Herold Advisors Inc. Sells 150 Shares of FedEx Co. (NYSE:FDX)

Herold Advisors Inc. lessened its position in FedEx Co. (NYSE:FDX) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,760 shares of the shipping service provider’s stock after selling 150 shares during the period. Herold Advisors Inc.’s holdings in FedEx were worth $698,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sentry LLC bought a new stake in shares of FedEx during the fourth quarter worth $1,811,748,000. Mizuho Markets Americas LLC bought a new stake in shares of FedEx during the third quarter worth $496,611,000. FMR LLC increased its position in shares of FedEx by 29.1% during the third quarter. FMR LLC now owns 4,063,938 shares of the shipping service provider’s stock worth $1,076,619,000 after acquiring an additional 916,555 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of FedEx by 33,890.5% during the fourth quarter. International Assets Investment Management LLC now owns 651,597 shares of the shipping service provider’s stock worth $166,972,000 after acquiring an additional 649,680 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of FedEx by 144.4% during the third quarter. Ameriprise Financial Inc. now owns 1,008,037 shares of the shipping service provider’s stock worth $267,135,000 after acquiring an additional 595,628 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

NYSE FDX opened at $265.75 on Friday. The firm has a 50-day moving average of $262.17 and a 200-day moving average of $254.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.26 and a current ratio of 1.31. The stock has a market cap of $65.40 billion, a PE ratio of 15.33, a P/E/G ratio of 1.25 and a beta of 1.21. FedEx Co. has a 52-week low of $213.80 and a 52-week high of $291.27.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $0.37. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.95 billion. FedEx had a net margin of 5.02% and a return on equity of 16.60%. FedEx’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.41 EPS. On average, sell-side analysts anticipate that FedEx Co. will post 17.69 EPS for the current year.

FedEx declared that its board has approved a stock repurchase plan on Thursday, March 21st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the shipping service provider to purchase up to 7.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Friday, March 8th. FedEx’s dividend payout ratio is 29.07%.

Insider Buying and Selling

In related news, Chairman Frederick W. Smith sold 113,400 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the transaction, the chairman now directly owns 14,505,844 shares of the company’s stock, valued at $3,978,953,009.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Sriram Krishnasamy sold 354 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $289.19, for a total transaction of $102,373.26. Following the transaction, the chief executive officer now directly owns 11,147 shares of the company’s stock, valued at $3,223,600.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Frederick W. Smith sold 113,400 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the transaction, the chairman now directly owns 14,505,844 shares in the company, valued at $3,978,953,009.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,668 shares of company stock valued at $37,758,773. 8.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FDX has been the subject of several research reports. BNP Paribas reissued an “underperform” rating and set a $250.00 price objective on shares of FedEx in a research report on Wednesday, March 27th. Melius raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research report on Friday, March 22nd. Bank of America decreased their target price on shares of FedEx from $346.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Finally, UBS Group raised their target price on shares of FedEx from $323.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $301.33.

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.