FedEx Co. (NYSE:FDX) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lessened its position in FedEx Co. (NYSE:FDX) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,349 shares of the shipping service provider’s stock after selling 587 shares during the period. Valeo Financial Advisors LLC’s holdings in FedEx were worth $3,755,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of FedEx in the 3rd quarter valued at about $3,405,000. Wedmont Private Capital increased its holdings in shares of FedEx by 4.1% in the 4th 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. GFS Advisors LLC purchased a new position in shares of FedEx in the 4th quarter valued at about $26,855,000. Persium Advisors LLC purchased a new position in shares of FedEx in the 4th quarter valued at about $530,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of FedEx by 137.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 227,965 shares of the shipping service provider’s stock valued at $64,133,000 after purchasing an additional 132,036 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

FDX opened at $267.83 on Friday. The stock has a market capitalization of $64.51 billion, a PE ratio of 17.07, a P/E/G ratio of 1.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The company’s 50 day simple moving average is $272.65 and its 200 day simple moving average is $279.45.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.99 earnings per share. As a group, sell-side analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.06%. FedEx’s payout ratio is currently 35.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FDX shares. JPMorgan Chase & Co. increased their price target on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Raymond James raised their target price on shares of FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 20th. TD Cowen raised their target price on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a report on Friday, December 20th. Barclays raised their target price on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Loop Capital downgraded shares of FedEx from a “buy” rating to a “hold” rating and dropped their target price for the company from $365.00 to $283.00 in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.87.

Insider Transactions at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the sale, the chief executive officer now owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

About FedEx

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.