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

Trek Financial LLC lowered its position in shares of FedEx Co. (NYSE:FDX) by 77.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,944 shares of the shipping service provider’s stock after selling 9,996 shares during the quarter. Trek Financial LLC’s holdings in FedEx were worth $828,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peapack Gladstone Financial Corp grew its position in shares of FedEx by 0.4% in the fourth quarter. Peapack Gladstone Financial Corp now owns 56,169 shares of the shipping service provider’s stock valued at $15,801,000 after purchasing an additional 239 shares during the period. Quadrant Capital Group LLC boosted its stake in FedEx by 1.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,664 shares of the shipping service provider’s stock worth $749,000 after buying an additional 50 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in FedEx by 3.6% in the 4th quarter. Russell Investments Group Ltd. now owns 384,292 shares of the shipping service provider’s stock valued at $108,112,000 after buying an additional 13,395 shares during the period. Payden & Rygel increased its stake in shares of FedEx by 806.2% during the 4th quarter. Payden & Rygel now owns 58,900 shares of the shipping service provider’s stock valued at $16,570,000 after acquiring an additional 52,400 shares during the last quarter. Finally, Aviva PLC lifted its holdings in shares of FedEx by 68.7% during the 4th quarter. Aviva PLC now owns 139,538 shares of the shipping service provider’s stock worth $39,256,000 after acquiring an additional 56,803 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Cfra Research raised FedEx to a “hold” rating in a research report on Thursday, March 20th. Stifel Nicolaus lowered their price target on FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Barclays cut their price objective on FedEx from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Finally, BMO Capital Markets decreased their target price on FedEx from $330.00 to $275.00 and set a “market perform” rating for the company in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average target price of $302.71.

FedEx Price Performance

FDX opened at $209.90 on Monday. The company has a market capitalization of $50.29 billion, a P/E ratio of 13.38, a PEG ratio of 1.11 and a beta of 1.24. The company has a 50-day moving average of $252.45 and a 200-day moving average of $268.75. 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 1-year low of $203.17 and a 1-year high of $313.84.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the prior year, the firm earned $3.86 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, March 10th. FedEx’s dividend payout ratio (DPR) is presently 34.63%.

Insiders Place Their Bets

In other FedEx news, EVP John W. Dietrich purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average cost of $273.98 per share, with a total value of $273,980.00. Following the acquisition, the executive vice president now owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard W. Smith sold 2,576 shares of the 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 sale, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,711 shares of company stock valued at $3,312,693 over the last 90 days. 8.87% of the stock is owned by company insiders.

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.