FedEx Co. (NYSE:FDX) Shares Sold by Citizens National Bank Trust Department

Citizens National Bank Trust Department trimmed its holdings in shares of FedEx Co. (NYSE:FDX) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,000 shares of the shipping service provider’s stock after selling 180 shares during the period. Citizens National Bank Trust Department’s holdings in FedEx were worth $3,095,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FDX. bLong Financial LLC acquired a new stake in FedEx during the fourth quarter worth about $391,000. Virtu Financial LLC acquired a new stake in shares of FedEx during the 3rd quarter worth approximately $3,405,000. Wedmont Private Capital lifted its holdings in shares of FedEx by 4.1% in the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after purchasing an additional 91 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in FedEx during the 4th quarter valued at approximately $461,000. Finally, GFS Advisors LLC bought a new position in FedEx during the 4th quarter worth $26,855,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Down 0.2 %

FDX stock opened at $267.02 on Thursday. The firm has a market cap of $64.31 billion, a PE ratio of 17.02, a P/E/G ratio of 1.11 and a beta of 1.18. FedEx Co. has a 12 month low of $235.32 and a 12 month high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $271.65 and a 200 day simple moving average of $278.45.

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

FedEx Announces Dividend

The business 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 dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.07%. FedEx’s payout ratio is presently 35.18%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FDX shares. Bank of America raised 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. Barclays boosted their target price on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Raymond James lifted their price target on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, BMO Capital Markets increased their price objective on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $321.87.

Insider Buying and Selling at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the sale, the director now owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

FedEx Company 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.