Moloney Securities Asset Management LLC Has $427,000 Stock Position in FedEx Co. (NYSE:FDX)

Moloney Securities Asset Management LLC cut its holdings in FedEx Co. (NYSE:FDX) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,518 shares of the shipping service provider’s stock after selling 295 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in FedEx were worth $427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB boosted its stake in shares of FedEx by 8.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 11,231 shares of the shipping service provider’s stock valued at $3,160,000 after purchasing an additional 859 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in FedEx by 8.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 3,261 shares of the shipping service provider’s stock valued at $917,000 after buying an additional 247 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of FedEx by 0.9% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 11,197 shares of the shipping service provider’s stock worth $3,150,000 after buying an additional 102 shares during the last quarter. Vest Financial LLC increased its holdings in shares of FedEx by 21.7% during the fourth quarter. Vest Financial LLC now owns 1,494 shares of the shipping service provider’s stock worth $420,000 after buying an additional 266 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in shares of FedEx by 3.2% in the 4th quarter. Cidel Asset Management Inc. now owns 2,611 shares of the shipping service provider’s stock valued at $735,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

FDX stock opened at $258.26 on Tuesday. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The stock has a market capitalization of $62.20 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The company’s 50-day moving average is $274.59 and its 200-day moving average is $280.24. 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 announced its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter last year, the firm posted $3.99 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is 35.18%.

Insider Transactions at FedEx

In related news, Director Amy B. Lane purchased 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was acquired at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares of the company’s stock, valued at $91,927.98. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

FDX has been the topic of a number of research reports. Stephens reduced their price objective on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, December 20th. Stifel Nicolaus lowered their price objective on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Wells Fargo & Company upped their price target on shares of FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Finally, Sanford C. Bernstein lowered shares of FedEx from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $321.87.

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.