Western Wealth Management LLC reduced its position in FedEx Co. (NYSE:FDX - Free Report) by 48.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,817 shares of the shipping service provider's stock after selling 1,685 shares during the quarter. Western Wealth Management LLC's holdings in FedEx were worth $511,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Transce3nd LLC acquired a new position in FedEx in the 4th quarter worth $26,000. Kentucky Trust Co purchased a new stake in shares of FedEx in the fourth quarter valued at $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in FedEx during the 4th quarter worth about $28,000. Activest Wealth Management acquired a new position in shares of FedEx in the 4th quarter valued at about $29,000. Finally, R Squared Ltd acquired a new stake in shares of FedEx during the fourth quarter worth approximately $31,000. 84.47% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other FedEx news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at approximately $5,686,161.85. This trade represents a 20.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.87% of the stock is owned by company insiders.
FedEx Trading Up 0.4%
Shares of NYSE FDX traded up $0.92 during trading hours on Thursday, reaching $218.07. The stock had a trading volume of 353,759 shares, compared to its average volume of 1,816,858. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The firm has a market cap of $52.25 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.11 and a beta of 1.36. The business's fifty day moving average price is $219.20 and its two-hundred day moving average price is $253.45. FedEx Co. has a 52-week low of $194.30 and a 52-week high of $313.84.
FedEx (NYSE:FDX - Get Free Report) last posted its earnings results 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). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. During the same quarter last year, the business earned $3.86 earnings per share. FedEx's revenue was up 1.9% on a year-over-year basis. Analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.
Analyst Ratings Changes
FDX has been the subject of several analyst reports. Cfra Research raised shares of FedEx to a "hold" rating in a research note on Thursday, March 20th. TD Cowen dropped their price objective on shares of FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Barclays dropped their price objective 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. Wall Street Zen raised shares of FedEx from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Stephens reaffirmed an "overweight" rating and issued a $300.00 target price on shares of FedEx in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, FedEx has an average rating of "Moderate Buy" and a consensus target price of $296.17.
Read Our Latest Analysis on FDX
FedEx Company Profile
(
Free Report)
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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