London Co. of Virginia Sells 6,626 Shares of FedEx Co. (NYSE:FDX)

London Co. of Virginia reduced its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 226,802 shares of the shipping service provider's stock after selling 6,626 shares during the quarter. London Co. of Virginia owned approximately 0.09% of FedEx worth $63,806,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FDX. Principal Financial Group Inc. grew its stake in shares of FedEx by 4.1% in the 3rd quarter. Principal Financial Group Inc. now owns 256,870 shares of the shipping service provider's stock worth $70,300,000 after buying an additional 10,063 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in FedEx by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,241 shares of the shipping service provider's stock worth $12,382,000 after acquiring an additional 140 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in shares of FedEx by 37.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 456 shares of the shipping service provider's stock worth $128,000 after acquiring an additional 125 shares during the last quarter. Czech National Bank increased its holdings in shares of FedEx by 6.2% during the fourth quarter. Czech National Bank now owns 48,737 shares of the shipping service provider's stock valued at $13,711,000 after acquiring an additional 2,828 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its position in shares of FedEx by 11.4% in the 4th quarter. Aprio Wealth Management LLC now owns 1,369 shares of the shipping service provider's stock worth $385,000 after purchasing an additional 140 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction dated 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 sale, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at $5,686,161.85. This represents a 20.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.87% of the company's stock.

FedEx Trading Down 0.1%

FDX stock traded down $0.20 during mid-day trading on Thursday, reaching $231.60. 2,441,668 shares of the stock traded hands, compared to its average volume of 1,805,000. FedEx Co. has a one year low of $194.30 and a one year high of $313.84. The stock has a market capitalization of $55.49 billion, a PE ratio of 14.76, a PEG ratio of 1.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The business has a 50-day moving average price of $223.52 and a two-hundred day moving average price of $257.28.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) 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 prior year, the business posted $3.86 earnings per share. FedEx's revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $1.38 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.38%. FedEx's dividend payout ratio (DPR) is 34.63%.

Analyst Ratings Changes

Several brokerages recently commented on FDX. Bank of America cut their price objective on shares of FedEx from $272.00 to $270.00 and set a "buy" rating on the stock in a research report on Tuesday. Barclays dropped their price target on shares of FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. JPMorgan Chase & Co. reduced their price objective on FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of FedEx in a report on Friday, March 7th. They set a "buy" rating and a $337.00 target price for the company. Finally, BNP Paribas upgraded FedEx from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, FedEx currently has an average rating of "Moderate Buy" and a consensus target price of $297.63.

FedEx Company 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.