Value Partners Investments Inc. Reduces Stock Position in FedEx Co. (NYSE:FDX)

Value Partners Investments Inc. lessened its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 91.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,910 shares of the shipping service provider's stock after selling 132,703 shares during the quarter. FedEx makes up 1.9% of Value Partners Investments Inc.'s holdings, making the stock its 19th biggest position. Value Partners Investments Inc.'s holdings in FedEx were worth $3,348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Forum Financial Management LP grew its holdings in FedEx by 28.3% in the 4th quarter. Forum Financial Management LP now owns 3,435 shares of the shipping service provider's stock valued at $967,000 after buying an additional 758 shares in the last quarter. Toronto Dominion Bank raised its position in shares of FedEx by 56.7% during the 4th quarter. Toronto Dominion Bank now owns 131,302 shares of the shipping service provider's stock valued at $36,939,000 after buying an additional 47,491 shares during the period. Invst LLC grew its position in FedEx by 2.0% in the fourth quarter. Invst LLC now owns 7,308 shares of the shipping service provider's stock worth $2,056,000 after acquiring an additional 140 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new stake in FedEx during the fourth quarter worth $496,000. Finally, Vise Technologies Inc. grew its holdings in shares of FedEx by 17.7% during the 4th quarter. Vise Technologies Inc. now owns 5,840 shares of the shipping service provider's stock worth $1,643,000 after purchasing an additional 879 shares during the period. Hedge funds and other institutional investors own 84.47% of the company's stock.

Insider Buying and Selling at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now 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 filing with the SEC, which is available through the SEC website. 8.87% of the stock is owned by insiders.

FedEx Price Performance

Shares of FDX stock traded down $2.81 during trading hours on Friday, hitting $217.45. The stock had a trading volume of 597,910 shares, compared to its average volume of 1,819,275. The stock has a market capitalization of $52.10 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.11 and a beta of 1.36. The stock's 50-day moving average price is $218.75 and its two-hundred day moving average price is $252.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a one year low of $194.30 and a one year high of $313.84.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Truist Financial cut their price target on FedEx from $305.00 to $275.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Loop Capital cut FedEx from a "hold" rating to a "sell" rating and decreased their target price for the stock from $283.00 to $221.00 in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on FedEx in a research report on Friday, March 7th. They set a "buy" rating and a $337.00 price target on the stock. Stifel Nicolaus cut their target price on shares of FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, TD Cowen lowered their price target on FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.