Valeo Financial Advisors LLC Cuts Holdings in FedEx Co. (NYSE:FDX)

Valeo Financial Advisors LLC reduced its stake in shares of FedEx Co. (NYSE:FDX) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,349 shares of the shipping service provider’s stock after selling 587 shares during the period. Valeo Financial Advisors LLC’s holdings in FedEx were worth $3,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FDX. Exchange Traded Concepts LLC acquired a new position in FedEx during the third quarter valued at $97,000. Creative Planning lifted its position in FedEx by 15.7% during the third quarter. Creative Planning now owns 81,696 shares of the shipping service provider’s stock valued at $22,237,000 after purchasing an additional 11,081 shares during the period. Sumitomo Life Insurance Co. lifted its position in FedEx by 4.3% during the third quarter. Sumitomo Life Insurance Co. now owns 2,901 shares of the shipping service provider’s stock valued at $794,000 after purchasing an additional 120 shares during the period. Vontobel Holding Ltd. lifted its position in FedEx by 1.8% during the third quarter. Vontobel Holding Ltd. now owns 28,799 shares of the shipping service provider’s stock valued at $7,882,000 after purchasing an additional 511 shares during the period. Finally, Bfsg LLC lifted its position in FedEx by 34.2% during the third quarter. Bfsg LLC now owns 1,025 shares of the shipping service provider’s stock valued at $281,000 after purchasing an additional 261 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of research reports. Stephens cut their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. Loop Capital cut shares of FedEx from a “buy” rating to a “hold” rating and cut their price objective for the company from $365.00 to $283.00 in a report on Monday, February 3rd. UBS Group lifted their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. lifted their price objective on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, BMO Capital Markets boosted their target price on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $321.87.

FedEx Stock Performance

Shares of FDX stock opened at $267.83 on Friday. The firm’s 50 day moving average price is $272.65 and its 200-day moving average price is $279.45. 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 one year low of $234.45 and a one year high of $313.84. The firm has a market cap of $64.51 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.07 and a beta of 1.18.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the prior year, the firm earned $3.99 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities research analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.06%. FedEx’s dividend payout ratio is presently 35.18%.

Insider Buying and Selling at FedEx

In related news, Director Amy B. Lane bought 333 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

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.