Roberts Glore & Co. Inc. IL Sells 284 Shares of FedEx Co. (NYSE:FDX)

Roberts Glore & Co. Inc. IL lowered its position in FedEx Co. (NYSE:FDX) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,392 shares of the shipping service provider’s stock after selling 284 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in FedEx were worth $1,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FDX. Fortitude Family Office LLC boosted its holdings in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 52 shares in the last quarter. Peoples Financial Services CORP. bought a new position in shares of FedEx in the fourth quarter valued at approximately $28,000. City Holding Co. bought a new position in shares of FedEx in the fourth quarter valued at approximately $28,000. Kentucky Trust Co bought a new position in shares of FedEx in the fourth quarter valued at approximately $28,000. Finally, Activest Wealth Management bought a new position in shares of FedEx in the fourth quarter valued at approximately $29,000. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and dropped their target price for the company from $365.00 to $283.00 in a report on Monday, February 3rd. Stifel Nicolaus dropped their target price on FedEx from $368.00 to $364.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company dropped their target price on FedEx from $320.00 to $275.00 and set an “equal weight” rating on the stock in a report on Thursday. Piper Sandler lowered FedEx to a “neutral” rating in a report on Monday, February 3rd. Finally, UBS Group increased their price target on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average price target of $318.58.

Insider Activity at FedEx

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 stock was bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the purchase, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by corporate insiders.

FedEx Price Performance

FedEx stock opened at $253.80 on Friday. FedEx Co. has a one year low of $242.92 and a one year high of $313.84. The business has a fifty day moving average price of $266.55 and a 200-day moving average price of $276.18. 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 market capitalization of $61.13 billion, a P/E ratio of 16.18, a PEG ratio of 1.11 and a beta of 1.23.

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

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio is 35.18%.

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.