Appleton Partners Inc. MA lessened its holdings in FedEx Co. (NYSE:FDX) by 10.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,396 shares of the shipping service provider’s stock after selling 169 shares during the quarter. Appleton Partners Inc. MA’s holdings in FedEx were worth $253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Berman Capital Advisors LLC acquired a new position in shares of FedEx in the 4th quarter valued at $25,000. Cordasco Financial Network lifted its position in FedEx by 181.8% in the 1st quarter. Cordasco Financial Network now owns 155 shares of the shipping service provider’s stock valued at $28,000 after acquiring an additional 100 shares in the last quarter. Northwest Wealth Management LLC lifted its position in FedEx by 842.1% in the 4th quarter. Northwest Wealth Management LLC now owns 179 shares of the shipping service provider’s stock valued at $29,000 after acquiring an additional 160 shares in the last quarter. Sound Income Strategies LLC lifted its position in FedEx by 1,666.7% in the 4th quarter. Sound Income Strategies LLC now owns 212 shares of the shipping service provider’s stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC lifted its position in FedEx by 52.5% in the 1st quarter. Advocacy Wealth Management Services LLC now owns 183 shares of the shipping service provider’s stock valued at $34,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 71.70% of the company’s stock.

In related news, CEO Frederick W. Smith sold 155,650 shares of FedEx stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $189.83, for a total value of $29,547,039.50. Following the sale, the chief executive officer now owns 14,945,124 shares of the company’s stock, valued at approximately $2,837,032,888.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan C. Schwab sold 3,000 shares of FedEx stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $175.11, for a total transaction of $525,330.00. The disclosure for this sale can be found here. Insiders sold a total of 187,950 shares of company stock worth $35,170,622 in the last ninety days. 8.50% of the stock is currently owned by insiders.

Several equities analysts have commented on the stock. Credit Suisse Group reissued a “buy” rating and set a $241.00 target price on shares of FedEx in a research report on Monday, April 1st. Zacks Investment Research cut shares of FedEx from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. JPMorgan Chase & Co. cut shares of FedEx from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $227.00 to $202.00 in a research report on Wednesday, March 20th. Morgan Stanley dropped their target price on shares of FedEx from $156.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 20th. Finally, BMO Capital Markets dropped their target price on shares of FedEx to $215.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $214.19.

NYSE:FDX opened at $198.15 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.40 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $51.63 billion, a P/E ratio of 12.94, a P/E/G ratio of 0.99 and a beta of 1.62. FedEx Co. has a 12 month low of $150.94 and a 12 month high of $266.67.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, March 19th. The shipping service provider reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.07). The company had revenue of $17.01 billion during the quarter, compared to the consensus estimate of $17.70 billion. FedEx had a return on equity of 22.67% and a net margin of 5.25%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $3.72 EPS. As a group, sell-side analysts expect that FedEx Co. will post 15.48 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.31%. FedEx’s dividend payout ratio (DPR) is presently 16.98%.

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FedEx Company Profile

FedEx Corp. engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, TNT Express, FedEx Ground, FedEx Freight, FedEx Services, and Other. The FedEx Express segment consists of domestic and international shipping services for delivery of packages, and freight.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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