Country Club Bank Reduces Stock Holdings in FedEx Co. (NYSE:FDX)

Country Club Bank decreased its position in FedEx Co. (NYSE:FDX) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,809 shares of the shipping service provider’s stock after selling 380 shares during the period. Country Club Bank’s holdings in FedEx were worth $8,924,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in shares of FedEx by 473.8% in the third quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock worth $2,147,540,000 after acquiring an additional 647,926 shares during the period. Franklin Resources Inc. boosted its holdings in shares of FedEx by 8.6% in the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock worth $1,042,050,000 after acquiring an additional 314,380 shares during the period. KBC Group NV boosted its holdings in shares of FedEx by 197.4% in the fourth quarter. KBC Group NV now owns 341,390 shares of the shipping service provider’s stock worth $96,043,000 after acquiring an additional 226,608 shares during the period. World Investment Advisors LLC boosted its holdings in shares of FedEx by 2,163.7% in the third quarter. World Investment Advisors LLC now owns 192,441 shares of the shipping service provider’s stock worth $52,667,000 after acquiring an additional 183,940 shares during the period. Finally, Empirical Asset Management LLC bought a new position in shares of FedEx in the fourth quarter worth $49,445,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 1.5 %

FDX opened at $251.08 on Wednesday. The company has a market cap of $60.47 billion, a P/E ratio of 16.00, a P/E/G ratio of 1.10 and a beta of 1.18. The business’s 50-day moving average price is $278.47 and its 200-day moving average price is $281.61. 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 12 month low of $234.45 and a 12 month high of $313.84.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping 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 firm had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the previous year, the business earned $3.99 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.20%. FedEx’s dividend payout ratio is presently 35.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FDX. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Stephens dropped their price objective on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. Raymond James lifted their price objective on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Citigroup lifted their price objective on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their price objective on FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. One investment 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

Insider Activity at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy B. Lane acquired 333 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the transaction, the director now owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by company insiders.

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.