Intelligence Driven Advisers LLC Reduces Holdings in FedEx Co. (NYSE:FDX)

Intelligence Driven Advisers LLC cut its position in FedEx Co. (NYSE:FDX) by 4.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 887 shares of the shipping service provider’s stock after selling 42 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in FedEx were worth $250,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in FedEx during the 3rd quarter worth approximately $97,000. CX Institutional increased its stake in shares of FedEx by 7.6% in the third quarter. CX Institutional now owns 2,552 shares of the shipping service provider’s stock worth $698,000 after buying an additional 180 shares during the last quarter. Creative Planning increased its stake in shares of FedEx by 15.7% in the third quarter. Creative Planning now owns 81,696 shares of the shipping service provider’s stock worth $22,237,000 after buying an additional 11,081 shares during the last quarter. Swedbank AB raised its holdings in FedEx by 0.4% in the third quarter. Swedbank AB now owns 111,426 shares of the shipping service provider’s stock valued at $30,495,000 after acquiring an additional 403 shares in the last quarter. Finally, Opal Wealth Advisors LLC boosted its stake in FedEx by 12.3% during the 3rd quarter. Opal Wealth Advisors LLC now owns 2,321 shares of the shipping service provider’s stock valued at $635,000 after acquiring an additional 254 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. TD Cowen boosted their price objective on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a report on Friday, December 20th. Citigroup increased their target price on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Raymond James boosted their price target on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.87.

FedEx Trading Up 0.7 %

Shares of FDX stock opened at $262.96 on Thursday. The firm has a market capitalization of $63.33 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The stock has a fifty day moving average of $272.98 and a two-hundred day moving average of $279.56.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.99 earnings per share. As a group, research analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 2.10%. FedEx’s payout ratio is 35.18%.

Insiders Place Their Bets

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John W. Dietrich acquired 1,000 shares of FedEx stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average price of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by insiders.

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.