apricus wealth LLC Sells 175 Shares of FedEx Co. (NYSE:FDX)

apricus wealth LLC trimmed its holdings in shares of FedEx Co. (NYSE:FDX) by 8.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,010 shares of the shipping service provider’s stock after selling 175 shares during the quarter. apricus wealth LLC’s holdings in FedEx were worth $565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDX. Gradient Investments LLC lifted its stake in shares of FedEx by 4.9% during the 4th quarter. Gradient Investments LLC now owns 1,868 shares of the shipping service provider’s stock worth $526,000 after buying an additional 88 shares during the last quarter. CX Institutional lifted its holdings in shares of FedEx by 6.7% in the fourth quarter. CX Institutional now owns 2,722 shares of the shipping service provider’s stock worth $766,000 after acquiring an additional 170 shares during the last quarter. RFG Advisory LLC increased its stake in shares of FedEx by 30.2% in the fourth quarter. RFG Advisory LLC now owns 1,035 shares of the shipping service provider’s stock valued at $291,000 after buying an additional 240 shares during the period. Financial Partners Group LLC lifted its holdings in shares of FedEx by 1.1% during the fourth quarter. Financial Partners Group LLC now owns 36,728 shares of the shipping service provider’s stock worth $10,333,000 after purchasing an additional 393 shares during the period. Finally, Cornerstone Wealth Management LLC lifted its stake in shares of FedEx by 30.5% in the fourth quarter. Cornerstone Wealth Management LLC now owns 2,284 shares of the shipping service provider’s stock worth $642,000 after acquiring an additional 534 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of FedEx stock opened at $273.12 on Friday. The business’s fifty day moving average price is $282.07 and its 200 day moving average price is $283.43. The stock has a market capitalization of $65.78 billion, a P/E ratio of 17.41, a PEG ratio of 1.12 and a beta of 1.20. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.88 by $0.17. The business 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 company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.99 earnings per share. As a group, research analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is 35.18%.

Insider Buying and Selling at FedEx

In related news, Director Amy B. Lane purchased 333 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % 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.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FDX. Stephens cut their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. TD Cowen increased their price objective on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Sanford C. Bernstein lowered shares of FedEx from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Barclays increased their target price on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.43.

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.