Cetera Investment Advisers Sells 2,087 Shares of FedEx Co. (NYSE:FDX)

Cetera Investment Advisers decreased its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,588 shares of the shipping service provider's stock after selling 2,087 shares during the period. Cetera Investment Advisers' holdings in FedEx were worth $23,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Regal Investment Advisors LLC increased its holdings in shares of FedEx by 2.4% during the fourth quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock worth $451,000 after buying an additional 38 shares in the last quarter. Cetera Trust Company N.A lifted its position in FedEx by 0.5% during the 4th quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider's stock worth $2,230,000 after buying an additional 40 shares in the last quarter. Griffin Asset Management Inc. lifted its position in FedEx by 0.4% during the 4th quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider's stock worth $2,916,000 after buying an additional 40 shares in the last quarter. Aviso Financial Inc. lifted its position in FedEx by 1.2% during the 4th quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock worth $957,000 after buying an additional 40 shares in the last quarter. Finally, Garner Asset Management Corp lifted its position in FedEx by 0.7% during the 4th quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider's stock worth $1,659,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Buying and Selling at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. This represents a 20.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.87% of the company's stock.

FedEx Price Performance

Shares of FedEx stock traded down $0.96 on Wednesday, reaching $230.19. 846,211 shares of the stock were exchanged, compared to its average volume of 1,796,685. The firm's 50 day moving average is $223.98 and its 200-day moving average is $257.46. FedEx Co. has a one year low of $194.30 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The firm has a market cap of $55.15 billion, a PE ratio of 14.67, a P/E/G ratio of 1.11 and a beta of 1.36.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.86 EPS. As a group, analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.40%. The ex-dividend date was Monday, March 10th. FedEx's dividend payout ratio (DPR) is currently 34.63%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays lowered their price target on shares of FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a report on Friday, March 21st. Loop Capital lowered shares of FedEx from a "hold" rating to a "sell" rating and lowered their price target for the company from $283.00 to $221.00 in a report on Friday, March 21st. Bank of America lowered their price target on shares of FedEx from $272.00 to $270.00 and set a "buy" rating for the company in a report on Tuesday. UBS Group lowered their price target on shares of FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, BNP Paribas raised shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $297.63.

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.