Alpha Omega Wealth Management LLC Sells 85 Shares of FedEx Co. (NYSE:FDX)

Alpha Omega Wealth Management LLC trimmed its holdings in FedEx Co. (NYSE:FDX) by 8.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 912 shares of the shipping service provider’s stock after selling 85 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in FedEx were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in FDX. Virtu Financial LLC purchased a new stake in FedEx during the 3rd quarter worth about $3,405,000. Czech National Bank lifted its holdings in shares of 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 stake 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 in the last quarter. Persium Advisors LLC bought a new stake in FedEx during the 4th quarter worth approximately $530,000. Finally, Assenagon Asset Management S.A. lifted its stake in FedEx by 137.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 227,965 shares of the shipping service provider’s stock worth $64,133,000 after purchasing an additional 132,036 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Insider Activity at FedEx

In related news, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FDX. Wells Fargo & Company boosted their price target on shares of FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Barclays boosted their target price on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets lifted their price target on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Stifel Nicolaus decreased their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, TD Cowen lifted their target price on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. One 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $325.43.

FedEx Trading Down 1.6 %

NYSE:FDX opened at $264.96 on Friday. The firm has a market capitalization of $63.82 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.14 and a beta of 1.20. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. 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 fifty day moving average of $279.62 and a 200 day moving average of $282.44.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share 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 analyst estimates of $22.14 billion. During the same period in the prior year, the business posted $3.99 earnings per share. FedEx’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts predict that FedEx Co. will post 19.14 earnings per share 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 paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s payout ratio is 35.18%.

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.