Global Retirement Partners LLC Decreases Holdings in FedEx Co. (NYSE:FDX)

Global Retirement Partners LLC decreased its stake in FedEx Co. (NYSE:FDX) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,673 shares of the shipping service provider’s stock after selling 320 shares during the quarter. Global Retirement Partners LLC’s holdings in FedEx were worth $1,033,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Greenleaf Trust raised its holdings in shares of FedEx by 2.5% during the third quarter. Greenleaf Trust now owns 5,028 shares of the shipping service provider’s stock valued at $1,376,000 after acquiring an additional 122 shares during the last quarter. Grimes & Company Inc. raised its stake in FedEx by 10.2% in the 3rd quarter. Grimes & Company Inc. now owns 963 shares of the shipping service provider’s stock valued at $264,000 after purchasing an additional 89 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in FedEx by 1,289.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 95,929 shares of the shipping service provider’s stock valued at $26,254,000 after purchasing an additional 89,025 shares in the last quarter. Mcdaniel Terry & Co. lifted its holdings in FedEx by 1.0% in the 3rd quarter. Mcdaniel Terry & Co. now owns 118,181 shares of the shipping service provider’s stock valued at $32,344,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Tectonic Advisors LLC grew its holdings in shares of FedEx by 6.8% during the third quarter. Tectonic Advisors LLC now owns 12,262 shares of the shipping service provider’s stock worth $3,356,000 after buying an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 5.4 %

Shares of NYSE FDX opened at $253.97 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $61.17 billion, a PE ratio of 16.19, a PEG ratio of 1.10 and a beta of 1.18. FedEx Co. has a twelve month low of $239.07 and a twelve month high of $313.84. The stock has a fifty day simple moving average of $270.75 and a 200-day simple moving average of $278.18.

FedEx (NYSE:FDX) last released its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate 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%. FedEx’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.99 EPS. On average, equities analysts forecast that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.17%. FedEx’s dividend payout ratio is presently 35.18%.

Wall Street Analyst Weigh In

FDX has been the topic of several research reports. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Raymond James raised their target price on shares of FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Bank of America lifted their price objective on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets upped their target price on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $321.87.

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $276.93, for a total transaction 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. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

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.