Focus Financial Network Inc. Has $619,000 Position in FedEx Co. (NYSE:FDX)

Focus Financial Network Inc. cut its position in shares of FedEx Co. (NYSE:FDX) by 3.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,189 shares of the shipping service provider’s stock after selling 86 shares during the quarter. Focus Financial Network Inc.’s holdings in FedEx were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Panoramic Capital Partners LLC bought a new position in FedEx during the fourth quarter worth about $229,000. Arlington Trust Co LLC lifted its position in shares of FedEx by 46.8% in the fourth quarter. Arlington Trust Co LLC now owns 953 shares of the shipping service provider’s stock valued at $268,000 after buying an additional 304 shares during the last quarter. Equitable Trust Co. boosted its stake in shares of FedEx by 18.9% during the 4th quarter. Equitable Trust Co. now owns 9,159 shares of the shipping service provider’s stock worth $2,577,000 after acquiring an additional 1,453 shares during the period. Opal Wealth Advisors LLC increased its holdings in shares of FedEx by 3.4% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,401 shares of the shipping service provider’s stock worth $675,000 after acquiring an additional 80 shares during the last quarter. Finally, Savant Capital LLC raised its stake in FedEx by 1.4% in the 4th quarter. Savant Capital LLC now owns 21,949 shares of the shipping service provider’s stock valued at $6,175,000 after acquiring an additional 294 shares during the period. 84.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays upped their price objective on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Sanford C. Bernstein lowered shares of FedEx from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. BMO Capital Markets raised their price objective on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Wells Fargo & Company increased their target price on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Finally, TD Cowen boosted their price target on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

Insiders Place Their Bets

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the business’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 sale, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

FedEx Trading Up 0.7 %

Shares of FDX opened at $262.96 on Thursday. 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 52-week low of $234.45 and a 52-week high of $313.84. The firm has a market cap of $63.33 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.07 and a beta of 1.18. The business’s fifty day moving average is $273.38 and its 200-day moving average is $279.68.

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

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.10%. FedEx’s dividend payout ratio is currently 35.18%.

FedEx 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.