Yousif Capital Management LLC Sells 1,528 Shares of FedEx Corporation $FDX

Yousif Capital Management LLC reduced its stake in shares of FedEx Corporation (NYSE:FDXFree Report) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,833 shares of the shipping service provider’s stock after selling 1,528 shares during the period. Yousif Capital Management LLC’s holdings in FedEx were worth $8,981,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC bought a new stake in shares of FedEx during the 3rd quarter worth $27,000. Wealth Watch Advisors INC bought a new stake in shares of FedEx during the 3rd quarter worth $28,000. Ameriflex Group Inc. lifted its holdings in shares of FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after acquiring an additional 63 shares during the last quarter. Ulland Investment Advisors LLC bought a new stake in shares of FedEx during the 4th quarter worth $29,000. Finally, ORG Partners LLC lifted its holdings in shares of FedEx by 50.0% during the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after acquiring an additional 35 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of FedEx from $400.00 to $410.00 and gave the company a “market perform” rating in a research note on Friday, March 20th. JPMorgan Chase & Co. upped their price target on shares of FedEx from $424.00 to $432.00 and gave the company a “neutral” rating in a research report on Friday, March 20th. Wolfe Research cut their price target on shares of FedEx from $427.00 to $423.00 and set an “outperform” rating for the company in a research report on Tuesday. Barclays upped their price target on shares of FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Finally, Evercore upped their price target on shares of FedEx from $364.00 to $380.00 in a research report on Tuesday, February 24th. Eighteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $396.88.

Read Our Latest Stock Report on FedEx

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

FedEx Stock Performance

NYSE FDX opened at $373.07 on Thursday. The company has a 50-day simple moving average of $363.59 and a two-hundred day simple moving average of $303.07. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $392.86. The firm has a market cap of $89.02 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.59 and a beta of 1.28.

FedEx (NYSE:FDXGet Free Report) last issued its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating the consensus estimate of $4.12 by $1.13. The firm had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.51 earnings per share. On average, equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th were paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, March 9th. FedEx’s dividend payout ratio is 30.87%.

FedEx Company Profile

(Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

Further Reading

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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