Axa S.A. Reduces Stock Holdings in FedEx Co. (NYSE:FDX)

AXA S.A. cut its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 83.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,058 shares of the shipping service provider's stock after selling 26,177 shares during the period. AXA S.A.'s holdings in FedEx were worth $1,423,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. bLong Financial LLC bought a new stake in FedEx during the 4th quarter worth approximately $391,000. Lodestone Wealth Management LLC acquired a new stake in FedEx during the fourth quarter worth about $461,000. Wedmont Private Capital raised its holdings in shares of FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock worth $631,000 after buying an additional 91 shares in the last quarter. GFS Advisors LLC bought a new position in FedEx in the 4th quarter valued at approximately $26,855,000. Finally, Persium Advisors LLC acquired a new position in shares of FedEx in the fourth quarter valued at approximately $530,000. 84.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Cfra Research upgraded shares of FedEx to a "hold" rating in a report on Thursday, March 20th. Stifel Nicolaus cut their price objective on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a report on Friday, March 21st. Citigroup decreased their price target on shares of FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. UBS Group reduced their price objective on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, Oppenheimer reissued a "market perform" rating on shares of FedEx in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, FedEx has a consensus rating of "Moderate Buy" and a consensus price target of $297.71.

FedEx Stock Down 0.7 %

FDX stock traded down $1.54 during trading hours on Friday, reaching $217.67. 1,166,869 shares of the stock were exchanged, compared to its average volume of 1,793,014. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a 12 month low of $194.30 and a 12 month high of $313.84. The firm's 50-day moving average is $224.70 and its 200-day moving average is $258.02. The company has a market cap of $52.15 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.11 and a beta of 1.36.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the prior year, the business posted $3.86 earnings per share. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.54%. FedEx's payout ratio is presently 34.63%.

Insider Buying and Selling at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. The trade was a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.87% of the company's stock.

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.