Dixon Hubard Feinour & Brown Inc. VA trimmed its stake in FedEx Co. (NYSE:FDX) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,720 shares of the shipping service provider’s stock after selling 1,470 shares during the period. FedEx accounts for 1.8% of Dixon Hubard Feinour & Brown Inc. VA’s portfolio, making the stock its 17th largest position. Dixon Hubard Feinour & Brown Inc. VA’s holdings in FedEx were worth $4,795,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDX. Northwest Wealth Management LLC increased its position in FedEx by 842.1% during the 4th quarter. Northwest Wealth Management LLC now owns 179 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 160 shares in the last quarter. Sound Income Strategies LLC increased its position in FedEx by 1,666.7% during the 4th quarter. Sound Income Strategies LLC now owns 212 shares of the shipping service provider’s stock valued at $34,000 after buying an additional 200 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in FedEx during the 4th quarter valued at about $43,000. Burt Wealth Advisors increased its position in FedEx by 102.2% during the 4th quarter. Burt Wealth Advisors now owns 277 shares of the shipping service provider’s stock valued at $45,000 after buying an additional 140 shares in the last quarter. Finally, Athena Capital Advisors LLC acquired a new position in FedEx during the 4th quarter valued at about $55,000. 71.39% of the stock is owned by hedge funds and other institutional investors.
In other news, VP John L. Merino sold 2,300 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $182.24, for a total value of $419,152.00. Following the sale, the vice president now owns 30,185 shares in the company, valued at $5,500,914.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David P. Steiner bought 7,000 shares of the stock in a transaction dated Wednesday, January 2nd. The stock was bought at an average price of $162.92 per share, for a total transaction of $1,140,440.00. Following the purchase, the director now directly owns 25,994 shares of the company’s stock, valued at $4,234,942.48. The disclosure for this purchase can be found here. 8.50% of the stock is owned by corporate insiders.
Shares of FDX stock opened at $177.98 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $46.46 billion, a PE ratio of 11.63, a PEG ratio of 0.87 and a beta of 1.63. FedEx Co. has a fifty-two week low of $150.94 and a fifty-two week high of $266.67.
FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, December 18th. The shipping service provider reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.05 by ($0.02). The firm had revenue of $17.82 billion during the quarter, compared to analyst estimates of $17.71 billion. FedEx had a net margin of 7.23% and a return on equity of 24.11%. During the same period in the prior year, the company posted $3.18 earnings per share. Research analysts anticipate that FedEx Co. will post 15.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.46%. FedEx’s payout ratio is 16.98%.
Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $256.00 target price on shares of FedEx in a research report on Tuesday, December 18th. Zacks Investment Research lowered FedEx from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Deutsche Bank reduced their target price on FedEx from $293.00 to $212.00 and set a “buy” rating on the stock in a research report on Wednesday, December 19th. UBS Group reduced their target price on FedEx from $256.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 19th. Finally, Credit Suisse Group reduced their target price on FedEx from $263.00 to $236.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $234.74.
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FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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