FedEx Corporation $FDX Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in FedEx Corporation (NYSE:FDX) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 185,006 shares of the shipping service provider’s stock after selling 2,615 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in FedEx were worth $53,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Legacy Bridge LLC increased its stake in FedEx by 33.0% during the 4th quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock worth $38,000 after buying an additional 33 shares during the period. True Wealth Design LLC increased its stake in FedEx by 8.2% during the 4th quarter. True Wealth Design LLC now owns 462 shares of the shipping service provider’s stock worth $133,000 after buying an additional 35 shares during the period. ORG Partners LLC increased its stake in FedEx by 50.0% during the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after buying an additional 35 shares during the period. Brookstone Capital Management increased its stake in FedEx by 1.4% during the 4th quarter. Brookstone Capital Management now owns 2,835 shares of the shipping service provider’s stock worth $819,000 after buying an additional 38 shares during the period. Finally, Stratos Wealth Partners LTD. increased its stake in FedEx by 0.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 8,896 shares of the shipping service provider’s stock worth $2,570,000 after buying an additional 38 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other FedEx news, Director Susan C. Schwab sold 5,795 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total value of $2,138,355.00. Following the sale, the director directly owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. This represents a 36.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kawal Preet sold 4,900 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the completion of the sale, the executive vice president directly owned 10,953 shares in the company, valued at approximately $4,029,499.17. This represents a 30.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 48,104 shares of company stock valued at $17,599,006. 0.53% of the stock is currently owned by company insiders.

FedEx Trading Down 2.1%

Shares of NYSE:FDX opened at $386.18 on Thursday. FedEx Corporation has a 52 week low of $204.33 and a 52 week high of $399.67. The company’s 50 day moving average is $369.13 and its two-hundred day moving average is $313.09. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The company has a market cap of $92.15 billion, a PE ratio of 20.55, a P/E/G ratio of 1.73 and a beta of 1.28.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company had revenue of $24 billion for the quarter, compared to the consensus estimate of $23.44 billion. During the same period in the prior year, the firm posted $4.51 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts predict that FedEx Corporation will post 19.72 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th were given a $1.45 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.5%. FedEx’s dividend payout ratio is currently 30.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $479.00 target price on shares of FedEx in a research note on Friday, February 13th. Morgan Stanley upped their target price on shares of FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a research note on Friday, March 20th. Raymond James Financial upped their target price on shares of FedEx from $305.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Bank of America upped their target price 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. Finally, Zacks Research downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Eighteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $398.04.

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.