FedEx Corporation $FDX Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lowered its position in FedEx Corporation (NYSE:FDX) by 98.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 550 shares of the shipping service provider’s stock after selling 45,000 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in FedEx were worth $159,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 207 shares in the last quarter. Empowered Funds LLC boosted its position in shares of FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after acquiring an additional 4,548 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of FedEx in the 2nd quarter valued at about $586,000. VestGen Advisors LLC purchased a new position in shares of FedEx in the 2nd quarter valued at about $223,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of FedEx during the 2nd quarter worth about $1,494,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FDX has been the subject of a number of research analyst reports. Rothschild & Co Redburn upped their price target on FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Argus raised their price objective on shares of FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. TD Cowen boosted their price objective on shares of FedEx from $383.00 to $426.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Zacks Research downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Finally, Bank of America lifted their price target on shares of FedEx from $431.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $393.85.

FedEx Trading Up 0.6%

FDX opened at $361.42 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $392.86. The business’s 50 day moving average is $359.29 and its two-hundred day moving average is $298.80. The firm has a market cap of $86.24 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.58 and a beta of 1.28.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $1.13. The business had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $4.51 earnings per share. On average, research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th were paid a $1.45 dividend. The ex-dividend date was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.6%. FedEx’s payout ratio is currently 30.87%.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.