FedEx Co. (NYSE:FDX) Shares Sold by Tweedy Browne Co LLC

Tweedy Browne Co LLC lowered its stake in FedEx Co. (NYSE:FDX) by 24.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,859 shares of the shipping service provider’s stock after selling 38,367 shares during the period. FedEx makes up approximately 2.3% of Tweedy Browne Co LLC’s portfolio, making the stock its 10th biggest holding. Tweedy Browne Co LLC’s holdings in FedEx were worth $33,439,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FDX. bLong Financial LLC purchased a new position in FedEx during the 4th quarter worth $391,000. Virtu Financial LLC acquired a new stake in FedEx in the third quarter valued at about $3,405,000. Lodestone Wealth Management LLC purchased a new stake in FedEx in the 4th quarter valued at approximately $461,000. Wedmont Private Capital increased its position in FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after purchasing an additional 91 shares during the period. Finally, GFS Advisors LLC purchased a new position in shares of FedEx during the 4th quarter worth approximately $26,855,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

NYSE FDX opened at $244.07 on Tuesday. The business’s 50-day moving average price is $255.97 and its 200 day moving average price is $270.59. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a twelve month low of $217.22 and a twelve month high of $313.84. The company has a market capitalization of $58.48 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX) last released its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same period in the prior year, the business posted $3.86 earnings per share. FedEx’s revenue was up 1.9% 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is currently 34.63%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FDX. Deutsche Bank Aktiengesellschaft assumed coverage on FedEx in a report on Friday, March 7th. They set a “buy” rating and a $337.00 price objective on the stock. Truist Financial started coverage on shares of FedEx in a report on Thursday, March 13th. They issued a “buy” rating and a $305.00 price target for the company. Piper Sandler downgraded shares of FedEx to a “neutral” rating in a report on Monday, February 3rd. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Finally, Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $302.71.

Insider Transactions at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares of the company’s stock, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John W. Dietrich bought 1,000 shares of FedEx stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 12,711 shares of company stock worth $3,312,693 in the last three months. 8.87% of the stock is currently owned by company insiders.

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.