McGuire Investment Group LLC Sells 45 Shares of FedEx Co. (NYSE:FDX)

McGuire Investment Group LLC trimmed its holdings in FedEx Co. (NYSE:FDX) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,198 shares of the shipping service provider’s stock after selling 45 shares during the quarter. McGuire Investment Group LLC’s holdings in FedEx were worth $1,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FDX. International Assets Investment Management LLC raised its holdings in FedEx by 473.8% during the 3rd quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock valued at $2,147,540,000 after buying an additional 647,926 shares during the period. Ameriprise Financial Inc. raised its holdings in FedEx by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after buying an additional 578,350 shares during the period. Franklin Resources Inc. raised its holdings in FedEx by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock valued at $1,042,050,000 after buying an additional 314,380 shares during the period. World Investment Advisors LLC raised its holdings in FedEx by 2,163.7% during the 3rd quarter. World Investment Advisors LLC now owns 192,441 shares of the shipping service provider’s stock valued at $52,667,000 after buying an additional 183,940 shares during the period. Finally, Empirical Asset Management LLC purchased a new stake in FedEx during the 4th quarter valued at $49,445,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

Shares of FDX stock opened at $273.12 on Friday. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The stock has a market cap of $65.78 billion, a PE ratio of 17.41, a P/E/G ratio of 1.12 and a beta of 1.20. The stock has a fifty day moving average price of $282.07 and a 200 day moving average price of $283.43. 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 (NYSE:FDX) last released 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. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same period in the previous year, the firm posted $3.99 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts forecast 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 $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio is currently 35.18%.

Insider Activity

In other news, Director Amy B. Lane purchased 333 shares of the stock in a transaction on Thursday, December 26th. The stock was purchased at an average price of $276.06 per share, with a total value 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. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. BMO Capital Markets increased their target price on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note 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. Loop Capital upgraded FedEx from a “hold” rating to a “buy” rating and increased their target price for the stock from $288.00 to $365.00 in a research note on Friday, December 20th. Stifel Nicolaus reduced their target price on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Raymond James raised their price target on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.43.

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.