FedEx Co. (NYSE:FDX) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. lowered its stake in FedEx Co. (NYSE:FDX – Get Rating) by 74.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,553 shares of the shipping service provider’s stock after selling 33,620 shares during the period. Macquarie Group Ltd.’s holdings in FedEx were worth $1,715,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Physicians Financial Services Inc. increased its holdings in shares of FedEx by 0.6% in the second quarter. Physicians Financial Services Inc. now owns 7,133 shares of the shipping service provider’s stock valued at $1,617,000 after purchasing an additional 43 shares during the period. Probity Advisors Inc. increased its holdings in shares of FedEx by 2.1% in the second quarter. Probity Advisors Inc. now owns 2,282 shares of the shipping service provider’s stock valued at $517,000 after purchasing an additional 47 shares during the period. Laraway Financial Advisors Inc grew its holdings in FedEx by 2.0% during the first quarter. Laraway Financial Advisors Inc now owns 2,490 shares of the shipping service provider’s stock worth $575,000 after acquiring an additional 50 shares during the period. Woodmont Investment Counsel LLC grew its holdings in FedEx by 2.5% during the second quarter. Woodmont Investment Counsel LLC now owns 2,415 shares of the shipping service provider’s stock worth $548,000 after acquiring an additional 60 shares during the period. Finally, Options Solutions LLC grew its holdings in FedEx by 6.5% during the second quarter. Options Solutions LLC now owns 987 shares of the shipping service provider’s stock worth $224,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 72.02% of the company’s stock.

FedEx Stock Performance

NYSE FDX opened at $201.19 on Friday. The business’s 50-day moving average price is $198.82 and its 200 day moving average price is $182.32. FedEx Co. has a twelve month low of $141.92 and a twelve month high of $248.76. The company has a market capitalization of $50.78 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.29 and a beta of 1.31. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.83.

FedEx (NYSE:FDX – Get Rating) last announced its quarterly earnings results on Tuesday, December 20th. The shipping service provider reported $3.18 EPS for the quarter, topping the consensus estimate of $2.77 by $0.41. The company had revenue of $22.81 billion during the quarter, compared to analyst estimates of $23.66 billion. FedEx had a return on equity of 19.17% and a net margin of 3.54%. On average, research analysts predict that FedEx Co. will post 13.5 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 13th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, March 10th. This represents a $4.60 annualized dividend and a yield of 2.29%. FedEx’s dividend payout ratio is presently 36.14%.

Insider Buying and Selling at FedEx

In other FedEx news, Director Amy B. Lane acquired 280 shares of the stock in a transaction on Tuesday, January 3rd. The stock was purchased at an average price of $175.83 per share, for a total transaction of $49,232.40. Following the purchase, the director now directly owns 1,529 shares in the company, valued at $268,844.07. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.62% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of recent analyst reports. Barclays set a $240.00 price objective on FedEx in a report on Monday, January 2nd. Robert W. Baird dropped their price objective on FedEx from $240.00 to $230.00 in a report on Thursday, December 15th. Wells Fargo & Company upped their target price on FedEx from $185.00 to $225.00 in a report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on FedEx from $190.00 to $217.00 in a report on Monday, November 28th. Finally, JPMorgan Chase & Co. upped their target price on FedEx from $179.00 to $199.00 and gave the company a “neutral” rating in a report on Friday, March 3rd. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $214.96.

FedEx Company Profile

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FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services under the FedEx brand. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.