Dynamic Advisor Solutions LLC Cuts Position in FedEx Co. (NYSE:FDX)

Dynamic Advisor Solutions LLC decreased its position in shares of FedEx Co. (NYSE:FDX) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,043 shares of the shipping service provider’s stock after selling 546 shares during the period. Dynamic Advisor Solutions LLC’s holdings in FedEx were worth $1,700,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of FedEx during the 3rd quarter valued at about $3,405,000. Czech National Bank boosted its stake in FedEx by 6.4% in the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after buying an additional 2,767 shares in the last quarter. Wedmont Private Capital grew its position in FedEx by 4.1% during the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after acquiring an additional 91 shares during the last quarter. Persium Advisors LLC purchased a new position in shares of FedEx during the fourth quarter worth approximately $530,000. Finally, Magnolia Capital Advisors LLC bought a new stake in shares of FedEx in the 2nd quarter worth approximately $9,226,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other FedEx news, EVP John W. Dietrich purchased 1,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the acquisition, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of FedEx 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 completion of the sale, the director now owns 8,904 shares of the company’s stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FDX. Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and lifted their target price for the stock from $288.00 to $365.00 in a research report on Friday, December 20th. Wells Fargo & Company boosted their target price on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. TD Cowen raised their price target on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Bank of America boosted their price objective on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, UBS Group raised their target price on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $325.43.

FedEx Stock Up 1.1 %

NYSE:FDX opened at $273.12 on Friday. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The company has a market capitalization of $65.78 billion, a PE ratio of 17.41, a P/E/G ratio of 1.12 and a beta of 1.20. The firm’s 50-day moving average price is $281.64 and its 200-day moving average price is $283.27. 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 earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter last year, the firm earned $3.99 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.02%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is 35.18%.

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.