FedEx Co. (NYSE:FDX) Shares Sold by PFG Investments LLC

PFG Investments LLC trimmed its position in FedEx Co. (NYSE:FDX) by 22.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,948 shares of the shipping service provider’s stock after selling 1,136 shares during the quarter. PFG Investments LLC’s holdings in FedEx were worth $1,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning boosted its holdings in shares of FedEx by 3.8% during the second quarter. Creative Planning now owns 70,615 shares of the shipping service provider’s stock worth $21,173,000 after purchasing an additional 2,563 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of FedEx by 7.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 34,330 shares of the shipping service provider’s stock valued at $10,298,000 after purchasing an additional 2,265 shares during the period. Sunbelt Securities Inc. raised its position in shares of FedEx by 19.5% in the second quarter. Sunbelt Securities Inc. now owns 686 shares of the shipping service provider’s stock valued at $206,000 after purchasing an additional 112 shares during the period. Regal Investment Advisors LLC raised its position in shares of FedEx by 26.2% in the second quarter. Regal Investment Advisors LLC now owns 1,950 shares of the shipping service provider’s stock valued at $585,000 after purchasing an additional 405 shares during the period. Finally, Kimelman & Baird LLC bought a new position in shares of FedEx in the second quarter valued at approximately $126,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Down 1.0 %

Shares of NYSE FDX opened at $278.78 on Wednesday. The firm’s 50-day simple moving average is $281.37 and its 200 day simple moving average is $283.01. The company has a market cap of $67.14 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84.

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, topping the consensus estimate of $3.88 by $0.17. The business 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 firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.99 EPS. On average, research analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 1.98%. FedEx’s dividend payout ratio is currently 35.18%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Citigroup boosted their target price on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. 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 research report on Friday, December 20th. Finally, UBS Group boosted their target price on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.43.

Insiders Place Their Bets

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was 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 directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Amy B. Lane acquired 333 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company 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.