FedEx Co. (NYSE:FDX) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG reduced its holdings in FedEx Co. (NYSE:FDX) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,539 shares of the shipping service provider’s stock after selling 1,000 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in FedEx were worth $2,402,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after acquiring an additional 52 shares during the period. Peoples Financial Services CORP. acquired a new stake in shares of FedEx in the fourth quarter valued at about $28,000. City Holding Co. purchased a new stake in FedEx during the fourth quarter worth about $28,000. Kentucky Trust Co acquired a new position in FedEx during the fourth quarter worth about $28,000. Finally, Activest Wealth Management purchased a new position in FedEx in the fourth quarter valued at about $29,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares of the company’s stock, valued at approximately $5,686,161.85. The trade was a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John W. Dietrich acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, 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. Insiders have sold 12,711 shares of company stock valued at $3,312,693 over the last three months. 8.87% of the stock is owned by company insiders.

FedEx Price Performance

FDX stock opened at $241.86 on Wednesday. The company has a market cap of $57.95 billion, a PE ratio of 15.41, a price-to-earnings-growth 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. The stock has a 50-day moving average price of $255.30 and a two-hundred day moving average price of $270.28. FedEx Co. has a 12-month low of $217.22 and a 12-month high of $313.84.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $3.86 EPS. As a group, research analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $1.38 dividend. The ex-dividend date was 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%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. UBS Group decreased their target price on FedEx from $350.00 to $331.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Cfra Research upgraded FedEx to a “hold” rating in a research report on Thursday, March 20th. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company lowered their price objective on shares of FedEx from $275.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $302.71.

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.