UMB Bank n.a. Sells 3,145 Shares of FedEx Co. (NYSE:FDX)

UMB Bank n.a. trimmed its stake in shares of FedEx Co. (NYSE:FDX) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,593 shares of the shipping service provider’s stock after selling 3,145 shares during the period. UMB Bank n.a.’s holdings in FedEx were worth $3,543,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FDX. Virtu Financial LLC acquired a new position in FedEx during the 3rd quarter worth $3,405,000. Czech National Bank lifted its stake in shares of FedEx by 6.4% during the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock valued at $12,564,000 after acquiring an additional 2,767 shares during the period. Wedmont Private Capital boosted its holdings in FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after acquiring an additional 91 shares during the last quarter. Persium Advisors LLC acquired a new stake in FedEx in the fourth quarter worth about $530,000. Finally, Magnolia Capital Advisors LLC bought a new stake in FedEx during the 2nd quarter worth about $9,226,000. 84.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on FDX. Citigroup lifted their price target on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Loop Capital raised shares of FedEx from a “hold” rating to a “buy” rating and lifted their target price for the stock from $288.00 to $365.00 in a report on Friday, December 20th. Stifel Nicolaus increased their price target on FedEx from $321.00 to $368.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Barclays lifted their price objective on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company increased their target price on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $325.61.

FedEx Trading Down 0.8 %

FedEx stock opened at $275.11 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 firm has a 50-day moving average of $283.48 and a 200-day moving average of $283.87. The company has a market cap of $66.26 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.12 and a beta of 1.20. FedEx Co. has a one year low of $234.45 and a one year high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $3.99 earnings per share. On average, equities analysts expect that FedEx Co. will post 19.2 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Insider Transactions at FedEx

In other FedEx news, Director Amy B. Lane purchased 333 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John W. Dietrich acquired 1,000 shares of FedEx stock in a transaction on Tuesday, January 7th. The shares were bought at an average cost of $273.98 per share, with a total value 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 trade represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is 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.