FedEx Co. (NYSE:FDX) Shares Sold by Asio Capital LLC

Asio Capital LLC lowered its position in FedEx Co. (NYSE:FDX) by 1.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 22,619 shares of the shipping service provider’s stock after selling 357 shares during the quarter. FedEx accounts for 1.2% of Asio Capital LLC’s holdings, making the stock its 22nd largest holding. Asio Capital LLC’s holdings in FedEx were worth $6,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of FedEx during the 3rd quarter valued at $3,405,000. Czech National Bank boosted its position in shares of FedEx by 6.4% in the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after buying an additional 2,767 shares during the period. Wedmont Private Capital grew its stake in shares of FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after buying an additional 91 shares in the last quarter. Persium Advisors LLC purchased a new stake in shares of FedEx during the 4th quarter valued at about $530,000. Finally, Magnolia Capital Advisors LLC acquired a new position in FedEx during the 2nd quarter worth approximately $9,226,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 1.1 %

FDX stock opened at $273.12 on Friday. The stock has a market cap of $65.78 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The firm’s 50-day simple moving average is $281.64 and its 200 day simple moving average is $283.27. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) 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 business had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same period in the prior year, the company posted $3.99 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors 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 2.02%. FedEx’s dividend payout ratio is presently 35.18%.

Insider Buying and Selling at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John W. Dietrich acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FDX has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Stephens lowered their target price on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Citigroup raised their price objective on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Raymond James increased their target price on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.