Bfsg LLC Trims Stake in FedEx Co. (NYSE:FDX)

Bfsg LLC lowered its holdings in FedEx Co. (NYSE:FDX) by 71.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 290 shares of the shipping service provider’s stock after selling 735 shares during the period. Bfsg LLC’s holdings in FedEx were worth $82,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Fortitude Family Office LLC grew its position in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 52 shares in the last quarter. Evermay Wealth Management LLC raised its position in FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Peoples Financial Services CORP. bought a new stake in FedEx during the fourth quarter worth about $28,000. City Holding Co. purchased a new position in shares of FedEx in the 4th quarter worth about $28,000. Finally, Kentucky Trust Co bought a new position in shares of FedEx during the 4th quarter valued at about $28,000. Institutional investors own 84.47% of the company’s stock.

Insider Activity

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the transaction, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane bought 333 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

FedEx Stock Down 0.2 %

Shares of NYSE:FDX opened at $267.02 on Thursday. 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 52-week low of $235.32 and a 52-week high of $313.84. The firm has a market capitalization of $64.31 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.11 and a beta of 1.18. The stock has a 50 day moving average price of $271.65 and a 200-day moving average price of $278.45.

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

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio is 35.18%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FDX shares. UBS Group upped their target price on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Stifel Nicolaus cut their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Loop Capital cut shares of FedEx from a “buy” rating to a “hold” rating and decreased their target price for the stock from $365.00 to $283.00 in a research report on Monday, February 3rd. TD Cowen upped their price target on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Stephens decreased their price objective on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $321.87.

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.