Watts Gwilliam & Co. LLC Lowers Stake in FedEx Co. (NYSE:FDX)

Watts Gwilliam & Co. LLC decreased its position in FedEx Co. (NYSE:FDX) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,534 shares of the shipping service provider’s stock after selling 246 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in FedEx were worth $1,247,000 as of its most recent SEC filing.

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

Insider Activity at FedEx

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

Analysts Set New Price Targets

FDX has been the topic of a number of recent research reports. Loop Capital raised FedEx from a “hold” rating to a “buy” rating and upped their price objective for the stock from $288.00 to $365.00 in a research report on Friday, December 20th. Robert W. Baird lowered their target price on FedEx from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. JPMorgan Chase & Co. increased their price target on FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group lowered their price objective on FedEx from $333.00 to $332.00 in a research report on Friday, September 20th. Finally, Morgan Stanley cut shares of FedEx from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $215.00 to $200.00 in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $325.61.

FedEx Price Performance

Shares of NYSE FDX opened at $274.62 on Friday. The stock has a market cap of $66.14 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.18 and a beta of 1.20. The stock has a 50 day moving average of $283.86 and a two-hundred day moving average of $284.40. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. FedEx Co. has a twelve month low of $234.45 and a twelve month 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. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $3.99 EPS. On average, research analysts forecast that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were given a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.01%. FedEx’s payout ratio is currently 35.18%.

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.