Segall Bryant & Hamill LLC Lowers Stock Holdings in FedEx Co. (NYSE:FDX)

Segall Bryant & Hamill LLC reduced its position in FedEx Co. (NYSE:FDX) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,441 shares of the shipping service provider’s stock after selling 1,117 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in FedEx were worth $12,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fortitude Family Office LLC increased its stake in FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares during the period. Peoples Financial Services CORP. acquired a new position in shares of FedEx in the fourth quarter worth $28,000. City Holding Co. purchased a new stake in shares of FedEx during the fourth quarter worth $28,000. Kentucky Trust Co acquired a new stake in shares of FedEx in the fourth quarter valued at $28,000. Finally, Activest Wealth Management purchased a new position in FedEx in the fourth quarter valued at $29,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Trading Down 0.5 %

Shares of FDX opened at $241.19 on Wednesday. FedEx Co. has a twelve month low of $217.22 and a twelve month high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $58.09 billion, a P/E ratio of 15.37, a PEG ratio of 1.11 and a beta of 1.23. The firm’s 50-day moving average is $258.58 and its two-hundred day moving average is $271.75.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.86 EPS. On average, research analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a $1.38 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.29%. FedEx’s dividend payout ratio is presently 34.63%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FDX. Stifel Nicolaus decreased their price objective on FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Stephens decreased their price target on shares of FedEx from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday, March 21st. BMO Capital Markets dropped their price objective on shares of FedEx from $330.00 to $275.00 and set a “market perform” rating on the stock in a research report on Friday, March 21st. Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research report on Friday. Finally, Citigroup dropped their target price on FedEx from $347.00 to $317.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.60.

Insider Activity at FedEx

In related news, Director Amy B. Lane bought 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at $91,927.98. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the transaction, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is owned by corporate insiders.

About FedEx

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.