FedEx Co. (NYSE:FDX) Shares Sold by Mather Group LLC.

Mather Group LLC. cut its holdings in FedEx Co. (NYSE:FDX) by 10.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,618 shares of the shipping service provider’s stock after selling 645 shares during the period. Mather Group LLC.’s holdings in FedEx were worth $1,538,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Fortis Group Advisors LLC boosted its stake in FedEx by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock valued at $25,000 after acquiring an additional 50 shares during the period. Scarborough Advisors LLC bought a new position in FedEx during the 4th quarter worth $25,000. Central Valley Advisors LLC acquired a new stake in FedEx in the second quarter worth $39,000. Abound Wealth Management lifted its stake in 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 buying an additional 95 shares during the last quarter. Finally, Sachetta LLC boosted its holdings in shares of FedEx by 29.1% during the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after acquiring an additional 37 shares during the period. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 0.3 %

Shares of NYSE FDX opened at $261.28 on Wednesday. The business has a fifty day simple moving average of $283.84 and a 200-day simple moving average of $276.02. The company has a market cap of $64.30 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 1.04 and a beta of 1.17. FedEx Co. has a 12 month low of $224.69 and a 12 month high of $313.84. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. During the same quarter in the previous year, the business earned $4.55 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts predict that FedEx Co. will post 19.66 EPS for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $5.52 annualized dividend and a yield of 2.11%. FedEx’s dividend payout ratio is presently 32.04%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Susquehanna cut their price objective on shares of FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a research report on Friday, September 20th. Wells Fargo & Company lifted their price target on FedEx from $275.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. decreased their price objective on FedEx from $359.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, September 20th. The Goldman Sachs Group cut their target price on FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Finally, Bank of America decreased their price target on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus price target of $314.74.

Insider Activity at FedEx

In other FedEx news, CEO Sriram Krishnasamy sold 8,421 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total value of $2,611,688.94. Following the transaction, the chief executive officer now directly owns 12,246 shares of the company’s stock, valued at $3,797,974.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Sriram Krishnasamy sold 8,421 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total transaction of $2,611,688.94. Following the transaction, the chief executive officer now owns 12,246 shares in the company, valued at approximately $3,797,974.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brie Carere sold 1,958 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the transaction, the executive vice president now directly owns 19,937 shares in the company, valued at $6,189,042.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,914 shares of company stock valued at $3,978,338. Insiders own 8.73% of the company’s stock.

FedEx 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.