Western Wealth Management LLC Reduces Holdings in FedEx Co. (NYSE:FDX)

Western Wealth Management LLC cut its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 48.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,817 shares of the shipping service provider's stock after selling 1,685 shares during the period. Western Wealth Management LLC's holdings in FedEx were worth $511,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vise Technologies Inc. increased its holdings in shares of FedEx by 17.7% during the fourth quarter. Vise Technologies Inc. now owns 5,840 shares of the shipping service provider's stock valued at $1,643,000 after acquiring an additional 879 shares in the last quarter. Highview Capital Management LLC DE grew its stake in FedEx by 3.0% during the 4th quarter. Highview Capital Management LLC DE now owns 4,501 shares of the shipping service provider's stock valued at $1,266,000 after purchasing an additional 129 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of FedEx by 14.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,448 shares of the shipping service provider's stock valued at $12,505,000 after purchasing an additional 5,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in FedEx by 0.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,297,568 shares of the shipping service provider's stock valued at $365,045,000 after buying an additional 11,549 shares during the last quarter. Finally, Waverly Advisors LLC increased its holdings in FedEx by 34.0% in the 4th quarter. Waverly Advisors LLC now owns 5,032 shares of the shipping service provider's stock worth $1,416,000 after buying an additional 1,278 shares during the period. Institutional investors own 84.47% of the company's stock.

Insiders Place Their Bets

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 completion of the transaction, the chief operating officer now directly 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 filing with the SEC, which is available at the SEC website. 8.87% of the stock is currently owned by corporate insiders.

FedEx Price Performance

Shares of NYSE FDX traded down $2.57 during mid-day trading on Wednesday, reaching $217.19. The company's stock had a trading volume of 1,244,787 shares, compared to its average volume of 1,820,256. The stock has a 50-day moving average of $219.46 and a two-hundred day moving average of $253.70. 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 stock has a market capitalization of $52.04 billion, a P/E ratio of 13.84, a P/E/G ratio of 1.11 and a beta of 1.36. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.86 EPS. On average, equities research analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Oppenheimer reaffirmed a "market perform" rating on shares of FedEx in a report on Friday, March 21st. Cfra Research raised FedEx to a "hold" rating in a research report on Thursday, March 20th. Stephens reiterated an "overweight" rating and set a $300.00 price objective on shares of FedEx in a research note on Tuesday, May 20th. Citigroup lowered their target price on FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, TD Cowen reduced their price target on FedEx from $337.00 to $310.00 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and a consensus price target of $296.17.

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.