Vicus Capital Reduces Holdings in FedEx Co. (NYSE:FDX)

Vicus Capital trimmed its position in shares of FedEx Co. (NYSE:FDX) by 3.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,412 shares of the shipping service provider’s stock after selling 45 shares during the quarter. Vicus Capital’s holdings in FedEx were worth $397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FDX. Exchange Traded Concepts LLC purchased a new stake in shares of FedEx during the third quarter valued at $97,000. Creative Planning boosted its stake in shares of FedEx by 15.7% during the third quarter. Creative Planning now owns 81,696 shares of the shipping service provider’s stock valued at $22,237,000 after purchasing an additional 11,081 shares during the period. Sumitomo Life Insurance Co. boosted its stake in shares of FedEx by 4.3% during the third quarter. Sumitomo Life Insurance Co. now owns 2,901 shares of the shipping service provider’s stock valued at $794,000 after purchasing an additional 120 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of FedEx by 1.8% during the third quarter. Vontobel Holding Ltd. now owns 28,799 shares of the shipping service provider’s stock valued at $7,882,000 after purchasing an additional 511 shares during the period. Finally, Bfsg LLC boosted its stake in shares of FedEx by 34.2% during the third quarter. Bfsg LLC now owns 1,025 shares of the shipping service provider’s stock valued at $281,000 after purchasing an additional 261 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Up 1.8 %

Shares of FDX opened at $267.83 on Friday. The stock has a fifty day simple moving average of $272.65 and a two-hundred day simple moving average of $279.45. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $64.51 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $3.99 EPS. As a group, equities analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.06%. FedEx’s dividend payout ratio (DPR) is 35.18%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FDX. Sanford C. Bernstein lowered shares of FedEx from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. TD Cowen upped their price objective on shares of FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. UBS Group upped their price objective on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Stifel Nicolaus lowered their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $321.87.

Insider Activity at FedEx

In related news, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares in the company, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John W. Dietrich bought 1,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were purchased at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the acquisition, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

FedEx Company 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.