Tiemann Investment Advisors LLC Sells 51 Shares of FedEx Co. (NYSE:FDX)

Tiemann Investment Advisors LLC decreased its holdings in shares of FedEx Co. (NYSE:FDX) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,931 shares of the shipping service provider’s stock after selling 51 shares during the period. Tiemann Investment Advisors LLC’s holdings in FedEx were worth $543,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FDX. bLong Financial LLC bought a new position in FedEx during the 4th quarter valued at approximately $391,000. Virtu Financial LLC purchased a new stake in shares of FedEx in the third quarter worth $3,405,000. Lodestone Wealth Management LLC bought a new position in shares of FedEx during the fourth quarter valued at $461,000. Wedmont Private Capital raised its holdings in FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after buying an additional 91 shares during the last quarter. Finally, GFS Advisors LLC bought a new position in shares of FedEx in the fourth quarter worth approximately $26,855,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup raised their price target on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their target price on FedEx from $372.00 to $323.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Loop Capital downgraded FedEx from a “buy” rating to a “hold” rating and lowered their price target for the company from $365.00 to $283.00 in a report on Monday, February 3rd. Piper Sandler downgraded FedEx to a “neutral” rating in a report on Monday, February 3rd. Finally, Stephens decreased their target price on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $318.58.

FedEx Price Performance

Shares of FedEx stock opened at $253.80 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a 52 week low of $242.92 and a 52 week high of $313.84. The stock’s 50-day simple moving average is $266.55 and its 200-day simple moving average is $276.07. The company has a market capitalization of $61.13 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 1.11 and a beta of 1.23.

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

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio is currently 35.18%.

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.