Generali Investments Towarzystwo Funduszy Inwestycyjnych Sells 150 Shares of FedEx Co. (NYSE:FDX)

Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced its position in shares of FedEx Co. (NYSE:FDX) by 14.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 900 shares of the shipping service provider’s stock after selling 150 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in FedEx were worth $253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. grew its stake in shares of FedEx by 4.9% in the fourth quarter. QRG Capital Management Inc. now owns 73,442 shares of the shipping service provider’s stock worth $20,661,000 after acquiring an additional 3,461 shares during the period. Proficio Capital Partners LLC bought a new position in shares of FedEx in the fourth quarter worth approximately $56,065,000. WT Wealth Management boosted its position in shares of FedEx by 4.8% in the fourth quarter. WT Wealth Management now owns 8,714 shares of the shipping service provider’s stock worth $2,452,000 after purchasing an additional 403 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of FedEx by 2.1% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 93,300 shares of the shipping service provider’s stock worth $26,248,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Lineweaver Wealth Advisors LLC boosted its position in shares of FedEx by 28.2% during the fourth quarter. Lineweaver Wealth Advisors LLC now owns 8,101 shares of the shipping service provider’s stock worth $2,286,000 after acquiring an additional 1,782 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

FDX opened at $258.62 on Friday. FedEx Co. has a 12-month low of $239.07 and a 12-month high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $62.29 billion, a PE ratio of 16.48, a P/E/G ratio of 1.11 and a beta of 1.18. The firm has a 50 day moving average of $269.04 and a two-hundred day moving average of $277.52.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm posted $3.99 EPS. On average, analysts anticipate 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 issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is 35.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FDX. Raymond James lowered shares of FedEx from an “outperform” rating to a “market perform” rating in a research report on Monday, February 3rd. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. UBS Group raised their price target on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Finally, Piper Sandler cut shares of FedEx to a “neutral” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.87.

Insider Activity 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 sale, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John W. Dietrich bought 1,000 shares of the stock in a transaction 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 purchase, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. The trade was 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 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.