Aspiriant LLC Has $852,000 Stock Holdings in FedEx Co. (NYSE:FDX)

Aspiriant LLC lessened its stake in shares of FedEx Co. (NYSE:FDX) by 6.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,940 shares of the shipping service provider’s stock after selling 187 shares during the quarter. Aspiriant LLC’s holdings in FedEx were worth $852,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FDX. KRS Capital Management LLC increased its position in FedEx by 4.1% during the fourth quarter. KRS Capital Management LLC now owns 1,041 shares of the shipping service provider’s stock worth $263,000 after acquiring an additional 41 shares during the period. Zullo Investment Group Inc. increased its position in FedEx by 0.7% during the fourth quarter. Zullo Investment Group Inc. now owns 5,721 shares of the shipping service provider’s stock worth $1,447,000 after acquiring an additional 42 shares during the period. Toth Financial Advisory Corp increased its position in FedEx by 18.0% during the fourth quarter. Toth Financial Advisory Corp now owns 288 shares of the shipping service provider’s stock worth $73,000 after acquiring an additional 44 shares during the period. SVB Wealth LLC increased its position in FedEx by 2.5% during the fourth quarter. SVB Wealth LLC now owns 1,801 shares of the shipping service provider’s stock worth $456,000 after acquiring an additional 44 shares during the period. Finally, Integrated Investment Consultants LLC increased its position in FedEx by 2.7% during the fourth quarter. Integrated Investment Consultants LLC now owns 1,727 shares of the shipping service provider’s stock worth $437,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on FDX. BNP Paribas reaffirmed an “underperform” rating and set a $250.00 price target on shares of FedEx in a research report on Wednesday, March 27th. The Goldman Sachs Group raised their target price on shares of FedEx from $316.00 to $333.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group reduced their price target on shares of FedEx from $340.00 to $333.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. BMO Capital Markets raised their price target on shares of FedEx from $290.00 to $310.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, TD Cowen raised their price target on shares of FedEx from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average target price of $314.00.

Insider Transactions at FedEx

In other news, Chairman Frederick W. Smith sold 113,400 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total value of $31,105,620.00. Following the completion of the sale, the chairman now owns 14,505,844 shares in the company, valued at approximately $3,978,953,009.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Richard W. Smith sold 1,325 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $278.24, for a total value of $368,668.00. Following the transaction, the chief executive officer now directly owns 84,614 shares of the company’s stock, valued at approximately $23,542,999.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Frederick W. Smith sold 113,400 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the completion of the transaction, the chairman now directly owns 14,505,844 shares in the company, valued at $3,978,953,009.20. The disclosure for this sale can be found here. Insiders sold a total of 117,275 shares of company stock worth $32,177,298 in the last quarter. 8.73% of the stock is currently owned by corporate insiders.

FedEx Stock Performance

NYSE:FDX opened at $295.47 on Friday. The company has a fifty day moving average of $256.80 and a 200-day moving average of $256.00. The firm has a market capitalization of $72.71 billion, a P/E ratio of 17.15, a P/E/G ratio of 1.06 and a beta of 1.16. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. FedEx Co. has a twelve month low of $224.69 and a twelve month high of $296.86.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.34 by $0.07. The company had revenue of $22.11 billion during the quarter, compared to analyst estimates of $22.04 billion. FedEx had a net margin of 4.94% and a return on equity of 16.70%. FedEx’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.94 EPS. As a group, sell-side analysts anticipate that FedEx Co. will post 20.53 EPS for the current year.

FedEx Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 24th will be paid a $1.38 dividend. This is a positive change from FedEx’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Monday, June 24th. This represents a $5.52 annualized dividend and a dividend yield of 1.87%. FedEx’s dividend payout ratio is presently 32.04%.

FedEx announced that its board has approved a stock buyback plan on Thursday, March 21st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the shipping service provider to repurchase up to 7.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.