FedEx Co. (NYSE:FDX) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its position in FedEx Co. (NYSE:FDX) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,004 shares of the shipping service provider’s stock after selling 230 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in FedEx were worth $1,970,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC raised its stake in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after acquiring an additional 52 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in FedEx in the fourth quarter worth about $28,000. City Holding Co. bought a new position in FedEx in the 4th quarter valued at about $28,000. Kentucky Trust Co acquired a new position in FedEx during the 4th quarter valued at about $28,000. Finally, Activest Wealth Management bought a new stake in shares of FedEx during the 4th quarter worth about $29,000. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

Shares of FedEx stock opened at $245.45 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. The company has a market cap of $58.81 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The firm has a fifty day moving average price of $254.79 and a two-hundred day moving average price of $270.10. FedEx Co. has a fifty-two week low of $217.22 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last released its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter in the previous year, the business posted $3.86 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Monday, March 10th. FedEx’s dividend payout ratio is presently 34.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FDX shares. Wells Fargo & Company lowered their price objective on shares of FedEx from $275.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Loop Capital downgraded FedEx from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $283.00 to $221.00 in a research note on Friday, March 21st. Barclays cut their price objective on FedEx from $365.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Truist Financial started coverage on FedEx in a report on Thursday, March 13th. They set a “buy” rating and a $305.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of FedEx in a report on Friday, March 7th. They issued a “buy” rating and a $337.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.71.

Insider Activity at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the 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 completion of the transaction, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,711 shares of company stock worth $3,312,693. 8.87% of the stock is owned by corporate insiders.

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.