FedEx Co. (NYSE:FDX) Shares Sold by Doliver Advisors LP

Doliver Advisors LP decreased its position in shares of FedEx Co. (NYSE:FDXFree Report) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,217 shares of the shipping service provider’s stock after selling 234 shares during the quarter. Doliver Advisors LP’s holdings in FedEx were worth $905,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FDX. Sachetta LLC grew its position in FedEx by 29.1% in the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after purchasing an additional 37 shares during the last quarter. IVC Wealth Advisors LLC grew its holdings in FedEx by 2.0% in the 3rd quarter. IVC Wealth Advisors LLC now owns 1,948 shares of the shipping service provider’s stock worth $533,000 after buying an additional 38 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in FedEx by 3.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider’s stock valued at $360,000 after acquiring an additional 38 shares during the period. Turtle Creek Wealth Advisors LLC raised its stake in FedEx by 4.0% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,020 shares of the shipping service provider’s stock valued at $279,000 after acquiring an additional 39 shares in the last quarter. Finally, Buckley Wealth Management LLC grew its stake in shares of FedEx by 1.0% in the third quarter. Buckley Wealth Management LLC now owns 3,975 shares of the shipping service provider’s stock worth $1,088,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Insider Activity

In related news, Director Amy B. Lane acquired 333 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. BMO Capital Markets upped their price target on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Hsbc Global Res downgraded FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Morgan Stanley cut FedEx from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $215.00 to $200.00 in a research report on Friday, September 20th. Finally, Bernstein Bank upped their price objective on FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $324.88.

Check Out Our Latest Report on FDX

FedEx Stock Up 0.4 %

Shares of FedEx stock traded up $1.10 on Monday, hitting $275.51. 907,120 shares of the company traded hands, compared to its average volume of 1,111,226. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The company has a 50-day moving average price of $283.87 and a 200 day moving average price of $284.23. The company has a market cap of $66.36 billion, a PE ratio of 17.00, a PEG ratio of 1.17 and a beta of 1.20.

FedEx (NYSE:FDXGet Free Report) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 15.61% and a net margin of 4.62%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $3.99 EPS. Sell-side analysts predict that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 2.00%. FedEx’s dividend payout ratio (DPR) is 35.18%.

FedEx Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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