FedEx Co. (NYSE:FDX) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. decreased its position in shares of FedEx Co. (NYSE:FDX) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,721 shares of the shipping service provider’s stock after selling 283 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in FedEx were worth $1,047,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Robinson Value Management Ltd. lifted its holdings in shares of FedEx by 1.0% during the 4th quarter. Robinson Value Management Ltd. now owns 5,712 shares of the shipping service provider’s stock worth $1,607,000 after acquiring an additional 54 shares during the period. Quotient Wealth Partners LLC increased its position in FedEx by 14.2% during the fourth quarter. Quotient Wealth Partners LLC now owns 1,099 shares of the shipping service provider’s stock worth $309,000 after purchasing an additional 137 shares during the last quarter. Thompson Investment Management Inc. boosted its holdings in shares of FedEx by 2.1% in the 4th quarter. Thompson Investment Management Inc. now owns 20,394 shares of the shipping service provider’s stock valued at $5,737,000 after purchasing an additional 410 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of FedEx by 8.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 11,231 shares of the shipping service provider’s stock valued at $3,160,000 after buying an additional 859 shares during the period. Finally, Kingsview Wealth Management LLC raised its position in shares of FedEx by 8.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 3,261 shares of the shipping service provider’s stock worth $917,000 after buying an additional 247 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Price Performance

FDX opened at $256.01 on Friday. The firm has a market cap of $61.66 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The company’s 50-day moving average price is $274.59 and its 200 day moving average price is $280.50. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two 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.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same period last year, the business posted $3.99 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.16%. FedEx’s dividend payout ratio (DPR) is 35.18%.

Insider Transactions at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the firm’s 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 in the company, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 3,980 shares of the business’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 in the company, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FDX. Bank of America upped their price target on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Barclays lifted their price target on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. UBS Group increased 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. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, Stephens decreased their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.