FedEx Co. (NYSE:FDX) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA lowered its stake in shares of FedEx Co. (NYSE:FDX) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 45,888 shares of the shipping service provider’s stock after selling 101 shares during the quarter. FedEx accounts for about 1.3% of Jacobs & Co. CA’s holdings, making the stock its 25th biggest holding. Jacobs & Co. CA’s holdings in FedEx were worth $12,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC lifted its stake in FedEx by 7.5% during the 2nd quarter. Acadian Asset Management LLC now owns 7,268 shares of the shipping service provider’s stock valued at $2,177,000 after acquiring an additional 505 shares during the period. Royal London Asset Management Ltd. grew its position in FedEx by 1.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 89,827 shares of the shipping service provider’s stock worth $26,934,000 after purchasing an additional 1,255 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of FedEx by 7.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 25,487 shares of the shipping service provider’s stock valued at $7,642,000 after buying an additional 1,849 shares during the period. Angeles Wealth Management LLC purchased a new stake in shares of FedEx in the second quarter worth about $323,000. Finally, LPL Financial LLC raised its position in FedEx by 3.3% during the second quarter. LPL Financial LLC now owns 286,295 shares of the shipping service provider’s stock valued at $85,843,000 after acquiring an additional 9,234 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on FDX. Hsbc Global Res lowered shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Stephens reduced their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. JPMorgan Chase & Co. boosted their price objective on FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday. Bernstein Bank lifted their price objective on FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Finally, UBS Group increased their target price on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.61.

Insider Activity

In other news, EVP John W. Dietrich acquired 1,000 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the acquisition, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amy B. Lane purchased 333 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was purchased at an average price of $276.06 per share, with a total value of $91,927.98. Following the transaction, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

FedEx Stock Performance

Shares of FedEx stock traded down $2.35 on Friday, hitting $272.55. The stock had a trading volume of 801,712 shares, compared to its average volume of 1,395,850. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock has a market cap of $65.64 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.18 and a beta of 1.20. The company’s 50 day moving average price is $283.86 and its 200 day moving average price is $284.40. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same period last year, the firm earned $3.99 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts anticipate that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

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.