FedEx Co. (NYSE:FDX) Shares Sold by HCR Wealth Advisors

HCR Wealth Advisors decreased its holdings in FedEx Co. (NYSE:FDX) by 2.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,981 shares of the shipping service provider’s stock after selling 160 shares during the period. HCR Wealth Advisors’ holdings in FedEx were worth $1,683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. grew its position in FedEx by 6.8% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 2,700 shares of the shipping service provider’s stock valued at $759,000 after acquiring an additional 172 shares during the period. Armstrong Advisory Group Inc. lifted its stake in shares of FedEx by 14.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 771 shares of the shipping service provider’s stock valued at $217,000 after purchasing an additional 98 shares in the last quarter. Founders Grove Wealth Partners LLC purchased a new position in shares of FedEx in the 4th quarter valued at $235,000. Richard P Slaughter Associates Inc lifted its holdings in shares of FedEx by 0.5% during the 4th quarter. Richard P Slaughter Associates Inc now owns 8,107 shares of the shipping service provider’s stock valued at $2,281,000 after acquiring an additional 42 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in FedEx by 17.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 535 shares of the shipping service provider’s stock worth $151,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX opened at $276.62 on Thursday. The firm has a market capitalization of $66.62 billion, a PE ratio of 17.06, a P/E/G ratio of 1.18 and a beta of 1.20. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $283.89 and a 200 day moving average price of $284.31. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion for 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 quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.99 earnings per share. On average, sell-side analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 2.00%. FedEx’s dividend payout ratio is currently 35.18%.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of recent analyst reports. Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Hsbc Global Res downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. The Goldman Sachs Group reduced their price target on shares of FedEx from $333.00 to $332.00 in a research report on Friday, September 20th. Finally, Raymond James boosted their price objective on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $325.61.

Insider Buying and Selling

In related news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. 8.87% of the stock is owned by corporate insiders.

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.