Yousif Capital Management LLC Has $9.30 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Yousif Capital Management LLC cut its stake in shares of FedEx Co. (NYSE:FDX) by 6.1% during the fourth quarter, Holdings Channel reports. The firm owned 36,757 shares of the shipping service provider’s stock after selling 2,379 shares during the quarter. Yousif Capital Management LLC’s holdings in FedEx were worth $9,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. KRS Capital Management LLC raised its holdings in FedEx by 4.1% during the 4th quarter. KRS Capital Management LLC now owns 1,041 shares of the shipping service provider’s stock worth $263,000 after buying an additional 41 shares during the period. Zullo Investment Group Inc. raised its holdings in shares of FedEx by 0.7% during the fourth quarter. Zullo Investment Group Inc. now owns 5,721 shares of the shipping service provider’s stock valued at $1,447,000 after acquiring an additional 42 shares during the period. Toth Financial Advisory Corp raised its holdings in shares of FedEx by 18.0% during the fourth quarter. Toth Financial Advisory Corp now owns 288 shares of the shipping service provider’s stock valued at $73,000 after acquiring an additional 44 shares during the period. SVB Wealth LLC raised its holdings in shares of FedEx by 2.5% during the fourth quarter. SVB Wealth LLC now owns 1,801 shares of the shipping service provider’s stock valued at $456,000 after acquiring an additional 44 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in FedEx by 42.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the shipping service provider’s stock valued at $40,000 after purchasing an additional 45 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Performance

NYSE:FDX opened at $264.50 on Thursday. FedEx Co. has a 1 year low of $213.80 and a 1 year high of $291.27. The firm’s fifty day simple moving average is $261.03 and its 200 day simple moving average is $254.36. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $65.09 billion, a PE ratio of 15.35, a PEG ratio of 1.28 and a beta of 1.21.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.37. The company had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.95 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $3.41 earnings per share. On average, sell-side analysts anticipate that FedEx Co. will post 17.67 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, March 8th. FedEx’s dividend payout ratio (DPR) is currently 29.07%.

FedEx declared that its Board of Directors has approved a share repurchase program on Thursday, March 21st that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the shipping service provider to buy up to 7.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

FDX has been the topic of several recent analyst reports. StockNews.com downgraded shares of FedEx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 11th. UBS Group upped their price target on FedEx from $323.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Robert W. Baird upped their target price on FedEx from $315.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. BNP Paribas reiterated an “underperform” rating and issued a $250.00 target price on shares of FedEx in a report on Wednesday, March 27th. Finally, Stifel Nicolaus dropped their price objective on shares of FedEx from $306.00 to $303.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $301.33.

Insider Transactions at FedEx

In other news, CEO Sriram Krishnasamy sold 354 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $289.19, for a total value of $102,373.26. Following the sale, the chief executive officer now owns 11,147 shares in the company, valued at $3,223,600.93. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Sriram Krishnasamy sold 354 shares of FedEx stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $289.19, for a total transaction of $102,373.26. Following the sale, the chief executive officer now directly owns 11,147 shares of the company’s stock, valued at $3,223,600.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Frederick W. Smith sold 113,400 shares of FedEx stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value of $31,105,620.00. Following the sale, the chairman now directly owns 14,505,844 shares in the company, valued at approximately $3,978,953,009.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,668 shares of company stock worth $37,758,773. Insiders own 8.73% of the company’s stock.

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.