Hancock Whitney Corp Sells 28,133 Shares of FedEx Co. (NYSE:FDX)

Hancock Whitney Corp lowered its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 58.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 19,905 shares of the shipping service provider's stock after selling 28,133 shares during the period. Hancock Whitney Corp's holdings in FedEx were worth $5,600,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Fortitude Family Office LLC lifted its position in shares of FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after acquiring an additional 52 shares during the period. Transce3nd LLC bought a new position in FedEx in the fourth quarter worth $26,000. Peoples Financial Services CORP. acquired a new stake in FedEx during the fourth quarter worth $28,000. City Holding Co. bought a new stake in FedEx in the 4th quarter valued at $28,000. Finally, Kentucky Trust Co acquired a new position in shares of FedEx in the 4th quarter valued at $28,000. Institutional investors own 84.47% of the company's stock.

Insider Activity at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the business'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 completion of the transaction, the chief operating officer now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.87% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FDX shares. Raymond James decreased their target price on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. BNP Paribas upgraded FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. Stifel Nicolaus dropped their target price on FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a report on Friday, March 21st. Citigroup decreased their price target 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, Oppenheimer reiterated a "market perform" rating on shares of FedEx in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $297.71.

FedEx Trading Down 1.1 %

Shares of NYSE:FDX traded down $2.39 during trading on Tuesday, hitting $209.11. 688,247 shares of the company's stock were exchanged, compared to its average volume of 1,888,641. The firm has a 50-day moving average price of $232.36 and a two-hundred day moving average price of $261.42. FedEx Co. has a 1-year low of $194.29 and a 1-year high of $313.84. The firm has a market cap of $50.10 billion, a P/E ratio of 13.33, a PEG ratio of 1.11 and a beta of 1.24. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly 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). The company 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 business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $3.86 EPS. Equities analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.64%. The ex-dividend date was Monday, March 10th. FedEx's payout ratio is 34.63%.

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.