Jump Financial LLC Has $221,000 Stake in FedEx Co. (NYSE:FDX)

Jump Financial LLC reduced its holdings in FedEx Co. (NYSE:FDX - Free Report) by 73.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 785 shares of the shipping service provider's stock after selling 2,215 shares during the period. Jump Financial LLC's holdings in FedEx were worth $221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cetera Trust Company N.A boosted its position in shares of FedEx by 0.5% in 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 purchasing an additional 40 shares during the last quarter. Griffin Asset Management Inc. boosted its holdings in FedEx by 0.4% during the fourth 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 during the last quarter. Aviso Financial Inc. boosted its holdings in FedEx by 1.2% during the fourth 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 during the last quarter. Garner Asset Management Corp grew its position in shares of 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 during the period. Finally, Richard P Slaughter Associates Inc raised its position in shares of FedEx by 0.5% in the 4th quarter. Richard P Slaughter Associates Inc now owns 8,107 shares of the shipping service provider's stock valued at $2,281,000 after acquiring an additional 42 shares during the period. 84.47% of the stock is owned by institutional investors.

FedEx Stock Performance

NYSE:FDX traded up $7.92 on Friday, hitting $217.98. The company's stock had a trading volume of 649,466 shares, compared to its average volume of 1,781,062. FedEx Co. has a one year low of $194.30 and a one year high of $313.84. The firm has a market capitalization of $52.23 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The stock has a fifty day moving average of $229.46 and a two-hundred day moving average of $260.32. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

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

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a $1.38 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.53%. FedEx's dividend payout ratio is currently 34.63%.

Insiders Place Their Bets

In other news, COO John Alan Smith sold 6,155 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.87% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on FDX. Loop Capital downgraded shares of FedEx from a "hold" rating to a "sell" rating and lowered their target price for the company from $283.00 to $221.00 in a research note on Friday, March 21st. Cfra Research upgraded FedEx to a "hold" rating in a report on Thursday, March 20th. Oppenheimer reissued a "market perform" rating on shares of FedEx in a research note on Friday, March 21st. Stephens dropped their price target on FedEx from $320.00 to $300.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Finally, UBS Group decreased their price objective on FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, FedEx presently has a consensus rating of "Moderate Buy" and a consensus target price of $297.71.

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.