WBH Advisory Inc. Has $297,000 Stock Position in FedEx Co. (NYSE:FDX)

WBH Advisory Inc. reduced its position in FedEx Co. (NYSE:FDX) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,055 shares of the shipping service provider’s stock after selling 57 shares during the period. WBH Advisory Inc.’s holdings in FedEx were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDX. bLong Financial LLC acquired a new stake in shares of FedEx during the fourth quarter worth $391,000. Virtu Financial LLC acquired a new stake in shares of FedEx during the third quarter worth $3,405,000. Wedmont Private Capital lifted its holdings in FedEx by 4.1% during the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after acquiring an additional 91 shares in the last quarter. GFS Advisors LLC bought a new position in FedEx during the fourth quarter worth about $26,855,000. Finally, Persium Advisors LLC bought a new position in FedEx during the fourth quarter worth about $530,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Up 1.8 %

Shares of FDX opened at $267.83 on Tuesday. The company has a market capitalization of $64.51 billion, a PE ratio of 17.07, a PEG ratio of 1.07 and a beta of 1.18. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The stock’s 50-day moving average price is $272.40 and its two-hundred day moving average price is $278.92. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

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

FedEx Dividend Announcement

The company also recently announced 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. This represents a $5.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is 35.18%.

Wall Street Analyst Weigh In

FDX has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and cut their price target for the company from $365.00 to $283.00 in a report on Monday, February 3rd. Stephens cut their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. Barclays boosted 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. Finally, BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $321.87.

Insider Activity at FedEx

In related news, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, 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 completion of the transaction, the chief executive officer now owns 111,886 shares in the company, 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 currently 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.