Atria Investments Inc Sells 5,324 Shares of FedEx Co. (NYSE:FDX)

Atria Investments Inc trimmed its holdings in shares of FedEx Co. (NYSE:FDX) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,864 shares of the shipping service provider’s stock after selling 5,324 shares during the quarter. Atria Investments Inc’s holdings in FedEx were worth $8,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. ACR Alpine Capital Research LLC grew its stake in FedEx by 62.9% during the 4th quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider’s stock worth $239,909,000 after buying an additional 329,170 shares during the last quarter. Bryn Mawr Capital Management LLC grew its stake in FedEx by 22,317.0% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 322,580 shares of the shipping service provider’s stock worth $90,751,000 after buying an additional 321,141 shares during the last quarter. Franklin Resources Inc. grew its stake in FedEx by 8.6% during 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 during the last quarter. KBC Group NV grew its stake in FedEx by 197.4% during the 4th quarter. KBC Group NV now owns 341,390 shares of the shipping service provider’s stock worth $96,043,000 after buying an additional 226,608 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in FedEx during the 4th quarter worth $56,065,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Stock Performance

NYSE FDX opened at $250.64 on Thursday. The stock has a market capitalization of $60.37 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.11 and a beta of 1.23. FedEx Co. has a twelve month low of $242.92 and a twelve month high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $267.66 and a 200 day moving average of $276.69.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating 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 business had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the prior year, the firm earned $3.99 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. Sell-side analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.20%. FedEx’s payout ratio is currently 35.18%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FDX shares. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Sanford C. Bernstein downgraded FedEx from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Barclays boosted their price target on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Bank of America boosted their price target on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $319.74.

Insider Buying and Selling at FedEx

In related news, EVP John W. Dietrich purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale 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.