Aurora Private Wealth Inc. Sells 255 Shares of FedEx Co. (NYSE:FDX)

Aurora Private Wealth Inc. trimmed its position in FedEx Co. (NYSE:FDX) by 25.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 733 shares of the shipping service provider’s stock after selling 255 shares during the quarter. Aurora Private Wealth Inc.’s holdings in FedEx were worth $206,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FDX. AQR Capital Management LLC lifted its holdings in shares of FedEx by 9.4% in the 2nd quarter. AQR Capital Management LLC now owns 92,093 shares of the shipping service provider’s stock worth $27,432,000 after buying an additional 7,940 shares during the period. Dark Forest Capital Management LP lifted its holdings in shares of FedEx by 4.7% in the 2nd quarter. Dark Forest Capital Management LP now owns 1,180 shares of the shipping service provider’s stock worth $354,000 after buying an additional 53 shares during the period. MidWestOne Financial Group Inc. lifted its holdings in shares of FedEx by 43.3% in the 2nd quarter. MidWestOne Financial Group Inc. now owns 2,221 shares of the shipping service provider’s stock worth $666,000 after buying an additional 671 shares during the period. SkyView Investment Advisors LLC lifted its holdings in shares of FedEx by 12.8% in the 2nd quarter. SkyView Investment Advisors LLC now owns 1,799 shares of the shipping service provider’s stock worth $539,000 after buying an additional 204 shares during the period. Finally, Creative Planning lifted its holdings in shares of FedEx by 3.8% in the 2nd quarter. Creative Planning now owns 70,615 shares of the shipping service provider’s stock worth $21,173,000 after buying an additional 2,563 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FDX. Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. TD Cowen increased their price target on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Stephens cut their price objective on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. increased their price objective on FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.43.

Insiders Place Their Bets

In other news, Director Amy B. Lane bought 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The stock was acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is owned by company insiders.

FedEx Trading Up 1.1 %

FDX opened at $273.12 on Monday. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The stock has a market capitalization of $65.78 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The business has a fifty day moving average price of $281.64 and a 200 day moving average price of $283.13.

FedEx (NYSE:FDX) last released its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.99 EPS. Sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is 35.18%.

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.