Mayflower Financial Advisors LLC Cuts Position in FedEx Co. (NYSE:FDX)

Mayflower Financial Advisors LLC reduced its holdings in shares of FedEx Co. (NYSE:FDX) by 3.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,666 shares of the shipping service provider’s stock after selling 53 shares during the period. Mayflower Financial Advisors LLC’s holdings in FedEx were worth $469,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of FedEx by 7.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 34,330 shares of the shipping service provider’s stock worth $10,298,000 after purchasing an additional 2,265 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of FedEx by 19.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 686 shares of the shipping service provider’s stock valued at $206,000 after buying an additional 112 shares during the period. Regal Investment Advisors LLC lifted its position in FedEx by 26.2% during the 2nd quarter. Regal Investment Advisors LLC now owns 1,950 shares of the shipping service provider’s stock worth $585,000 after acquiring an additional 405 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in FedEx by 23.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 3,829 shares of the shipping service provider’s stock worth $1,148,000 after acquiring an additional 737 shares during the period. Finally, Ariadne Wealth Management LP acquired a new stake in FedEx in the second quarter valued at approximately $103,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Transactions at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the transaction, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy B. Lane purchased 333 shares of the stock in a transaction dated Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

FedEx Trading Down 1.2 %

NYSE:FDX opened at $275.34 on Thursday. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. 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 business has a 50 day simple moving average of $281.09 and a 200 day simple moving average of $282.86. The firm has a market capitalization of $66.32 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.12 and a beta of 1.20.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS 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 analyst estimates of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.99 earnings per share. Equities research analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup upped their target price on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Stephens decreased their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, December 20th. Bank of America lifted their target price on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Raymond James increased their price target on FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, TD Cowen lifted their price objective on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.43.

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.