Bank of New Hampshire Cuts Stock Holdings in FedEx Co. (NYSE:FDX)

Bank of New Hampshire reduced its position in shares of FedEx Co. (NYSE:FDXGet Rating) by 50.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150 shares of the shipping service provider’s stock after selling 155 shares during the period. Bank of New Hampshire’s holdings in FedEx were worth $34,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in FedEx by 2.1% during the first quarter. Vanguard Group Inc. now owns 18,784,798 shares of the shipping service provider’s stock worth $4,346,614,000 after buying an additional 394,289 shares during the period. Dodge & Cox grew its position in FedEx by 22.2% during the fourth quarter. Dodge & Cox now owns 16,674,920 shares of the shipping service provider’s stock worth $4,312,801,000 after buying an additional 3,031,046 shares during the period. Primecap Management Co. CA grew its position in FedEx by 0.3% during the first quarter. Primecap Management Co. CA now owns 13,237,477 shares of the shipping service provider’s stock worth $3,063,020,000 after buying an additional 41,945 shares during the period. Geode Capital Management LLC grew its position in FedEx by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 4,062,836 shares of the shipping service provider’s stock worth $1,047,785,000 after buying an additional 153,131 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in FedEx by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,404,754 shares of the shipping service provider’s stock worth $556,512,000 after buying an additional 78,183 shares during the period. 71.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Robert B. Carter sold 12,310 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $224.67, for a total value of $2,765,687.70. Following the transaction, the executive vice president now owns 54,916 shares of the company’s stock, valued at approximately $12,337,977.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Brie Carere sold 11,235 shares of FedEx stock in a transaction on Friday, August 12th. The shares were sold at an average price of $228.85, for a total transaction of $2,571,129.75. Following the sale, the executive vice president now owns 16,366 shares of the company’s stock, valued at approximately $3,745,359.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert B. Carter sold 12,310 shares of FedEx stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $224.67, for a total transaction of $2,765,687.70. Following the sale, the executive vice president now directly owns 54,916 shares in the company, valued at approximately $12,337,977.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,810 shares of company stock valued at $11,199,898. Company insiders own 8.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Robert W. Baird lowered their price target on shares of FedEx from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Friday. Barclays set a $320.00 price target on shares of FedEx in a research report on Friday, June 24th. The Goldman Sachs Group lowered their price target on shares of FedEx from $288.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday. Cowen lowered their price target on shares of FedEx from $310.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Evercore ISI lowered their price target on shares of FedEx from $318.00 to $243.00 and set an “outperform” rating on the stock in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $245.04.

FedEx Stock Performance

NYSE:FDX opened at $161.02 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 0.81. The company has a market cap of $41.85 billion, a P/E ratio of 11.26, a P/E/G ratio of 0.74 and a beta of 1.21. FedEx Co. has a fifty-two week low of $155.00 and a fifty-two week high of $266.79. The firm’s 50 day moving average is $221.14 and its two-hundred day moving average is $218.02.

FedEx (NYSE:FDXGet Rating) last posted its quarterly earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.91 by ($0.04). FedEx had a return on equity of 22.29% and a net margin of 4.09%. The company had revenue of $24.39 billion for the quarter, compared to analysts’ expectations of $24.28 billion. During the same period in the prior year, the business earned $5.01 EPS. Analysts expect that FedEx Co. will post 23.01 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, September 1st. FedEx’s dividend payout ratio is presently 32.17%.

FedEx Company Profile

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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 enablement, technology, and e-commerce transportation solutions.

See Also

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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