Signaturefd LLC Cuts Stock Holdings in FedEx Co. (NYSE:FDX)

Signaturefd LLC lowered its holdings in FedEx Co. (NYSE:FDX) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,012 shares of the shipping service provider’s stock after selling 54 shares during the period. Signaturefd LLC’s holdings in FedEx were worth $1,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Cibc World Markets Corp boosted its position in FedEx by 15.5% in the fourth quarter. Cibc World Markets Corp now owns 35,788 shares of the shipping service provider’s stock worth $10,068,000 after purchasing an additional 4,792 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in FedEx by 27.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 773 shares of the shipping service provider’s stock worth $218,000 after purchasing an additional 166 shares during the last quarter. Corient Private Wealth LLC boosted its position in FedEx by 0.3% in the fourth quarter. Corient Private Wealth LLC now owns 120,500 shares of the shipping service provider’s stock worth $33,902,000 after purchasing an additional 404 shares during the last quarter. Choate Investment Advisors purchased a new position in FedEx in the fourth quarter worth $1,127,000. Finally, Natixis Advisors LLC boosted its position in FedEx by 1.9% in the fourth quarter. Natixis Advisors LLC now owns 159,971 shares of the shipping service provider’s stock worth $45,005,000 after purchasing an additional 2,969 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insiders Place Their Bets

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

FedEx Price Performance

FDX opened at $245.58 on Wednesday. The stock has a 50-day moving average price of $261.87 and a 200-day moving average price of $273.48. FedEx Co. has a 12-month low of $239.50 and a 12-month high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $59.15 billion, a P/E ratio of 15.65, a PEG ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.99 EPS. Equities analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Analysts Set New Price Targets

Several analysts have issued reports on FDX shares. TD Cowen boosted their target price on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. UBS Group boosted their target price on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Citigroup lowered their target price on FedEx from $347.00 to $317.00 and set a “buy” rating on the stock in a research note on Tuesday. Bank of America boosted their target price on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $317.48.

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.