FedEx Co. (NYSE:FDX) Shares Sold by apricus wealth LLC

apricus wealth LLC decreased its holdings in shares of FedEx Co. (NYSE:FDX) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,010 shares of the shipping service provider’s stock after selling 175 shares during the period. apricus wealth LLC’s holdings in FedEx were worth $565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FDX. Virtu Financial LLC acquired a new position in FedEx in the 3rd quarter valued at $3,405,000. Czech National Bank boosted its position in FedEx by 6.4% during the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after purchasing an additional 2,767 shares in the last quarter. Wedmont Private Capital grew its stake in 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 acquiring an additional 91 shares during the last quarter. Persium Advisors LLC acquired a new stake in FedEx during the 4th quarter valued at $530,000. Finally, Magnolia Capital Advisors LLC acquired a new position in FedEx in the 2nd quarter valued at $9,226,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Activity at FedEx

In related news, Director Amy B. Lane purchased 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the transaction, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by corporate insiders.

FedEx Stock Up 1.1 %

Shares of FedEx stock opened at $273.12 on Friday. The firm has a market cap of $65.78 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.12 and a beta of 1.20. The stock has a 50-day simple moving average of $282.07 and a 200-day simple moving average of $283.43. FedEx Co. has a 52-week low of $234.45 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.

FedEx (NYSE:FDX) last posted its 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. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company earned $3.99 EPS. On average, equities research analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.02%. FedEx’s payout ratio is presently 35.18%.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent analyst reports. Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and boosted their target price for the company from $288.00 to $365.00 in a report on Friday, December 20th. UBS Group upped their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Bank of America lifted their price target on shares of FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Stifel Nicolaus reduced their target price on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $325.43.

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.