FedEx Co. (NYSE:FDX) Shares Sold by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA trimmed its holdings in FedEx Co. (NYSE:FDX) by 16.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,851 shares of the shipping service provider’s stock after selling 4,547 shares during the period. Roffman Miller Associates Inc. PA’s holdings in FedEx were worth $6,710,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Fortitude Family Office LLC increased its position in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares during the last quarter. Evermay Wealth Management LLC increased its position in FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Peoples Financial Services CORP. acquired a new stake in FedEx during the fourth quarter worth about $28,000. City Holding Co. acquired a new stake in FedEx during the fourth quarter worth about $28,000. Finally, Kentucky Trust Co acquired a new stake in FedEx during the fourth quarter worth about $28,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Down 5.4 %

Shares of FedEx stock opened at $253.97 on Monday. FedEx Co. has a 52-week low of $239.07 and a 52-week high of $313.84. The company has a 50 day moving average of $270.75 and a 200 day moving average of $278.13. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $61.17 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.11 and a beta of 1.18.

FedEx (NYSE:FDX) last issued 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. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the previous year, the firm earned $3.99 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. As a group, research analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.38 per share. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.17%. FedEx’s payout ratio is currently 35.18%.

Insiders Place Their Bets

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John W. Dietrich acquired 1,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were bought at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the acquisition, the executive vice president now owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group raised their price objective on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $337.00 to $316.00 in a research report on Tuesday, December 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. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Finally, Barclays increased their target price on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $321.87.

About FedEx

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.