Beacon Pointe Advisors LLC Reduces Stake in FedEx Co. (NYSE:FDX)

Beacon Pointe Advisors LLC decreased its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,986 shares of the shipping service provider's stock after selling 1,882 shares during the quarter. Beacon Pointe Advisors LLC's holdings in FedEx were worth $5,060,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. Mendel Capital Management LLC grew its position in shares of FedEx by 2.9% in the 4th quarter. Mendel Capital Management LLC now owns 5,401 shares of the shipping service provider's stock valued at $1,519,000 after buying an additional 152 shares during the last quarter. Mission Creek Capital Partners Inc. boosted its stake in FedEx by 25.4% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,424 shares of the shipping service provider's stock valued at $963,000 after acquiring an additional 694 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of FedEx during the fourth quarter worth about $22,490,000. Oxford Asset Management LLP purchased a new stake in shares of FedEx in the 4th quarter valued at about $840,000. Finally, Coldstream Capital Management Inc. boosted its position in shares of FedEx by 1.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,992 shares of the shipping service provider's stock valued at $1,404,000 after purchasing an additional 57 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.87% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FDX has been the subject of a number of research reports. Citigroup reduced their price objective on FedEx from $305.00 to $267.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Cfra Research upgraded shares of FedEx to a "hold" rating in a research note on Thursday, March 20th. Jefferies Financial Group upgraded shares of FedEx from a "hold" rating to a "buy" rating and dropped their price objective for the company from $300.00 to $275.00 in a research note on Monday, March 24th. BNP Paribas upgraded shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. Finally, UBS Group dropped their price target on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, FedEx has a consensus rating of "Moderate Buy" and a consensus target price of $297.71.

FedEx Trading Down 0.8 %

Shares of FDX opened at $209.88 on Wednesday. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $231.19 and a 200-day simple moving average of $261.06. The stock has a market cap of $50.29 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). The company had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.86 earnings per share. Equities analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Monday, March 10th. FedEx's payout ratio is 34.63%.

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.

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