Wealthcare Advisory Partners LLC Cuts Stake in FedEx Co. (NYSE:FDX)

Wealthcare Advisory Partners LLC lessened its holdings in FedEx Co. (NYSE:FDX) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,119 shares of the shipping service provider’s stock after selling 465 shares during the period. Wealthcare Advisory Partners LLC’s holdings in FedEx were worth $596,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FDX. Virtu Financial LLC acquired a new stake in FedEx in the third quarter valued at approximately $3,405,000. Czech National Bank grew its holdings in FedEx by 6.4% during the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after acquiring an additional 2,767 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of FedEx by 4.1% in the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after purchasing an additional 91 shares in the last quarter. Persium Advisors LLC purchased a new stake in shares of FedEx during the 4th quarter worth $530,000. Finally, Magnolia Capital Advisors LLC acquired a new position in shares of FedEx during the second quarter worth $9,226,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on FDX shares. Stifel Nicolaus lifted their price target on FedEx from $321.00 to $368.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Barclays boosted their target price on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein lowered shares of FedEx from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Wells Fargo & Company boosted their price objective on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, TD Cowen increased their target price on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and an average price target of $325.61.

FedEx Stock Down 0.8 %

FDX stock opened at $275.11 on Tuesday. The stock has a market capitalization of $66.26 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a fifty day moving average of $283.48 and a 200-day moving average of $283.87. 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 one year low of $234.45 and a one year high of $313.84.

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 net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter last year, the firm earned $3.99 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. As a group, analysts expect that FedEx Co. will post 19.2 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.01%. The ex-dividend date was Monday, December 9th. FedEx’s payout ratio is 35.18%.

Insider Buying and Selling at FedEx

In related news, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, the chief executive officer now owns 111,886 shares in the company, valued at $30,984,589.98. This represents a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This 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 owned by corporate insiders.

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.