Alan B Lancz & Associates Inc. Sells 100 Shares of FedEx Co. (NYSE:FDX)

Alan B Lancz & Associates Inc. trimmed its position in FedEx Co. (NYSE:FDX) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,500 shares of the shipping service provider’s stock after selling 100 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in FedEx were worth $632,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Sentry LLC bought a new stake in FedEx in the fourth quarter worth $1,811,748,000. Mizuho Markets Americas LLC purchased a new stake in shares of FedEx during the 3rd quarter valued at about $496,611,000. FMR LLC lifted its holdings in shares of FedEx by 29.1% in the 3rd quarter. FMR LLC now owns 4,063,938 shares of the shipping service provider’s stock valued at $1,076,619,000 after acquiring an additional 916,555 shares during the last quarter. International Assets Investment Management LLC raised its holdings in FedEx by 33,890.5% during the 4th quarter. International Assets Investment Management LLC now owns 651,597 shares of the shipping service provider’s stock valued at $166,972,000 after buying an additional 649,680 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in FedEx by 144.4% in the third quarter. Ameriprise Financial Inc. now owns 1,008,037 shares of the shipping service provider’s stock worth $267,135,000 after buying an additional 595,628 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Trading Down 0.5 %

Shares of FDX traded down $1.38 during mid-day trading on Friday, reaching $260.65. The stock had a trading volume of 1,085,243 shares, compared to its average volume of 1,311,143. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.26. The business’s fifty day moving average is $264.27 and its 200 day moving average is $254.90. FedEx Co. has a 52-week low of $213.80 and a 52-week high of $291.27. The firm has a market cap of $64.14 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.23 and a beta of 1.23.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $0.37. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.95 billion. During the same quarter last year, the firm earned $3.41 EPS. The business’s revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts predict that FedEx Co. will post 17.69 EPS for the current fiscal year.

FedEx announced that its Board of Directors has authorized a stock repurchase program on Thursday, March 21st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the shipping service provider to purchase up to 7.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, March 8th. FedEx’s dividend payout ratio is presently 29.07%.

Insider Buying and Selling

In other FedEx news, CEO Sriram Krishnasamy sold 354 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $289.19, for a total transaction of $102,373.26. Following the completion of the transaction, the chief executive officer now owns 11,147 shares of the company’s stock, valued at $3,223,600.93. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Sriram Krishnasamy sold 354 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $289.19, for a total value of $102,373.26. Following the transaction, the chief executive officer now directly owns 11,147 shares in the company, valued at approximately $3,223,600.93. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tracy B. Brightman sold 2,550 shares of FedEx stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $275.69, for a total transaction of $703,009.50. Following the completion of the sale, the executive vice president now owns 6,294 shares of the company’s stock, valued at approximately $1,735,192.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,668 shares of company stock valued at $37,758,773. 8.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FDX has been the topic of several recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of FedEx in a research note on Friday, March 22nd. Barclays raised their price objective on shares of FedEx from $310.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Melius raised FedEx from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Jefferies Financial Group raised their price target on FedEx from $265.00 to $300.00 and gave the stock a “hold” rating in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group upped their price objective on FedEx from $291.00 to $324.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $301.33.

FedEx Company Profile

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.