Chicago Partners Investment Group LLC Sells 73 Shares of FedEx Co. (NYSE:FDX)

Chicago Partners Investment Group LLC lessened its holdings in FedEx Co. (NYSE:FDXFree Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,566 shares of the shipping service provider’s stock after selling 73 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in FedEx were worth $431,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in shares of FedEx in the third quarter worth about $3,405,000. Czech National Bank raised its holdings in FedEx by 6.4% during the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after purchasing an additional 2,767 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after acquiring an additional 91 shares during the last quarter. Persium Advisors LLC acquired a new position in shares of FedEx in the fourth quarter worth $530,000. Finally, Assenagon Asset Management S.A. grew its position in shares of FedEx by 137.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 227,965 shares of the shipping service provider’s stock valued at $64,133,000 after purchasing an additional 132,036 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Transactions at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy B. Lane acquired 333 shares of the company’s stock in a transaction dated 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 owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the topic of a number of recent research reports. Bank of America boosted their price objective on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Raymond James boosted their price target on FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Stifel Nicolaus lowered their target price on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. increased their price target on FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus target price of $321.87.

View Our Latest Stock Analysis on FDX

FedEx Stock Down 6.6 %

NYSE FDX opened at $247.34 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The firm has a 50-day simple moving average of $279.62 and a 200 day simple moving average of $282.02. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84. The stock has a market cap of $59.57 billion, a PE ratio of 15.76, a PEG ratio of 1.10 and a beta of 1.20.

FedEx (NYSE:FDXGet Free Report) last announced 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 net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter last year, the company earned $3.99 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given 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 2.23%. FedEx’s dividend payout ratio is 35.18%.

About FedEx

(Free Report)

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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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