Moody National Bank Trust Division Sells 65 Shares of FedEx Co. (NYSE:FDX)

Moody National Bank Trust Division cut its stake in shares of FedEx Co. (NYSE:FDX) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,556 shares of the shipping service provider’s stock after selling 65 shares during the quarter. Moody National Bank Trust Division’s holdings in FedEx were worth $1,282,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in FedEx by 2.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 11,539 shares of the shipping service provider’s stock worth $3,460,000 after buying an additional 277 shares during the period. Redwood Wealth Management Group LLC acquired a new position in shares of FedEx during the second quarter worth approximately $93,000. Fairfield Financial Advisors LTD bought a new position in shares of FedEx in the 2nd quarter worth $92,000. Abound Wealth Management grew its position in FedEx by 175.9% in the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after purchasing an additional 95 shares during the period. Finally, Keene & Associates Inc. increased its stake in FedEx by 0.9% during the 2nd quarter. Keene & Associates Inc. now owns 14,375 shares of the shipping service provider’s stock valued at $4,310,000 after purchasing an additional 126 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FDX. UBS Group lifted their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a report on Friday, December 20th. Robert W. Baird decreased their price objective on FedEx from $340.00 to $320.00 and set an “outperform” rating for the company in a report on Friday, September 20th. TD Cowen raised their target price on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a report on Friday, December 20th. Wells Fargo & Company upped their price target on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Finally, Evercore ISI dropped their price objective on FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $325.61.

Insider Activity

In other FedEx news, EVP John W. Dietrich bought 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were 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 directly owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by company insiders.

FedEx Stock Performance

Shares of FDX stock opened at $274.46 on Tuesday. The firm’s 50 day moving average is $283.85 and its 200 day moving average is $284.46. The stock has a market capitalization of $66.10 billion, a P/E ratio of 16.93, a PEG ratio of 1.18 and a beta of 1.20. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same period last year, the company earned $3.99 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, sell-side analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is 35.18%.

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.