FedEx Co. (NYSE:FDX) Shares Sold by Investment Advisory Services Inc. TX ADV

Investment Advisory Services Inc. TX ADV trimmed its holdings in FedEx Co. (NYSE:FDX) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,161 shares of the shipping service provider’s stock after selling 40 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in FedEx were worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FDX. Thompson Investment Management Inc. raised its holdings in FedEx by 2.1% in the 4th quarter. Thompson Investment Management Inc. now owns 20,394 shares of the shipping service provider’s stock valued at $5,737,000 after acquiring an additional 410 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of FedEx by 8.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 11,231 shares of the shipping service provider’s stock valued at $3,160,000 after purchasing an additional 859 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in FedEx by 8.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,261 shares of the shipping service provider’s stock worth $917,000 after buying an additional 247 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its stake in FedEx by 0.9% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 11,197 shares of the shipping service provider’s stock worth $3,150,000 after buying an additional 102 shares during the last quarter. Finally, Vest Financial LLC grew its holdings in FedEx by 21.7% in the 4th quarter. Vest Financial LLC now owns 1,494 shares of the shipping service provider’s stock valued at $420,000 after buying an additional 266 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of FDX opened at $256.01 on Friday. The stock has a 50-day simple moving average of $274.59 and a 200-day simple moving average of $280.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The stock has a market capitalization of $61.66 billion, a PE ratio of 16.32, a PEG ratio of 1.07 and a beta of 1.18.

FedEx (NYSE:FDX) last posted its quarterly earnings results 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 net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the previous year, the business posted $3.99 EPS. The firm’s revenue was down .7% on a year-over-year basis. On average, analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 2.16%. FedEx’s dividend payout ratio is currently 35.18%.

Insider Activity

In related news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John W. Dietrich purchased 1,000 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares of the company’s stock, valued at $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FDX. TD Cowen boosted their price target on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Sanford C. Bernstein lowered shares of FedEx from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $337.00 to $316.00 in a report on Tuesday, December 3rd. Loop Capital downgraded shares of FedEx from a “buy” rating to a “hold” rating and cut their price target for the stock from $365.00 to $283.00 in a report on Monday, February 3rd. Raymond James upped their price objective on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus cut their target price on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

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.