Transatlantique Private Wealth LLC Sells 72 Shares of FedEx Co. (NYSE:FDX)

Transatlantique Private Wealth LLC trimmed its stake in FedEx Co. (NYSE:FDX) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,386 shares of the shipping service provider’s stock after selling 72 shares during the period. Transatlantique Private Wealth LLC’s holdings in FedEx were worth $399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Scarborough Advisors LLC bought a new position in FedEx during the fourth quarter valued at about $25,000. Fortis Group Advisors LLC grew its holdings in shares of FedEx by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Central Valley Advisors LLC bought a new stake in shares of FedEx during the second quarter valued at approximately $39,000. Abound Wealth Management raised its stake in shares of FedEx by 175.9% in the second quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after purchasing an additional 95 shares in the last quarter. Finally, Sachetta LLC lifted its position in FedEx by 29.1% in the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after purchasing an additional 37 shares during the period. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other news, Director Paul S. Walsh sold 2,535 shares of FedEx stock in a transaction on Friday, June 28th. The shares were sold at an average price of $294.72, for a total transaction of $747,115.20. Following the transaction, the director now directly owns 14,745 shares of the company’s stock, valued at $4,345,646.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Robert B. Carter sold 16,010 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $294.48, for a total value of $4,714,624.80. Following the completion of the transaction, the executive vice president now directly owns 59,884 shares of the company’s stock, valued at approximately $17,634,640.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul S. Walsh sold 2,535 shares of FedEx stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $294.72, for a total value of $747,115.20. Following the completion of the sale, the director now directly owns 14,745 shares in the company, valued at approximately $4,345,646.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,944 shares of company stock valued at $9,882,355. Corporate insiders own 8.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on FDX shares. Bernstein Bank boosted their price target on shares of FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a report on Friday. Stephens reissued an “overweight” rating and issued a $350.00 target price on shares of FedEx in a research note on Friday. JPMorgan Chase & Co. dropped their price target on shares of FedEx from $359.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday. Evercore ISI decreased their price objective on FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Oppenheimer reissued a “market perform” rating on shares of FedEx in a report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $312.84.

FedEx Stock Performance

Shares of FedEx stock opened at $254.63 on Friday. The firm has a fifty day moving average of $292.43 and a two-hundred day moving average of $274.85. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.36. The stock has a market capitalization of $62.66 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.03 and a beta of 1.17. FedEx Co. has a 52 week low of $224.69 and a 52 week high of $313.84.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a net margin of 4.94% and a return on equity of 16.70%. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter in the prior year, the company posted $4.55 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts predict that FedEx Co. will post 20.82 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 9th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, September 9th. FedEx’s dividend payout ratio is currently 32.04%.

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.