DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 34,099 Shares of FedEx Co. (NYSE:FDX)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its stake in FedEx Co. (NYSE:FDX - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 63,996 shares of the shipping service provider's stock after selling 34,099 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in FedEx were worth $18,004,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its position in shares of FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after purchasing an additional 52 shares during the last quarter. Transce3nd LLC acquired a new position in shares of FedEx during the fourth quarter worth approximately $26,000. Peoples Financial Services CORP. acquired a new stake in shares of FedEx in the fourth quarter worth $28,000. City Holding Co. bought a new stake in FedEx in the 4th quarter valued at $28,000. Finally, Kentucky Trust Co acquired a new stake in FedEx in the 4th quarter worth $28,000. Institutional investors own 84.47% of the company's stock.

FedEx Price Performance

Shares of FDX stock traded down $0.41 during trading hours on Wednesday, reaching $230.74. 965,893 shares of the company were exchanged, compared to its average volume of 1,862,717. 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 company has a market cap of $55.29 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.11 and a beta of 1.36. The stock's fifty day moving average is $223.98 and its two-hundred day moving average is $257.46. FedEx Co. has a fifty-two week low of $194.29 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last released its 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). The firm had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.86 EPS. Sell-side analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared 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 2.39%. FedEx's dividend payout ratio (DPR) is presently 34.63%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group decreased their target price on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Stephens lowered their price objective on FedEx from $320.00 to $300.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Raymond James reduced their target price on FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Loop Capital downgraded shares of FedEx from a "hold" rating to a "sell" rating and decreased their price target for the stock from $283.00 to $221.00 in a research note on Friday, March 21st. Finally, BNP Paribas upgraded shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $297.63.

Insider Activity at FedEx

In other news, COO John Alan Smith sold 6,155 shares of FedEx 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 transaction, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at $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 SEC, which is available through this hyperlink. 8.87% of the stock is currently 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.