Wells Trecaso Financial Group LLC Has $6.26 Million Stake in FedEx Co. (NYSE:FDX)

Wells Trecaso Financial Group LLC cut its stake in FedEx Co. (NYSE:FDX) by 1.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,240 shares of the shipping service provider’s stock after selling 268 shares during the quarter. FedEx makes up approximately 2.0% of Wells Trecaso Financial Group LLC’s investment portfolio, making the stock its 17th largest position. Wells Trecaso Financial Group LLC’s holdings in FedEx were worth $6,257,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FDX. Virtu Financial LLC bought a new stake in FedEx during the 3rd quarter worth about $3,405,000. Czech National Bank lifted its stake in shares of FedEx by 6.4% during the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after buying an additional 2,767 shares during the last quarter. Wedmont Private Capital boosted its holdings in shares of FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after buying an additional 91 shares during the period. Persium Advisors LLC bought a new position in FedEx in the 4th quarter valued at about $530,000. Finally, Magnolia Capital Advisors LLC bought a new position in FedEx in the 2nd quarter valued at about $9,226,000. Institutional investors own 84.47% of the company’s stock.

Insider Activity

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the business’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 transaction, the chief executive officer now directly owns 111,886 shares in the company, valued at $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane bought 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the transaction, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by corporate insiders.

FedEx Stock Performance

Shares of FDX stock opened at $269.75 on Friday. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The firm has a market capitalization of $64.97 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The firm has a fifty day simple moving average of $282.52 and a two-hundred day simple moving average of $283.52. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating 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 company had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the previous year, the firm earned $3.99 earnings per share. FedEx’s quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.05%. FedEx’s payout ratio is presently 35.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FDX. Bank of America increased their target price on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. TD Cowen lifted their target price on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Stephens reduced their target price on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, December 20th. Stifel Nicolaus dropped their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company lifted their price objective on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $325.43.

About FedEx

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.