FedEx Co. (NYSE:FDX) Position Cut by Willner & Heller LLC

Willner & Heller LLC lowered its holdings in shares of FedEx Co. (NYSE:FDX) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,554 shares of the shipping service provider’s stock after selling 202 shares during the period. Willner & Heller LLC’s holdings in FedEx were worth $437,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in FedEx by 4.7% during the 2nd quarter. Brighton Jones LLC now owns 1,685 shares of the shipping service provider’s stock valued at $505,000 after purchasing an additional 75 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of FedEx by 49.0% in the second quarter. AE Wealth Management LLC now owns 2,881 shares of the shipping service provider’s stock valued at $864,000 after buying an additional 948 shares during the period. Summit Trail Advisors LLC boosted its stake in FedEx by 99.6% during the second quarter. Summit Trail Advisors LLC now owns 4,594 shares of the shipping service provider’s stock valued at $1,384,000 after buying an additional 2,292 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in FedEx by 5.1% during the second quarter. Legacy Financial Advisors Inc. now owns 1,379 shares of the shipping service provider’s stock valued at $413,000 after buying an additional 67 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in FedEx by 6.2% during the second quarter. ProShare Advisors LLC now owns 38,209 shares of the shipping service provider’s stock worth $11,457,000 after acquiring an additional 2,230 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FDX. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Stifel Nicolaus raised their target price on shares of FedEx from $321.00 to $368.00 and gave the stock a “buy” rating in a report on Friday, December 20th. BMO Capital Markets lifted their price target 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. Bank of America increased their price objective on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Raymond James lifted their target price on FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.61.

FedEx Trading Down 0.8 %

FedEx stock opened at $275.11 on Monday. 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 Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The company’s fifty day simple moving average is $283.48 and its 200-day simple moving average is $283.94. The stock has a market cap of $66.26 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.12 and a beta of 1.20.

FedEx (NYSE:FDX) last posted 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. 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 15.59% and a net margin of 4.45%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $3.99 EPS. As a group, sell-side analysts forecast that FedEx Co. will post 19.2 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio is 35.18%.

Insider Transactions at FedEx

In other news, Director Amy B. Lane acquired 333 shares of FedEx 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 completion of the purchase, the director now owns 333 shares of the company’s stock, valued at $91,927.98. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John W. Dietrich bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the acquisition, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company 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.