Moors & Cabot Inc. Sells 69 Shares of FedEx Co. (NYSE:FDX)

Moors & Cabot Inc. lowered its position in shares of FedEx Co. (NYSE:FDX) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,857 shares of the shipping service provider’s stock after selling 69 shares during the quarter. Moors & Cabot Inc.’s holdings in FedEx were worth $522,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its position in shares of FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after purchasing an additional 52 shares in the last quarter. Peoples Financial Services CORP. bought a new position in shares of FedEx during the 4th quarter worth approximately $28,000. City Holding Co. acquired a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. Kentucky Trust Co bought a new stake in shares of FedEx in the 4th quarter valued at $28,000. Finally, Activest Wealth Management acquired a new position in shares of FedEx during the 4th quarter valued at $29,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction that occurred 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 directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy B. Lane bought 333 shares of the stock in a transaction on Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the acquisition, the director now directly owns 333 shares in the company, valued at approximately $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 owned by corporate insiders.

FedEx Trading Up 0.5 %

Shares of FedEx stock opened at $242.27 on Friday. The firm has a market cap of $58.35 billion, a PE ratio of 15.44, a P/E/G ratio of 1.11 and a beta of 1.23. FedEx Co. has a 1 year low of $239.50 and a 1 year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a fifty day moving average price of $263.04 and a 200-day moving average price of $274.51.

FedEx (NYSE:FDX) last posted 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 business had revenue of $22 billion during 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% compared to the same quarter last year. During the same quarter last year, the company posted $3.99 earnings per share. Equities research analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.28%. FedEx’s dividend payout ratio is presently 35.18%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FDX shares. TD Cowen lifted their price target on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. decreased their target price on FedEx from $372.00 to $323.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Bank of America increased their price target on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Wells Fargo & Company reduced their price objective on FedEx from $320.00 to $275.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Finally, Piper Sandler lowered FedEx to a “neutral” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average price target of $318.04.

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.