Regent Peak Wealth Advisors LLC Sells 89 Shares of FedEx Co. (NYSE:FDX)

Regent Peak Wealth Advisors LLC lowered its position in FedEx Co. (NYSE:FDX) by 8.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,025 shares of the shipping service provider’s stock after selling 89 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in FedEx were worth $288,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Evermay Wealth Management LLC boosted its stake in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after acquiring an additional 40 shares during the period. Highline Wealth Partners LLC bought a new position in FedEx in the 3rd quarter worth approximately $31,000. Abound Wealth Management grew its holdings in FedEx by 175.9% during the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after buying an additional 95 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of FedEx during the third quarter valued at approximately $47,000. Finally, Sachetta LLC lifted its holdings in shares of FedEx by 29.1% in the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 0.9 %

FDX stock traded up $2.38 during trading on Tuesday, hitting $276.35. The company had a trading volume of 586,707 shares, compared to its average volume of 1,169,960. The firm has a market capitalization of $66.56 billion, a P/E ratio of 17.05, a PEG ratio of 1.17 and a beta of 1.20. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The company has a 50 day simple moving average of $283.83 and a 200-day simple moving average of $284.39.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm 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 posted $3.99 earnings per share. The company’s revenue was down .7% on a year-over-year basis. As a group, research analysts forecast that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s payout ratio is 35.18%.

Analysts Set New Price Targets

A number of brokerages have issued reports on FDX. TD Cowen lifted their price target on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a report on Friday, December 20th. HSBC cut FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price on the stock. in a report on Friday, September 20th. Bernstein Bank raised their price target on FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a report on Friday, September 20th. UBS Group upped their price objective on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $324.88.

Insider Activity

In other FedEx news, Director Amy B. Lane acquired 333 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now owns 333 shares in the company, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 8.87% of the company’s stock.

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.