FedEx Co. (NYSE:FDX) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. trimmed its position in shares of FedEx Co. (NYSE:FDX) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,721 shares of the shipping service provider’s stock after selling 283 shares during the period. Newbridge Financial Services Group Inc.’s holdings in FedEx were worth $1,047,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC increased its position in shares of FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 52 shares during the period. Evermay Wealth Management LLC increased its holdings in FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares during the period. Peoples Financial Services CORP. acquired a new stake in FedEx in the 4th quarter valued at about $28,000. City Holding Co. purchased a new position in shares of FedEx in the 4th quarter valued at about $28,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of FedEx during the third quarter worth about $31,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX stock opened at $256.01 on Friday. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The stock’s 50-day moving average price is $274.59 and its 200 day moving average price is $280.50. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $61.66 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18.

FedEx (NYSE:FDX) last released its quarterly 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 business had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the prior year, the business earned $3.99 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. As a group, equities research analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.16%. FedEx’s dividend payout ratio (DPR) is 35.18%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. BMO Capital Markets lifted 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. Loop Capital cut FedEx from a “buy” rating to a “hold” rating and cut their price target for the company from $365.00 to $283.00 in a research note on Monday, February 3rd. Stifel Nicolaus lowered their price objective on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Raymond James raised their target price on FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $321.87.

Insider Buying and Selling at FedEx

In related news, EVP John W. Dietrich bought 1,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the acquisition, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Amy B. Lane purchased 333 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the purchase, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.

FedEx Company 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.