FedEx Co. (NYSE:FDX) Shares Sold by O ROURKE & COMPANY Inc

O ROURKE & COMPANY Inc lowered its stake in FedEx Co. (NYSE:FDX) by 9.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 899 shares of the shipping service provider’s stock after selling 97 shares during the period. O ROURKE & COMPANY Inc’s holdings in FedEx were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. raised its position in shares of FedEx by 20.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,246 shares of the shipping service provider’s stock worth $7,398,000 after acquiring an additional 5,055 shares in the last quarter. Western Wealth Management LLC raised its position in shares of FedEx by 10.0% during the 4th quarter. Western Wealth Management LLC now owns 3,655 shares of the shipping service provider’s stock worth $925,000 after acquiring an additional 333 shares in the last quarter. Trust Point Inc. acquired a new stake in shares of FedEx during the 4th quarter worth about $282,000. Planned Solutions Inc. acquired a new stake in shares of FedEx during the 4th quarter worth about $32,000. Finally, EFG Asset Management North America Corp. raised its position in shares of FedEx by 173.2% during the 4th quarter. EFG Asset Management North America Corp. now owns 7,620 shares of the shipping service provider’s stock worth $1,928,000 after acquiring an additional 4,831 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Transactions at FedEx

In other news, Director Paul S. Walsh sold 2,535 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $294.72, for a total value of $747,115.20. Following the completion of the transaction, the director now directly owns 14,745 shares of the company’s stock, valued at $4,345,646.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Frederick W. Smith sold 113,400 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value of $31,105,620.00. Following the completion of the transaction, the chairman now directly owns 14,505,844 shares in the company, valued at $3,978,953,009.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul S. Walsh sold 2,535 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $294.72, for a total value of $747,115.20. Following the completion of the transaction, the director now owns 14,745 shares of the company’s stock, valued at $4,345,646.40. The disclosure for this sale can be found here. Insiders sold a total of 135,820 shares of company stock valued at $37,639,038 over the last three months. 8.73% of the stock is currently owned by insiders.

FedEx Price Performance

Shares of NYSE FDX traded down $1.10 during trading on Monday, reaching $298.74. The company had a trading volume of 2,466,996 shares, compared to its average volume of 1,957,089. FedEx Co. has a twelve month low of $224.69 and a twelve month high of $302.41. The stock has a market capitalization of $73.51 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. The stock has a 50-day moving average price of $258.10 and a two-hundred day moving average price of $256.24. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The company had revenue of $22.11 billion during the quarter, compared to analysts’ expectations of $22.04 billion. During the same period in the previous year, the firm posted $4.94 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts predict that FedEx Co. will post 20.67 earnings per share for the current year.

FedEx announced that its board has initiated a share buyback plan on Thursday, March 21st that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the shipping service provider to reacquire up to 7.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

FedEx Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 24th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.85%. This is a boost from FedEx’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Monday, June 24th. FedEx’s payout ratio is 32.04%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Evercore ISI dropped their price target on FedEx from $351.00 to $318.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Robert W. Baird raised their price target on FedEx from $325.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th. Morgan Stanley raised their price target on FedEx from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 26th. BNP Paribas reiterated an “underperform” rating and issued a $250.00 target price on shares of FedEx in a research note on Wednesday, March 27th. Finally, Barclays lifted their target price on FedEx from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $314.00.

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.