GTS Securities LLC Trims Position in FedEx Co. (NYSE:FDX)

GTS Securities LLC reduced its stake in FedEx Co. (NYSE:FDX - Free Report) by 98.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,084 shares of the shipping service provider's stock after selling 85,578 shares during the period. GTS Securities LLC's holdings in FedEx were worth $305,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Transce3nd LLC acquired a new position in FedEx in the 4th quarter valued at $26,000. Kentucky Trust Co bought a new stake in FedEx in the 4th quarter valued at about $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of FedEx in the 4th quarter worth about $28,000. Activest Wealth Management bought a new position in shares of FedEx in the fourth quarter valued at approximately $29,000. Finally, R Squared Ltd purchased a new position in shares of FedEx in the 4th quarter worth about $31,000. 84.47% of the stock is owned by institutional investors.

Insider Activity

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 of the company's stock, valued at $5,686,161.85. The trade was a 20.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.87% of the stock is currently owned by corporate insiders.

FedEx Price Performance

FDX traded down $2.35 during midday trading on Friday, hitting $217.91. The stock had a trading volume of 2,339,089 shares, compared to its average volume of 1,829,398. The company has a market cap of $52.21 billion, a P/E ratio of 13.89, a price-to-earnings-growth 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. The business has a fifty day moving average of $218.29 and a 200 day moving average of $252.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results 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 business had revenue of $22.16 billion for 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 prior year, the business posted $3.86 EPS. As a group, equities analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. TD Cowen reduced their target price on shares of FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Citigroup lowered their target price on shares of FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America cut their price target on FedEx from $272.00 to $270.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Truist Financial cut their target price on FedEx from $305.00 to $275.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, FedEx currently has a consensus rating of "Moderate Buy" and an average target price of $296.17.

About FedEx

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.