Skylands Capital LLC Has $2.38 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Skylands Capital LLC trimmed its stake in FedEx Co. (NYSE:FDX) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,475 shares of the shipping service provider’s stock after selling 650 shares during the quarter. Skylands Capital LLC’s holdings in FedEx were worth $2,384,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Rothschild Investment LLC grew its holdings in FedEx by 0.6% in the fourth quarter. Rothschild Investment LLC now owns 16,115 shares of the shipping service provider’s stock worth $4,534,000 after purchasing an additional 99 shares during the period. Crestwood Advisors Group LLC acquired a new stake in FedEx in the fourth quarter worth $227,000. IFP Advisors Inc grew its holdings in FedEx by 10.7% in the fourth quarter. IFP Advisors Inc now owns 6,773 shares of the shipping service provider’s stock worth $1,906,000 after purchasing an additional 652 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in FedEx in the fourth quarter worth $458,000. Finally, Cabot Wealth Management Inc. grew its holdings in FedEx by 0.6% in the fourth quarter. Cabot Wealth Management Inc. now owns 57,067 shares of the shipping service provider’s stock worth $16,055,000 after purchasing an additional 314 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Stephens reduced their price target on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Stifel Nicolaus reduced their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Raymond James cut shares of FedEx from an “outperform” rating to a “market perform” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.87.

Insider Activity at FedEx

In other news, Director Amy B. Lane purchased 333 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were acquired at an average price of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the firm’s 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 directly owns 111,886 shares in the company, 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. 8.87% of the stock is owned by insiders.

FedEx Stock Performance

FedEx stock opened at $253.97 on Monday. The firm’s fifty day moving average price is $270.75 and its 200-day moving average price is $278.13. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The stock has a market cap of $61.17 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. FedEx Co. has a fifty-two week low of $239.07 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate 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%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio is currently 35.18%.

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.