FedEx Co. (NYSE:FDX) Shares Sold by Worth Financial Advisory Group LLC

Worth Financial Advisory Group LLC decreased its position in shares of FedEx Co. (NYSE:FDX) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024 shares of the shipping service provider’s stock after selling 42 shares during the period. Worth Financial Advisory Group LLC’s holdings in FedEx were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. Hardin Capital Partners LLC acquired a new position in FedEx during the fourth quarter worth about $211,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in FedEx in the 4th quarter valued at about $506,000. Financial Counselors Inc. boosted its position in shares of FedEx by 1.9% during the 4th quarter. Financial Counselors Inc. now owns 3,872 shares of the shipping service provider’s stock valued at $1,089,000 after purchasing an additional 71 shares in the last quarter. Summitry LLC acquired a new position in shares of FedEx in the 4th quarter worth approximately $204,000. Finally, Modern Wealth Management LLC raised its holdings in shares of FedEx by 4.4% in the 4th quarter. Modern Wealth Management LLC now owns 2,139 shares of the shipping service provider’s stock worth $552,000 after purchasing an additional 91 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FDX shares. JPMorgan Chase & Co. decreased their price target on shares of FedEx from $323.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, March 21st. TD Cowen decreased their target price on FedEx from $337.00 to $310.00 and set a “buy” rating on the stock in a report on Friday, March 21st. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Barclays dropped their price target on FedEx from $365.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, March 21st. Finally, Raymond James reduced their price objective on shares of FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus price target of $300.60.

FedEx Stock Up 1.1 %

FedEx stock opened at $243.78 on Thursday. 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 Co. has a 1-year low of $217.22 and a 1-year high of $313.84. The firm’s fifty day simple moving average is $257.92 and its 200-day simple moving average is $271.55. The company has a market capitalization of $58.72 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $3.86 earnings per share. Sell-side analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.26%. FedEx’s payout ratio is currently 34.63%.

Insider Buying and Selling at FedEx

In other news, EVP John W. Dietrich purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the acquisition, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Corporate 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.