Baldwin Wealth Partners LLC MA Sells 67 Shares of FedEx Co. (NYSE:FDX)

Baldwin Wealth Partners LLC MA decreased its position in FedEx Co. (NYSE:FDX) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,675 shares of the shipping service provider’s stock after selling 67 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in FedEx were worth $471,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in FedEx by 9.4% during the 2nd quarter. AQR Capital Management LLC now owns 92,093 shares of the shipping service provider’s stock worth $27,432,000 after acquiring an additional 7,940 shares during the last quarter. Dark Forest Capital Management LP raised its holdings in shares of FedEx by 4.7% in the second quarter. Dark Forest Capital Management LP now owns 1,180 shares of the shipping service provider’s stock valued at $354,000 after buying an additional 53 shares during the last quarter. MidWestOne Financial Group Inc. raised its holdings in shares of FedEx by 43.3% in the second quarter. MidWestOne Financial Group Inc. now owns 2,221 shares of the shipping service provider’s stock valued at $666,000 after buying an additional 671 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in FedEx by 12.8% during the 2nd quarter. SkyView Investment Advisors LLC now owns 1,799 shares of the shipping service provider’s stock worth $539,000 after buying an additional 204 shares in the last quarter. Finally, Creative Planning grew its holdings in FedEx by 3.8% during the 2nd quarter. Creative Planning now owns 70,615 shares of the shipping service provider’s stock worth $21,173,000 after acquiring an additional 2,563 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Stock Performance

FDX opened at $276.28 on Monday. The company has a market capitalization of $66.54 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.12 and a beta of 1.20. The business’s 50-day moving average price is $281.64 and its two-hundred day moving average price is $283.13. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX) last released its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion for 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 business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.99 EPS. Equities analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal 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 paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 2.00%. FedEx’s payout ratio is currently 35.18%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FDX. Stephens reduced their target price on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. lifted their target price on FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Raymond James upped their price target on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Stifel Nicolaus dropped their price objective on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday. Finally, BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $325.43.

Insiders Place Their Bets

In other news, EVP John W. Dietrich purchased 1,000 shares of the business’s stock in a transaction 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 completion of the purchase, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. The trade was a 12.40 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane acquired 333 shares of the stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now directly owns 333 shares in the company, valued at $91,927.98. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

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.