Douglas Lane & Associates LLC Reduces Holdings in FedEx Co. (NYSE:FDX)

Douglas Lane & Associates LLC lessened its position in shares of FedEx Co. (NYSE:FDX) by 2.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,114 shares of the shipping service provider’s stock after selling 223 shares during the quarter. Douglas Lane & Associates LLC’s holdings in FedEx were worth $2,283,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Birch Capital Management LLC lifted its stake in shares of FedEx by 161.3% in the 4th quarter. Birch Capital Management LLC now owns 15,549 shares of the shipping service provider’s stock valued at $4,374,000 after purchasing an additional 9,599 shares during the last quarter. Oliver Luxxe Assets LLC raised its holdings in FedEx by 2.2% in the 4th quarter. Oliver Luxxe Assets LLC now owns 17,617 shares of the shipping service provider’s stock valued at $4,956,000 after buying an additional 378 shares during the period. CWA Asset Management Group LLC boosted its stake in FedEx by 52.2% during the fourth quarter. CWA Asset Management Group LLC now owns 6,563 shares of the shipping service provider’s stock worth $1,846,000 after buying an additional 2,251 shares during the period. Central Pacific Bank Trust Division increased its position in shares of FedEx by 2.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,125 shares of the shipping service provider’s stock valued at $1,160,000 after acquiring an additional 100 shares during the last quarter. Finally, Waller Financial Planning Group Inc. purchased a new stake in shares of FedEx in the 4th quarter valued at approximately $233,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other FedEx news, Director Amy B. Lane purchased 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now directly owns 333 shares in the company, valued at $91,927.98. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John W. Dietrich acquired 1,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. The trade was a 12.40 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of research analyst reports. Citigroup increased their price objective on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price objective on FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday. BMO Capital Markets increased their target price on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. The Goldman Sachs Group dropped their target price on FedEx from $333.00 to $332.00 in a research report on Friday, September 20th. Finally, Stifel Nicolaus raised their price objective on shares of FedEx from $321.00 to $368.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.61.

FedEx Stock Performance

Shares of FDX opened at $274.62 on Thursday. The company has a market capitalization of $67.10 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $283.85 and a 200 day moving average price of $284.47.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the prior year, the business posted $3.99 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Research analysts predict that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is currently 34.05%.

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.