Baxter Bros Inc. Sells 125 Shares of FedEx Co. (NYSE:FDX)

Baxter Bros Inc. reduced its position in shares of FedEx Co. (NYSE:FDX) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,657 shares of the shipping service provider’s stock after selling 125 shares during the quarter. Baxter Bros Inc.’s holdings in FedEx were worth $2,998,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Trust Company N.A lifted its stake in FedEx by 0.5% during the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider’s stock worth $2,230,000 after purchasing an additional 40 shares during the last quarter. Griffin Asset Management Inc. raised its holdings in shares of FedEx by 0.4% during the fourth quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider’s stock valued at $2,916,000 after buying an additional 40 shares during the last quarter. Aviso Financial Inc. boosted its position in FedEx by 1.2% during the 4th quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider’s stock worth $957,000 after acquiring an additional 40 shares during the period. Richard P Slaughter Associates Inc increased its stake in FedEx by 0.5% during the 4th quarter. Richard P Slaughter Associates Inc now owns 8,107 shares of the shipping service provider’s stock valued at $2,281,000 after buying an additional 42 shares during the period. Finally, WealthPlan Investment Management LLC raised its holdings in FedEx by 2.6% during the fourth quarter. WealthPlan Investment Management LLC now owns 1,680 shares of the shipping service provider’s stock worth $473,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on FDX shares. Jefferies Financial Group upgraded shares of FedEx from a “hold” rating to a “buy” rating and dropped their target price for the stock from $300.00 to $275.00 in a report on Monday. Bank of America dropped their target price on FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a report on Friday. Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $337.00 to $316.00 in a research report on Tuesday, December 3rd. BMO Capital Markets decreased their price objective on shares of FedEx from $330.00 to $275.00 and set a “market perform” rating for the company in a report on Friday. Finally, Stephens reduced their price objective on shares of FedEx from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $300.60.

FedEx Stock Up 5.2 %

Shares of FDX opened at $242.27 on Tuesday. The stock’s 50-day moving average price is $259.31 and its two-hundred day moving average price is $272.04. FedEx Co. has a 12 month low of $217.22 and a 12 month high of $313.84. The company has a market capitalization of $58.35 billion, a PE ratio of 15.44, a PEG ratio of 1.11 and a beta of 1.23. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. During the same quarter in the previous year, the business posted $3.86 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. 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 paid a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.28%. FedEx’s dividend payout ratio is presently 34.63%.

Insider Buying and Selling at FedEx

In other news, Director Amy B. Lane bought 333 shares of FedEx 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 purchase, the director now directly owns 333 shares in the company, valued at $91,927.98. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

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.