Physicians Financial Services Inc. Cuts Stock Holdings in FedEx Co. (NYSE:FDX)

Physicians Financial Services Inc. lowered its position in shares of FedEx Co. (NYSE:FDX) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 7,051 shares of the shipping service provider’s stock after selling 101 shares during the quarter. Physicians Financial Services Inc.’s holdings in FedEx were worth $1,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of FDX. Fortitude Family Office LLC increased its stake in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares during the period. Evermay Wealth Management LLC grew its holdings in shares of FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after acquiring an additional 40 shares during the period. Peoples Financial Services CORP. bought a new position in shares of FedEx in the 4th quarter worth approximately $28,000. City Holding Co. bought a new stake in shares of FedEx during the fourth quarter valued at approximately $28,000. Finally, Kentucky Trust Co bought a new stake in shares of FedEx during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets increased their price target on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Barclays raised their target price on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price target on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.87.

Insider Activity at FedEx

In other news, Director Amy B. Lane bought 333 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 111,886 shares of the company’s stock, valued at approximately $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 insiders.

FedEx Stock Performance

FDX opened at $268.49 on Friday. The stock has a market cap of $64.67 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm has a fifty day moving average price of $271.34 and a 200 day moving average price of $278.38. FedEx Co. has a 1 year low of $238.21 and a 1 year high of $313.84.

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

FedEx Dividend Announcement

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 yield of 2.06%. FedEx’s payout ratio is 35.18%.

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.