Jacobs & Co. CA Sells 101 Shares of FedEx Co. (NYSE:FDX)

Jacobs & Co. CA lowered its position in shares of FedEx Co. (NYSE:FDX) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,888 shares of the shipping service provider’s stock after selling 101 shares during the period. FedEx comprises about 1.3% of Jacobs & Co. CA’s investment portfolio, making the stock its 25th biggest holding. Jacobs & Co. CA’s holdings in FedEx were worth $12,909,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FDX. Fortitude Family Office LLC boosted its stake in shares of FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after purchasing an additional 52 shares in the last quarter. Evermay Wealth Management LLC boosted its position in FedEx by 72.7% during the 3rd 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 in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of FedEx during the 3rd quarter worth approximately $31,000. Abound Wealth Management raised its position in shares of FedEx by 175.9% in the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock worth $45,000 after acquiring an additional 95 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of FedEx in the 3rd quarter valued at approximately $47,000. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

NYSE:FDX traded down $2.35 during trading hours on Friday, reaching $272.55. The stock had a trading volume of 801,712 shares, compared to its average volume of 1,395,850. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. The stock has a market capitalization of $65.64 billion, a PE ratio of 16.81, a PEG ratio of 1.18 and a beta of 1.20. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The company has a 50 day moving average price of $283.86 and a two-hundred day moving average price of $284.40.

FedEx (NYSE:FDX) last released 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 net margin of 4.62% and a return on equity of 15.61%. 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 prior year, the firm earned $3.99 earnings per share. FedEx’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were paid a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.03%. FedEx’s dividend payout ratio is presently 35.18%.

Insider Buying and Selling at FedEx

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

Analysts Set New Price Targets

FDX has been the topic of a number of recent research reports. Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Morgan Stanley cut shares of FedEx from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $215.00 to $200.00 in a report on Friday, September 20th. Barclays increased their price target on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, TD Cowen upped their price target on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.61.

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.