Bfsg LLC Reduces Holdings in FedEx Co. (NYSE:FDX)

Bfsg LLC lessened its holdings in FedEx Co. (NYSE:FDX) by 71.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 290 shares of the shipping service provider’s stock after selling 735 shares during the quarter. Bfsg LLC’s holdings in FedEx were worth $82,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FDX. International Assets Investment Management LLC boosted its holdings in shares of FedEx by 473.8% during the 3rd quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock valued at $2,147,540,000 after purchasing an additional 647,926 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of FedEx by 8.6% in the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock worth $1,042,050,000 after buying an additional 314,380 shares in the last quarter. KBC Group NV boosted its stake in FedEx by 197.4% during the fourth quarter. KBC Group NV now owns 341,390 shares of the shipping service provider’s stock valued at $96,043,000 after buying an additional 226,608 shares during the last quarter. World Investment Advisors LLC grew its holdings in FedEx by 2,163.7% during the 3rd quarter. World Investment Advisors LLC now owns 192,441 shares of the shipping service provider’s stock valued at $52,667,000 after buying an additional 183,940 shares in the last quarter. Finally, Empirical Asset Management LLC bought a new stake in FedEx in the 4th quarter worth approximately $49,445,000. 84.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their target price on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. BMO Capital Markets lifted their price objective on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. boosted their target price on shares of FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Finally, StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $321.87.

Insider Activity at FedEx

In other FedEx news, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction dated 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 acquisition, the director now owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John W. Dietrich bought 1,000 shares of FedEx stock in a transaction that occurred 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. This represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.

FedEx Stock Performance

FDX stock opened at $267.02 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a 1-year low of $235.32 and a 1-year high of $313.84. The business has a 50-day moving average price of $271.65 and a 200 day moving average price of $278.45. The company has a market capitalization of $64.31 billion, a P/E ratio of 17.02, a PEG ratio of 1.11 and a beta of 1.18.

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, topping the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion during 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%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.99 EPS. As a group, equities research analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

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.