Achmea Investment Management B.V. Lowers Stake in FedEx Co. (NYSE:FDX)

Achmea Investment Management B.V. lessened its holdings in FedEx Co. (NYSE:FDX) by 18.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 19,011 shares of the shipping service provider’s stock after selling 4,200 shares during the quarter. Achmea Investment Management B.V.’s holdings in FedEx were worth $5,701,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fortis Group Advisors LLC lifted its position in shares of FedEx by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Scarborough Advisors LLC acquired a new position in FedEx during the fourth quarter worth $25,000. Private Wealth Management Group LLC purchased a new position in FedEx during the fourth quarter valued at $28,000. Sachetta LLC purchased a new stake in shares of FedEx during the fourth quarter worth about $32,000. Finally, Central Valley Advisors LLC acquired a new position in shares of FedEx during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FDX. Bank of America lifted their price objective on FedEx from $340.00 to $347.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Raymond James dropped their price target on FedEx from $325.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. Wells Fargo & Company raised their price objective on FedEx from $275.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, June 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $327.00 target price (up previously from $303.00) on shares of FedEx in a report on Wednesday, June 26th. Finally, Evercore ISI decreased their price target on shares of FedEx from $339.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $314.67.

FedEx Trading Up 0.5 %

NYSE FDX opened at $286.16 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.32. The stock has a market capitalization of $70.42 billion, a P/E ratio of 16.61, a PEG ratio of 1.03 and a beta of 1.17. The firm’s 50-day moving average is $293.32 and its two-hundred day moving average is $273.05. FedEx Co. has a 12 month low of $224.69 and a 12 month high of $313.84.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.34 by $0.07. The business had revenue of $22.11 billion for the quarter, compared to the consensus estimate of $22.04 billion. FedEx had a net margin of 4.94% and a return on equity of 16.70%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.94 EPS. On average, sell-side analysts anticipate that FedEx Co. will post 20.82 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, September 9th. This represents a $5.52 annualized dividend and a dividend yield of 1.93%. FedEx’s dividend payout ratio is currently 32.04%.

Insider Activity

In related news, CAO Guy M. Erwin II sold 116 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $299.24, for a total transaction of $34,711.84. Following the transaction, the chief accounting officer now owns 930 shares of the company’s stock, valued at approximately $278,293.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other FedEx news, CAO Guy M. Erwin II sold 116 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total transaction of $34,711.84. Following the sale, the chief accounting officer now directly owns 930 shares in the company, valued at $278,293.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert B. Carter sold 16,010 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $294.48, for a total transaction of $4,714,624.80. Following the completion of the transaction, the executive vice president now directly owns 59,884 shares of the company’s stock, valued at approximately $17,634,640.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,944 shares of company stock valued at $9,882,355. 8.73% of the stock is currently owned by corporate insiders.

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.