Moody National Bank Trust Division Sells 964 Shares of FedEx Co. (NYSE:FDX)

Moody National Bank Trust Division lessened its holdings in FedEx Co. (NYSE:FDXGet Rating) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,523 shares of the shipping service provider’s stock after selling 964 shares during the period. Moody National Bank Trust Division’s holdings in FedEx were worth $1,741,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FDX. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in shares of FedEx during the fourth quarter worth about $26,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of FedEx during the fourth quarter worth about $33,000. Level Financial Advisors Inc. bought a new stake in shares of FedEx during the fourth quarter worth about $34,000. Byrne Asset Management LLC bought a new stake in shares of FedEx during the fourth quarter worth about $36,000. Finally, Activest Wealth Management grew its holdings in shares of FedEx by 65.9% during the fourth quarter. Activest Wealth Management now owns 151 shares of the shipping service provider’s stock worth $39,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 79.92% of the company’s stock.

Shares of FDX opened at $229.02 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.35 and a current ratio of 1.39. FedEx Co. has a 52-week low of $192.82 and a 52-week high of $304.59. The business’s 50 day moving average price is $211.98 and its two-hundred day moving average price is $227.23. The firm has a market cap of $59.36 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 0.85 and a beta of 1.31.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 11th. Stockholders of record on Monday, June 27th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.01%. This is a positive change from FedEx’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, June 24th. FedEx’s dividend payout ratio is presently 15.75%.

In other news, Director Paul S. Walsh sold 3,720 shares of the company’s stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $206.42, for a total transaction of $767,882.40. Following the transaction, the director now directly owns 14,000 shares of the company’s stock, valued at $2,889,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.16% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on FDX. Bank of America reduced their price target on FedEx from $297.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, March 18th. Deutsche Bank Aktiengesellschaft reduced their target price on FedEx from $310.00 to $298.00 and set a “buy” rating on the stock in a report on Monday, March 21st. Citigroup reduced their target price on FedEx from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, March 18th. KeyCorp reduced their target price on FedEx from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, March 14th. Finally, Stephens reduced their target price on FedEx from $345.00 to $285.00 and set an “overweight” rating on the stock in a report on Friday, March 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $298.30.

FedEx Company Profile (Get Rating)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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