Accent Capital Management LLC Has $213,000 Holdings in FedEx Co. (NYSE:FDX)

Accent Capital Management LLC decreased its position in shares of FedEx Co. (NYSE:FDX) by 90.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 750 shares of the shipping service provider’s stock after selling 7,402 shares during the period. Accent Capital Management LLC’s holdings in FedEx were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Allstate Corp bought a new stake in shares of FedEx during the 4th quarter worth $1,934,000. DnB Asset Management AS boosted its stake in shares of FedEx by 0.4% in the 4th quarter. DnB Asset Management AS now owns 61,826 shares of the shipping service provider’s stock valued at $17,394,000 after purchasing an additional 249 shares in the last quarter. Norges Bank bought a new stake in shares of FedEx during the 4th quarter valued at approximately $807,352,000. Blair William & Co. IL lifted its stake in FedEx by 2.2% in the 4th quarter. Blair William & Co. IL now owns 27,870 shares of the shipping service provider’s stock valued at $7,841,000 after purchasing an additional 593 shares during the last quarter. Finally, NEOS Investment Management LLC boosted its position in FedEx by 28.5% in the fourth quarter. NEOS Investment Management LLC now owns 11,183 shares of the shipping service provider’s stock valued at $3,146,000 after buying an additional 2,483 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price target on FedEx from $323.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, March 21st. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Sanford C. Bernstein downgraded shares of FedEx from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. BMO Capital Markets cut their target price on FedEx from $330.00 to $275.00 and set a “market perform” rating on the stock in a research report on Friday, March 21st. Finally, Raymond James lowered their target price on FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $302.71.

Insider Transactions at FedEx

In other FedEx news, 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 value of $1,100,271.00. Following the sale, the director now owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO John Alan Smith sold 6,155 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction 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 trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,711 shares of company stock valued at $3,312,693. 8.87% of the stock is currently owned by corporate insiders.

FedEx Stock Down 0.9 %

Shares of NYSE FDX opened at $241.75 on Friday. FedEx Co. has a one year low of $217.22 and a one year high of $313.84. The business’s fifty day moving average price is $256.59 and its 200-day moving average price is $271.07. The stock has a market capitalization of $58.22 billion, a PE ratio of 15.41, a P/E/G ratio of 1.11 and a beta of 1.23. 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 announced its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22.16 billion for the quarter, compared to analysts’ expectations of $21.96 billion. During the same quarter in the previous year, the company posted $3.86 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.28%. FedEx’s dividend payout ratio is currently 34.63%.

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.