McGuire Investment Group LLC Sells 45 Shares of FedEx Co. (NYSE:FDX)

McGuire Investment Group LLC lessened its holdings in shares of FedEx Co. (NYSE:FDX) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,198 shares of the shipping service provider’s stock after selling 45 shares during the period. McGuire Investment Group LLC’s holdings in FedEx were worth $1,181,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FDX. Fortitude Family Office LLC lifted its stake in shares of FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after acquiring an additional 52 shares during the period. Evermay Wealth Management LLC lifted its stake in shares of FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after acquiring an additional 40 shares during the period. Peoples Financial Services CORP. acquired a new position in shares of FedEx during the fourth quarter valued at $28,000. City Holding Co. acquired a new position in shares of FedEx during the fourth quarter valued at $28,000. Finally, FNY Investment Advisers LLC lifted its stake in FedEx by 177.5% in the fourth quarter. FNY Investment Advisers LLC now owns 111 shares of the shipping service provider’s stock valued at $31,000 after buying an additional 71 shares during the period. Institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on FDX. Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and cut their target price for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Citigroup increased their target price on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Bank of America raised their price target on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets lifted their price objective on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.43.

FedEx Stock Up 1.1 %

Shares of NYSE:FDX opened at $273.12 on Friday. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The company has a market cap of $65.78 billion, a PE ratio of 17.41, a P/E/G ratio of 1.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock’s 50-day moving average is $282.07 and its 200 day moving average is $283.43.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the previous year, the business earned $3.99 EPS. FedEx’s revenue was down .7% compared to the same quarter last year. Sell-side analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a $1.38 dividend. 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 2.02%. FedEx’s dividend payout ratio is currently 35.18%.

Insider Activity at FedEx

In other FedEx news, EVP John W. Dietrich bought 1,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was acquired at an average price of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy B. Lane bought 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the transaction, the director now owns 333 shares in the company, valued at $91,927.98. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by insiders.

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.