FedEx Co. (NYSE:FDX) Position Lowered by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC reduced its position in shares of FedEx Co. (NYSE:FDX) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,293 shares of the shipping service provider’s stock after selling 100 shares during the period. FedEx comprises approximately 6.2% of Silverleafe Capital Partners LLC’s portfolio, making the stock its 4th largest position. Silverleafe Capital Partners LLC’s holdings in FedEx were worth $19,494,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts recently commented on FDX shares. Stifel Nicolaus lifted their target price on FedEx from $321.00 to $368.00 and gave the company a “buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group cut their price objective on shares of FedEx from $333.00 to $332.00 in a research report on Friday, September 20th. Raymond James increased their price target on shares of FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. UBS Group increased their target price on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, Stephens decreased their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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 that occurred on Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now directly owns 333 shares in the company, valued at $91,927.98. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.87% of the company’s stock.

FedEx Stock Up 1.1 %

Shares of FDX stock traded up $3.02 during trading hours on Monday, reaching $277.43. The company had a trading volume of 600,469 shares, compared to its average volume of 1,000,709. The stock’s fifty day simple moving average is $283.87 and its 200 day simple moving average is $284.23. The company has a market capitalization of $66.82 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.17 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84.

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

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio is currently 35.18%.

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.