UMB Bank n.a. Sells 3,145 Shares of FedEx Co. (NYSE:FDX)

UMB Bank n.a. decreased its position in shares of FedEx Co. (NYSE:FDX) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,593 shares of the shipping service provider’s stock after selling 3,145 shares during the period. UMB Bank n.a.’s holdings in FedEx were worth $3,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. City Holding Co. acquired a new stake in FedEx in the 4th quarter worth about $28,000. Grove Bank & Trust raised its position in shares of FedEx by 13.0% in the fourth quarter. Grove Bank & Trust now owns 434 shares of the shipping service provider’s stock valued at $122,000 after buying an additional 50 shares in the last quarter. Kelly Financial Services LLC bought a new stake in shares of FedEx in the fourth quarter valued at approximately $4,513,000. Aaron Wealth Advisors LLC boosted its stake in shares of FedEx by 9.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 1,827 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 154 shares during the period. Finally, Moss Adams Wealth Advisors LLC increased its stake in FedEx by 3.2% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,567 shares of the shipping service provider’s stock worth $443,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Down 0.8 %

FDX opened at $275.11 on Tuesday. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84. The company has a fifty day moving average of $283.48 and a 200-day moving average of $283.87. The stock has a market cap of $66.26 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. 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 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 firm 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 revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $3.99 EPS. On average, sell-side analysts predict that FedEx Co. will post 19.2 EPS for the current year.

FedEx Dividend Announcement

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 dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is 35.18%.

Insider Transactions at FedEx

In other news, Director Amy B. Lane bought 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The stock was bought 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John W. Dietrich purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were purchased at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the purchase, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. TD Cowen upped their price objective on shares of FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Citigroup raised their target price on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Barclays upped their price target on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $325.61.

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.