FedEx Corporation (NYSE:FDX) Shares Sold by Register Financial Advisors LLC

Register Financial Advisors LLC trimmed its holdings in FedEx Corporation (NYSE:FDX) by 5.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,703 shares of the shipping service provider’s stock after selling 100 shares during the period. Register Financial Advisors LLC’s holdings in FedEx were worth $415,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FDX. Transce3nd LLC acquired a new stake in FedEx in the 4th quarter worth about $26,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in FedEx in the 4th quarter worth about $28,000. Runnymede Capital Advisors Inc. acquired a new stake in FedEx in the 4th quarter worth about $32,000. Accredited Wealth Management LLC acquired a new stake in FedEx in the 4th quarter worth about $35,000. Finally, Optiver Holding B.V. acquired a new stake in FedEx in the 4th quarter worth about $39,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FedEx

In other news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the transaction, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This trade represents a 20.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FDX. Raymond James Financial decreased their price target on FedEx from $320.00 to $290.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Stephens restated an “overweight” rating and issued a $300.00 price objective on shares of FedEx in a report on Tuesday, May 20th. BMO Capital Markets cut their price objective on FedEx from $275.00 to $260.00 and set a “market perform” rating on the stock in a report on Monday, May 19th. Stifel Nicolaus cut their price objective on FedEx from $364.00 to $354.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Finally, Citigroup cut their price objective on FedEx from $305.00 to $267.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.54.

FedEx Price Performance

FDX stock opened at $225.78 on Friday. The company has a market capitalization of $54.10 billion, a PE ratio of 14.16, a P/E/G ratio of 1.07 and a beta of 1.35. The stock’s 50 day moving average is $218.30 and its two-hundred day moving average is $244.83. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 52-week low of $194.30 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 16.00% and a net margin of 4.46%. FedEx’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.86 EPS. Analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd will be given a $1.45 dividend. This is a positive change from FedEx’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $5.80 annualized dividend and a dividend yield of 2.57%. FedEx’s dividend payout ratio (DPR) is presently 34.63%.

FedEx 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.