Boston Family Office LLC Decreases Stock Position in FedEx Co. (NYSE:FDX)

Boston Family Office LLC lessened its stake in shares of FedEx Co. (NYSE:FDX) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,264 shares of the shipping service provider’s stock after selling 201 shares during the quarter. Boston Family Office LLC’s holdings in FedEx were worth $2,325,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in shares of FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares during the last quarter. Peoples Financial Services CORP. purchased a new position in FedEx in the 4th quarter valued at about $28,000. City Holding Co. acquired a new stake in FedEx during the 4th quarter valued at approximately $28,000. Kentucky Trust Co bought a new stake in shares of FedEx in the fourth quarter worth $28,000. Finally, Activest Wealth Management bought a new stake in shares of FedEx in the 4th quarter worth about $29,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John W. Dietrich acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the purchase, the executive vice president now owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 12,711 shares of company stock worth $3,312,693. 8.87% of the stock is currently owned by company insiders.

FedEx Stock Up 1.0 %

Shares of NYSE:FDX opened at $244.07 on Tuesday. FedEx Co. has a 52-week low of $217.22 and a 52-week high of $313.84. The company has a market capitalization of $58.48 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. 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 fifty day moving average of $255.97 and a 200-day moving average of $270.59.

FedEx (NYSE:FDX) last issued its 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). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same period in the previous year, the company earned $3.86 EPS. FedEx’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts predict 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 issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is 34.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Cfra Research raised shares of FedEx to a “hold” rating in a report on Thursday, March 20th. Citigroup dropped their price target on shares of FedEx from $347.00 to $317.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Truist Financial started coverage on FedEx in a report on Thursday, March 13th. They issued a “buy” rating and a $305.00 price objective for the company. BMO Capital Markets reduced their target price on shares of FedEx from $330.00 to $275.00 and set a “market perform” rating for the company in a report on Friday, March 21st. Finally, Stifel Nicolaus dropped their price target on FedEx from $364.00 to $354.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Two 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $302.71.

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.