Moody National Bank Trust Division Cuts Stock Position in FedEx Co. (NYSE:FDX)

Moody National Bank Trust Division trimmed its position in shares of FedEx Co. (NYSE:FDX) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,556 shares of the shipping service provider’s stock after selling 65 shares during the period. Moody National Bank Trust Division’s holdings in FedEx were worth $1,282,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in FedEx in the third quarter worth $3,405,000. Czech National Bank increased its holdings in shares of FedEx by 6.4% in the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after buying an additional 2,767 shares during the period. Magnolia Capital Advisors LLC bought a new stake in shares of FedEx in the 2nd quarter valued at about $9,226,000. Raymond James & Associates boosted its holdings in FedEx by 6.9% during the 3rd quarter. Raymond James & Associates now owns 485,698 shares of the shipping service provider’s stock valued at $132,926,000 after acquiring an additional 31,241 shares during the period. Finally, CWA Asset Management Group LLC grew its position in FedEx by 52.2% during the 4th quarter. CWA Asset Management Group LLC now owns 6,563 shares of the shipping service provider’s stock worth $1,846,000 after acquiring an additional 2,251 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. HSBC lowered shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price target for the company. in a report on Friday, September 20th. Stephens decreased their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, December 20th. Stifel Nicolaus increased their target price on shares of FedEx from $321.00 to $368.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, Bank of America boosted their price target on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $325.61.

FedEx Stock Performance

Shares of FDX opened at $274.46 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The stock has a market cap of $66.10 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.18 and a beta of 1.20. The business’s 50 day moving average price is $283.85 and its 200-day moving average price is $284.46. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84.

FedEx (NYSE:FDX) last released its 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. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the previous year, the company posted $3.99 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

Insider Transactions at FedEx

In other FedEx news, EVP John W. Dietrich acquired 1,000 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the acquisition, the executive vice president now owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Amy B. Lane bought 333 shares of the stock in a transaction on Thursday, December 26th. The shares were bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the purchase, the director now directly owns 333 shares in the company, 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 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.