MML Investors Services LLC cut its position in FedEx Co. (NYSE:FDX - Free Report) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,730 shares of the shipping service provider's stock after selling 2,815 shares during the quarter. MML Investors Services LLC's holdings in FedEx were worth $6,676,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. bLong Financial LLC bought a new stake in FedEx in the 4th quarter valued at about $391,000. Virtu Financial LLC acquired a new stake in shares of FedEx during the 3rd quarter worth $3,405,000. Lodestone Wealth Management LLC bought a new position in shares of FedEx in the fourth quarter worth $461,000. Wedmont Private Capital raised its stake in FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock valued at $631,000 after purchasing an additional 91 shares in the last quarter. Finally, GFS Advisors LLC acquired a new stake in FedEx during the fourth quarter worth about $26,855,000. 84.47% of the stock is owned by institutional investors.
Insider Buying and Selling at FedEx
In other FedEx news, COO John Alan Smith sold 6,155 shares of the firm'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 owns 23,347 shares of the company's stock, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.87% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on FDX. BNP Paribas raised shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. Raymond James lowered their price target on FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Cfra Research raised FedEx to a "hold" rating in a research note on Thursday, March 20th. Jefferies Financial Group raised shares of FedEx from a "hold" rating to a "buy" rating and dropped their target price for the stock from $300.00 to $275.00 in a report on Monday, March 24th. Finally, Stifel Nicolaus lowered their price objective on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $297.71.
View Our Latest Stock Report on FDX
FedEx Stock Performance
Shares of NYSE:FDX traded down $2.43 during trading on Wednesday, hitting $207.42. 198,474 shares of the company were exchanged, compared to its average volume of 1,775,572. The company has a market cap of $49.70 billion, a PE ratio of 13.21, a P/E/G ratio of 1.11 and a beta of 1.24. FedEx Co. has a 52-week low of $194.30 and a 52-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 stock has a 50 day moving average of $231.19 and a 200 day moving average of $261.06.
FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter last year, the business posted $3.86 earnings per share. FedEx's revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts predict that FedEx Co. will post 19.14 EPS for the current year.
FedEx Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Monday, March 10th. FedEx's dividend payout ratio (DPR) is currently 34.63%.
FedEx Profile
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Free Report)
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.
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