Moloney Securities Asset Management LLC reduced its position in shares of FedEx Co. (NYSE:FDX) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,382 shares of the shipping service provider’s stock after selling 269 shares during the period. Moloney Securities Asset Management LLC’s holdings in FedEx were worth $814,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its holdings in FedEx by 28.3% during the 4th quarter. Sei Investments Co. now owns 220,785 shares of the shipping service provider’s stock worth $33,392,000 after purchasing an additional 48,656 shares during the last quarter. Motco lifted its holdings in FedEx by 3.9% during the 4th quarter. Motco now owns 33,007 shares of the shipping service provider’s stock worth $4,991,000 after purchasing an additional 1,237 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in FedEx by 4.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 19,972 shares of the shipping service provider’s stock worth $3,020,000 after purchasing an additional 794 shares during the last quarter. State of Tennessee Treasury Department lifted its holdings in FedEx by 29.5% during the 4th quarter. State of Tennessee Treasury Department now owns 77,151 shares of the shipping service provider’s stock worth $11,666,000 after purchasing an additional 17,590 shares during the last quarter. Finally, Steel Peak Wealth Management LLC acquired a new stake in FedEx during the 4th quarter worth approximately $1,016,000. 69.79% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on FDX. Deutsche Bank lowered FedEx to a “hold” rating and set a $142.00 price objective on the stock. in a research note on Wednesday, December 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a $147.00 price objective on shares of FedEx in a research note on Monday, February 10th. Bank of America raised their price objective on FedEx from $163.00 to $168.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Stephens restated a “buy” rating and set a $180.00 price objective on shares of FedEx in a research note on Friday, February 7th. Finally, Oppenheimer lowered FedEx from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the stock. FedEx currently has an average rating of “Hold” and a consensus price target of $170.20.
In other FedEx news, Director John A. Edwardson purchased 10,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were bought at an average price of $148.22 per share, for a total transaction of $1,482,200.00. Following the purchase, the director now owns 77,966 shares in the company, valued at approximately $11,556,120.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.44% of the company’s stock.
Shares of FDX opened at $158.62 on Friday. FedEx Co. has a 52-week low of $137.78 and a 52-week high of $199.32. The business’s fifty day moving average is $153.99 and its 200-day moving average is $155.81. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.20 and a current ratio of 1.25. The firm has a market cap of $41.42 billion, a price-to-earnings ratio of 755.33, a PEG ratio of 1.24 and a beta of 1.71.
FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, December 17th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.78 by ($0.27). FedEx had a net margin of 0.11% and a return on equity of 19.10%. The business had revenue of $17.32 billion during the quarter, compared to the consensus estimate of $17.69 billion. During the same quarter in the previous year, the business posted $4.03 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts forecast that FedEx Co. will post 10.81 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.64%. FedEx’s payout ratio is 16.75%.
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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