Houlihan Financial Resource Group Ltd. Lowers Stock Position in FedEx Co. (NYSE:FDX)

Houlihan Financial Resource Group Ltd. reduced its holdings in FedEx Co. (NYSE:FDX) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,065 shares of the shipping service provider’s stock after selling 60 shares during the period. Houlihan Financial Resource Group Ltd.’s holdings in FedEx were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC increased its stake in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares in the last quarter. Peoples Financial Services CORP. acquired a new stake in shares of FedEx in the fourth quarter worth approximately $28,000. City Holding Co. purchased a new stake in shares of FedEx during the fourth quarter worth approximately $28,000. Kentucky Trust Co acquired a new position in FedEx in the 4th quarter valued at $28,000. Finally, Activest Wealth Management purchased a new position in FedEx in the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Activity at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the company’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 directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the transaction, the chief executive officer now owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This represents a 2.25 % 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 Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of FedEx from $330.00 to $275.00 and set a “market perform” rating for the company in a report on Friday. UBS Group dropped their price objective on shares of FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a research note on Friday. Bank of America decreased their target price on shares of FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a research note on Friday. Oppenheimer restated a “market perform” rating on shares of FedEx in a research report on Friday. Finally, Raymond James reduced their price objective on FedEx from $320.00 to $290.00 and set an “outperform” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $300.60.

FedEx Stock Performance

Shares of FedEx stock opened at $242.27 on Tuesday. 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 stock has a market capitalization of $58.35 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The business has a 50-day moving average of $259.31 and a 200 day moving average of $272.04. FedEx Co. has a 12 month low of $217.22 and a 12 month high of $313.84.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.86 EPS. As a group, sell-side analysts forecast that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s payout ratio is currently 34.63%.

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.