Westhampton Capital LLC Sells 50 Shares of FedEx Co. (NYSE:FDX)

Westhampton Capital LLC reduced its stake in FedEx Co. (NYSE:FDX) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,530 shares of the shipping service provider’s stock after selling 50 shares during the period. Westhampton Capital LLC’s holdings in FedEx were worth $430,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in FedEx by 7.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 34,330 shares of the shipping service provider’s stock worth $10,298,000 after buying an additional 2,265 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in FedEx by 19.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 686 shares of the shipping service provider’s stock worth $206,000 after acquiring an additional 112 shares during the last quarter. Regal Investment Advisors LLC lifted its position in FedEx by 26.2% in the 2nd quarter. Regal Investment Advisors LLC now owns 1,950 shares of the shipping service provider’s stock valued at $585,000 after acquiring an additional 405 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in FedEx by 23.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 3,829 shares of the shipping service provider’s stock valued at $1,148,000 after purchasing an additional 737 shares during the last quarter. Finally, Ariadne Wealth Management LP bought a new stake in shares of FedEx in the 2nd quarter worth $103,000. 84.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. TD Cowen upped their price target on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a report on Friday, December 20th. Citigroup upped their target price on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. UBS Group lifted their price target on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Stephens lowered their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, December 20th. Finally, Barclays lifted their target price on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus target price of $325.43.

FedEx Stock Performance

Shares of NYSE FDX opened at $275.34 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The firm has a fifty day moving average price of $281.09 and a 200-day moving average price of $282.86. The stock has a market cap of $66.32 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20.

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

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Insider Buying and Selling

In other news, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John W. Dietrich purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by company insiders.

About FedEx

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.