Crossmark Global Holdings Inc. Has $2.58 Million Holdings in FedEx Co. (NYSE:FDX)

Crossmark Global Holdings Inc. decreased its holdings in FedEx Co. (NYSE:FDX) by 24.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,158 shares of the shipping service provider’s stock after selling 2,955 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in FedEx were worth $2,576,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. IVC Wealth Advisors LLC raised its holdings in FedEx by 2.0% during the 3rd quarter. IVC Wealth Advisors LLC now owns 1,948 shares of the shipping service provider’s stock valued at $533,000 after acquiring an additional 38 shares during the period. Citizens Financial Group Inc. RI raised its stake in shares of FedEx by 3.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,308 shares of the shipping service provider’s stock valued at $360,000 after purchasing an additional 38 shares during the period. Turtle Creek Wealth Advisors LLC lifted its holdings in FedEx by 4.0% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,020 shares of the shipping service provider’s stock worth $279,000 after purchasing an additional 39 shares in the last quarter. Buckley Wealth Management LLC boosted its stake in FedEx by 1.0% in the 3rd quarter. Buckley Wealth Management LLC now owns 3,975 shares of the shipping service provider’s stock worth $1,088,000 after purchasing an additional 40 shares during the period. Finally, Evermay Wealth Management LLC grew its holdings in FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after buying an additional 40 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

Shares of FedEx stock opened at $270.52 on Thursday. The stock has a market capitalization of $65.16 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The business’s 50 day simple moving average is $282.95 and its two-hundred day simple moving average is $283.61.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS 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 company had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same period in the prior year, the business posted $3.99 EPS. The firm’s revenue was down .7% compared to the same quarter last year. Analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were issued a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.04%. FedEx’s dividend payout ratio is presently 35.18%.

Insider Buying and Selling at FedEx

In related news, CEO Richard W. Smith sold 2,576 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on FDX. JPMorgan Chase & Co. raised their price objective on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Sanford C. Bernstein downgraded FedEx from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $337.00 to $316.00 in a research report on Tuesday, December 3rd. UBS Group boosted their target price on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, Raymond James raised their price target on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $325.61.

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.