Zeke Capital Advisors LLC trimmed its holdings in shares of FedEx Co. (NYSE:FDX) by 25.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,213 shares of the shipping service provider’s stock after selling 745 shares during the period. Zeke Capital Advisors LLC’s holdings in FedEx were worth $552,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of FedEx during the fourth quarter worth approximately $125,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of FedEx during the fourth quarter worth approximately $144,000. Financial Engines Advisors L.L.C. acquired a new position in shares of FedEx during the third quarter worth approximately $132,000. Massey Quick Simon & CO. LLC acquired a new position in shares of FedEx during the third quarter worth approximately $136,000. Finally, Carroll Financial Associates Inc. raised its position in shares of FedEx by 61.1% during the third quarter. Carroll Financial Associates Inc. now owns 633 shares of the shipping service provider’s stock worth $140,000 after purchasing an additional 240 shares during the period. 74.58% of the stock is currently owned by institutional investors.
In other FedEx news, COO David J. Bronczek sold 46,555 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total value of $11,894,336.95. Following the sale, the chief operating officer now owns 48,562 shares of the company’s stock, valued at approximately $12,407,105.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert B. Carter sold 3,970 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $250.73, for a total value of $995,398.10. Following the completion of the sale, the executive vice president now directly owns 187,025 shares in the company, valued at approximately $46,892,778.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,541 shares of company stock valued at $13,692,142. 8.45% of the stock is owned by corporate insiders.
A number of equities analysts have recently weighed in on FDX shares. Zacks Investment Research lowered FedEx from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. Barclays reaffirmed an “overweight” rating and set a $270.00 target price (up from $230.00) on shares of FedEx in a research report on Thursday, November 30th. They noted that the move was a valuation call. Citigroup increased their price target on FedEx to $275.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Credit Suisse Group reissued an “outperform” rating and issued a $278.00 price target (up from $233.00) on shares of FedEx in a research report on Thursday, December 14th. Finally, Cowen reissued an “outperform” rating and issued a $280.00 price target (up from $240.00) on shares of FedEx in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $278.08.
Shares of FedEx stock traded down $0.10 during midday trading on Monday, reaching $251.93. The company’s stock had a trading volume of 184,624 shares, compared to its average volume of 1,798,973. FedEx Co. has a fifty-two week low of $182.89 and a fifty-two week high of $274.66. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. The company has a market cap of $67,516.21, a P/E ratio of 23.23, a P/E/G ratio of 1.47 and a beta of 1.32.
FedEx (NYSE:FDX) last issued its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, topping the consensus estimate of $2.89 by $0.29. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The business had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $15.67 billion. During the same quarter last year, the company earned $2.80 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. equities research analysts predict that FedEx Co. will post 13.49 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $2.00 annualized dividend and a yield of 0.79%. FedEx’s dividend payout ratio is currently 18.43%.
COPYRIGHT VIOLATION WARNING: “FedEx Co. (FDX) Shares Sold by Zeke Capital Advisors LLC” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2018/03/19/fedex-co-fdx-shares-sold-by-zeke-capital-advisors-llc.html.
FedEx Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.