns 2,060 shares of the shipping service provider’s stock worth $579,000 after acquiring an additional 142 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in FedEx by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,156 shares of the shipping service provider’s stock valued at $5,371,000 after purchasing an additional 4,792 shares during the period. Finally, Weaver Capital Management LLC increased its position in FedEx by 14.1% during the fourth quarter. Weaver Capital Management LLC now owns 1,189 shares of the shipping service provider’s stock worth $335,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Up 2.5 %

FedEx stock opened at $258.74 on Friday. The company’s 50-day moving average price is $276.41 and its two-hundred day moving average price is $281.02. The stock has a market cap of $62.32 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.10 and a beta of 1.18. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $3.99 EPS. On average, analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors 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 2.13%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio is presently 35.18%.

Insiders Place Their Bets

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated 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 directly owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Amy B. Lane purchased 333 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the acquisition, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FDX shares. Stifel Nicolaus cut their target price on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets boosted their target price on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Stephens cut their price target on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, Raymond James lifted their target price on shares of FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average price target of $321.87.

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.