Warther Private Wealth LLC Sells 43,496 Shares of FedEx Co. (NYSE:FDX)

Warther Private Wealth LLC decreased its holdings in FedEx Co. (NYSE:FDX - Free Report) by 92.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,344 shares of the shipping service provider's stock after selling 43,496 shares during the quarter. FedEx accounts for about 0.3% of Warther Private Wealth LLC's portfolio, making the stock its 27th largest holding. Warther Private Wealth LLC's holdings in FedEx were worth $815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in FedEx by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock worth $5,682,727,000 after purchasing an additional 56,236 shares in the last quarter. Dodge & Cox raised its stake in FedEx by 5.6% in the 4th quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock worth $3,907,568,000 after purchasing an additional 734,268 shares in the last quarter. Geode Capital Management LLC raised its stake in FedEx by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock worth $1,350,686,000 after purchasing an additional 109,006 shares in the last quarter. Franklin Resources Inc. raised its stake in FedEx by 8.1% in the 4th quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after purchasing an additional 323,115 shares in the last quarter. Finally, Invesco Ltd. raised its stake in FedEx by 4.1% in the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock worth $906,165,000 after purchasing an additional 127,044 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Cowen dropped their price objective 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. BMO Capital Markets dropped their target price on shares of FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research report on Monday, May 19th. Cfra Research upgraded shares of FedEx to a "hold" rating in a research report on Thursday, March 20th. Barclays dropped their target price on shares of FedEx from $350.00 to $330.00 and set an "overweight" rating for the company in a research report on Tuesday, June 3rd. Finally, Raymond James dropped their target price on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating for the company 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 given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, FedEx has a consensus rating of "Moderate Buy" and an average price target of $292.54.

Insider Activity

In other news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the sale, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 8.87% of the company's stock.

FedEx Trading Down 0.5%

FDX opened at $223.95 on Monday. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. 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 firm has a market capitalization of $53.66 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.11 and a beta of 1.35. The company's 50 day moving average price is $216.82 and its two-hundred day moving average price is $246.59.

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

FedEx Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd will be paid a $1.45 dividend. This is a positive change from FedEx's previous quarterly dividend of $1.38. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Monday, June 23rd. FedEx's dividend payout ratio is currently 36.39%.

FedEx 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.

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.