Warther Private Wealth LLC Has $13.18 Million Holdings in FedEx Co. (NYSE:FDX)

Warther Private Wealth LLC lessened its stake in shares of FedEx Co. (NYSE:FDX) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,840 shares of the shipping service provider’s stock after selling 52 shares during the quarter. FedEx comprises 4.4% of Warther Private Wealth LLC’s investment portfolio, making the stock its 9th biggest holding. Warther Private Wealth LLC’s holdings in FedEx were worth $13,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. CWM LLC raised its holdings in FedEx by 13.1% during the third quarter. CWM LLC now owns 8,562 shares of the shipping service provider’s stock worth $2,343,000 after buying an additional 991 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of FedEx during the third quarter worth about $97,000. Redhawk Wealth Advisors Inc. raised its holdings in shares of FedEx by 6.4% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 2,528 shares of the shipping service provider’s stock worth $692,000 after acquiring an additional 153 shares during the last quarter. Fiduciary Alliance LLC lifted its position in FedEx by 47.2% in the 3rd quarter. Fiduciary Alliance LLC now owns 1,195 shares of the shipping service provider’s stock valued at $327,000 after acquiring an additional 383 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in FedEx by 13.6% during the 3rd quarter. Grove Bank & Trust now owns 384 shares of the shipping service provider’s stock valued at $105,000 after purchasing an additional 46 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John W. Dietrich bought 1,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were acquired 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 of the company’s stock, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the transaction, the director now owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is owned by company insiders.

FedEx Stock Up 1.2 %

FDX opened at $261.30 on Wednesday. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The company has a market cap of $62.93 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average of $273.81 and a 200 day moving average of $279.95.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.99 earnings per share. On average, sell-side analysts expect 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 issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s payout ratio is 35.18%.

Analyst Ratings Changes

Several analysts have recently commented on FDX shares. Wells Fargo & Company increased their price objective on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Citigroup increased their price target on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus reduced their target price on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Finally, Loop Capital downgraded shares of FedEx from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $365.00 to $283.00 in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $321.87.

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.