FedEx Co. (NYSE:FDX) Shares Sold by Bangor Savings Bank

Bangor Savings Bank decreased its holdings in shares of FedEx Co. (NYSE:FDX) by 2.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,603 shares of the shipping service provider’s stock after selling 134 shares during the quarter. Bangor Savings Bank’s holdings in FedEx were worth $1,858,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in shares of FedEx by 5.6% in the second quarter. Private Advisor Group LLC now owns 19,551 shares of the shipping service provider’s stock valued at $5,862,000 after purchasing an additional 1,042 shares during the period. Candriam S.C.A. increased its stake in FedEx by 0.3% in the 2nd quarter. Candriam S.C.A. now owns 19,639 shares of the shipping service provider’s stock valued at $5,888,000 after buying an additional 63 shares during the period. Cullen Frost Bankers Inc. raised its position in FedEx by 3.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 6,718 shares of the shipping service provider’s stock worth $2,014,000 after buying an additional 217 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of FedEx in the second quarter valued at about $110,000. Finally, Acadian Asset Management LLC increased its stake in shares of FedEx by 7.5% during the second quarter. Acadian Asset Management LLC now owns 7,268 shares of the shipping service provider’s stock worth $2,177,000 after acquiring an additional 505 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Activity

In other news, Director Amy B. Lane acquired 333 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was acquired at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the acquisition, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.87% of the company’s stock.

FedEx Stock Performance

NYSE:FDX opened at $273.86 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The firm has a market cap of $65.96 billion, a PE ratio of 16.89, a P/E/G ratio of 1.17 and a beta of 1.20. The firm has a 50 day simple moving average of $283.83 and a 200-day simple moving average of $284.39. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84.

FedEx (NYSE:FDX) last issued 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 the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. FedEx’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.99 EPS. On average, equities analysts expect that FedEx Co. will post 19.59 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is 35.18%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FDX shares. BMO Capital Markets raised their price objective on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Loop Capital upgraded FedEx from a “hold” rating to a “buy” rating and lifted their price target for the company from $288.00 to $365.00 in a research note on Friday, December 20th. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Bank of America boosted their target price on shares of FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, Daiwa America downgraded shares of FedEx from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $324.88.

About FedEx

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.