FedEx Co. (NYSE:FDX) Stock Position Trimmed by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA decreased its position in FedEx Co. (NYSE:FDX) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,675 shares of the shipping service provider’s stock after selling 67 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in FedEx were worth $471,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FDX. International Assets Investment Management LLC lifted its position in FedEx by 473.8% in the third quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock worth $2,147,540,000 after purchasing an additional 647,926 shares during the period. Franklin Resources Inc. raised its stake in shares of FedEx by 8.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock worth $1,042,050,000 after buying an additional 314,380 shares in the last quarter. KBC Group NV lifted its holdings in shares of FedEx by 197.4% in the fourth quarter. KBC Group NV now owns 341,390 shares of the shipping service provider’s stock valued at $96,043,000 after buying an additional 226,608 shares during the period. World Investment Advisors LLC boosted its stake in FedEx by 2,163.7% during the third quarter. World Investment Advisors LLC now owns 192,441 shares of the shipping service provider’s stock valued at $52,667,000 after buying an additional 183,940 shares in the last quarter. Finally, Empirical Asset Management LLC acquired a new position in FedEx during the fourth quarter worth about $49,445,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insiders Place Their Bets

In other FedEx news, Director Amy B. Lane purchased 333 shares of the stock in a transaction on Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup upped their target price on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. TD Cowen raised their price objective on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. BMO Capital Markets upped their target price on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and raised their price target for the stock from $288.00 to $365.00 in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. One 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $325.43.

FedEx Stock Performance

Shares of FDX opened at $276.28 on Monday. 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 one year low of $234.45 and a one year high of $313.84. The company’s fifty day moving average price is $281.64 and its 200 day moving average price is $283.13. The company has a market capitalization of $66.54 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. The business had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.99 EPS. As a group, analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 2.00%. The ex-dividend date was Monday, December 9th. FedEx’s 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.