FedEx Co. (NYSE:FDX) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. cut its stake in shares of FedEx Co. (NYSE:FDX) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,697 shares of the shipping service provider’s stock after selling 8,347 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in FedEx were worth $33,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FDX. Fortitude Family Office LLC raised 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 valued at $25,000 after purchasing an additional 52 shares during the period. Peoples Financial Services CORP. purchased a new stake in shares of FedEx in the 4th quarter valued at $28,000. City Holding Co. acquired a new position in FedEx during the 4th quarter worth about $28,000. Kentucky Trust Co purchased a new position in FedEx during the 4th quarter valued at about $28,000. Finally, Activest Wealth Management acquired a new position in FedEx in the 4th quarter valued at about $29,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Down 0.9 %

Shares of FedEx stock opened at $241.75 on Monday. The company’s fifty day moving average is $256.59 and its two-hundred day moving average is $270.89. FedEx Co. has a 1 year low of $217.22 and a 1 year high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company has a market capitalization of $57.92 billion, a P/E ratio of 15.41, a PEG ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The company had revenue of $22.16 billion for the quarter, compared to analysts’ expectations of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.86 EPS. Analysts forecast that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is presently 34.63%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FDX shares. Stifel Nicolaus lowered their price objective on shares of FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Stephens dropped their price target on shares of FedEx from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday, March 21st. Truist Financial initiated coverage on FedEx in a research note on Thursday, March 13th. They issued a “buy” rating and a $305.00 price objective on the stock. Bank of America lowered their target price on FedEx from $295.00 to $272.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.71.

Insider Buying and Selling

In other news, EVP John W. Dietrich purchased 1,000 shares of the business’s 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 directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,711 shares of company stock valued at $3,312,693 over the last three months. 8.87% of the stock is currently owned by company insiders.

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.