Gulf International Bank UK Ltd Has $5.25 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Gulf International Bank UK Ltd lowered its position in shares of FedEx Co. (NYSE:FDX) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,677 shares of the shipping service provider’s stock after selling 202 shares during the quarter. Gulf International Bank UK Ltd’s holdings in FedEx were worth $5,254,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new position in shares of FedEx in the third quarter valued at approximately $31,000. Evermay Wealth Management LLC raised its position in FedEx by 72.7% in the 3rd 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 during the last quarter. First Trust Direct Indexing L.P. boosted its stake in FedEx by 7.4% in the third quarter. First Trust Direct Indexing L.P. now owns 8,320 shares of the shipping service provider’s stock worth $2,277,000 after purchasing an additional 574 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in FedEx by 2,102.2% in the third quarter. JFS Wealth Advisors LLC now owns 2,048 shares of the shipping service provider’s stock worth $560,000 after purchasing an additional 1,955 shares in the last quarter. Finally, Solidarity Wealth LLC grew its holdings in shares of FedEx by 56.6% during the third quarter. Solidarity Wealth LLC now owns 21,123 shares of the shipping service provider’s stock worth $5,800,000 after purchasing an additional 7,632 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Amy B. Lane acquired 333 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John W. Dietrich bought 1,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were purchased at an average price of $273.98 per share, with a total value of $273,980.00. Following the acquisition, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

FedEx Trading Up 1.0 %

FDX opened at $258.62 on Friday. FedEx Co. has a twelve month low of $239.07 and a twelve month high of $313.84. The firm has a market cap of $62.29 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. 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 firm’s fifty day moving average is $269.04 and its two-hundred day moving average is $277.52.

FedEx (NYSE:FDX) last posted 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 return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same period in the previous year, the company posted $3.99 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a dividend of $1.38 per share. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.13%. FedEx’s payout ratio is 35.18%.

Analysts Set New Price Targets

A number of research firms recently issued reports on FDX. Wells Fargo & Company lifted their price target on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Stifel Nicolaus reduced their target price on shares of FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Citigroup boosted their price objective on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, UBS Group increased their price objective on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus target price of $321.87.

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.