Geneos Wealth Management Inc. Sells 200 Shares of FedEx Co. (NYSE:FDX)

Geneos Wealth Management Inc. decreased its holdings in FedEx Co. (NYSE:FDX) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,375 shares of the shipping service provider’s stock after selling 200 shares during the period. Geneos Wealth Management Inc.’s holdings in FedEx were worth $387,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Fortitude Family Office LLC raised its position in FedEx by 144.4% in 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 during the last quarter. Evermay Wealth Management LLC grew 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. Peoples Financial Services CORP. purchased a new position in shares of FedEx during the fourth quarter valued at approximately $28,000. City Holding Co. purchased a new stake in FedEx in the fourth quarter worth approximately $28,000. Finally, Highline Wealth Partners LLC bought a new stake in FedEx in the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 1.0 %

FDX stock opened at $278.78 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The business has a 50 day simple moving average of $281.37 and a two-hundred day simple moving average of $283.01. The company has a market capitalization of $67.14 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.12 and a beta of 1.20.

FedEx (NYSE:FDX) last posted its 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. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $3.99 earnings per share. Research analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s payout ratio is presently 35.18%.

Insider Buying and Selling at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total value of $713,371.68. Following the sale, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FDX shares. Wells Fargo & Company increased their price target on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Stephens cut their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $325.43.

FedEx Company 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.