2,664 FedEx Corporation $FDX Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lowered its stake in FedEx Corporation (NYSE:FDX) by 39.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,100 shares of the shipping service provider’s stock after selling 2,664 shares during the period. Jefferies Financial Group Inc.’s holdings in FedEx were worth $1,169,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Hollencrest Capital Management bought a new position in shares of FedEx during the first quarter worth about $25,000. Solstein Capital LLC bought a new stake in FedEx in the second quarter valued at about $27,000. Putney Financial Group LLC bought a new stake in FedEx in the third quarter valued at about $25,000. Pathway Financial Advisers LLC acquired a new stake in FedEx during the third quarter valued at approximately $27,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in FedEx during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of NYSE:FDX traded up $4.61 during trading on Friday, hitting $323.91. 1,067,061 shares of the company traded hands, compared to its average volume of 1,476,723. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average is $302.53 and its 200-day moving average is $337.70. The stock has a market capitalization of $75.86 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.29 and a beta of 1.27. FedEx Corporation has a one year low of $207.83 and a one year high of $345.36.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.40. FedEx had a return on equity of 15.53% and a net margin of 4.09%. The business had revenue of $22.93 billion for the quarter, compared to the consensus estimate of $22.73 billion. During the same quarter last year, the business posted $3.83 EPS. The business’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts predict that FedEx Corporation will post 18.29 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, September 14th. FedEx’s dividend payout ratio (DPR) is 30.01%.

Insider Buying and Selling at FedEx

In related news, CFO Claude F. Russ sold 16,762 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $316.11, for a total value of $5,298,635.82. Following the completion of the transaction, the chief financial officer directly owned 4,387 shares of the company’s stock, valued at $1,386,774.57. This represents a 79.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Tracy B. Brightman sold 26,611 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $316.68, for a total value of $8,427,171.48. Following the completion of the sale, the executive vice president owned 12,245 shares in the company, valued at approximately $3,877,746.60. This represents a 68.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 46,387 shares of company stock worth $14,681,426. 0.65% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America reduced their price objective on FedEx from $378.00 to $359.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. Weiss Ratings lowered shares of FedEx from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Raymond James Financial set a $162.00 target price on shares of FedEx in a report on Tuesday, November 3rd. Evercore increased their target price on shares of FedEx from $350.00 to $351.00 in a report on Monday, September 28th. Finally, BNP Paribas Exane raised their price target on shares of FedEx from $269.80 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $359.16.

About FedEx

FedEx Corporation is a global transportation and logistics company that provides delivery, freight, and supply chain services to businesses and consumers. Its offerings include express and ground package delivery, freight transportation, customs clearance, and logistics solutions that help customers manage shipping and distribution. Founded by Frederick W. Smith in 1971, FedEx began operations in 1973. The company serves customers throughout the United States and in international markets, connecting businesses and consumers through its transportation and delivery networks.