FedEx Co. (FDX) Holdings Lessened by Howard Capital Management

Howard Capital Management lowered its stake in shares of FedEx Co. (NYSE:FDX) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,827 shares of the shipping service provider’s stock after selling 884 shares during the period. FedEx accounts for approximately 2.7% of Howard Capital Management’s portfolio, making the stock its 8th largest holding. Howard Capital Management’s holdings in FedEx were worth $18,173,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Beach Investment Management LLC. bought a new position in shares of FedEx in the second quarter worth $11,976,000. Bingham Osborn & Scarborough LLC bought a new position in shares of FedEx in the second quarter worth $259,000. Pinnacle Financial Partners Inc. increased its holdings in shares of FedEx by 14.5% in the second quarter. Pinnacle Financial Partners Inc. now owns 1,263 shares of the shipping service provider’s stock worth $274,000 after purchasing an additional 160 shares during the period. Donaldson Capital Management LLC increased its holdings in shares of FedEx by 13.0% in the second quarter. Donaldson Capital Management LLC now owns 9,663 shares of the shipping service provider’s stock worth $2,100,000 after purchasing an additional 1,110 shares during the period. Finally, Savant Capital LLC increased its holdings in shares of FedEx by 15.0% in the second quarter. Savant Capital LLC now owns 6,571 shares of the shipping service provider’s stock worth $1,428,000 after purchasing an additional 857 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

In other news, EVP Robert B. Carter sold 3,970 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $250.73, for a total transaction of $995,398.10. Following the transaction, the executive vice president now directly owns 187,025 shares of the company’s stock, valued at $46,892,778.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David J. Bronczek sold 46,555 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total value of $11,894,336.95. Following the transaction, the chief operating officer now directly owns 48,562 shares in the company, valued at $12,407,105.38. The disclosure for this sale can be found here. Insiders have sold 68,671 shares of company stock worth $17,137,160 over the last ninety days. Insiders own 8.45% of the company’s stock.

Several research firms have recently weighed in on FDX. Zacks Investment Research raised shares of FedEx from a “hold” rating to a “strong-buy” rating and set a $310.00 price target on the stock in a report on Thursday, January 18th. Bank of America reaffirmed a “buy” rating and issued a $315.00 price target on shares of FedEx in a report on Friday, January 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $300.00 price target on shares of FedEx in a report on Monday, January 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $280.00 price target on shares of FedEx in a report on Tuesday, January 9th. Finally, UBS Group raised shares of FedEx from a “neutral” rating to a “buy” rating and upped their price target for the stock from $264.00 to $302.00 in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. FedEx has an average rating of “Buy” and an average target price of $270.49.

FedEx Co. (NYSE FDX) opened at $273.89 on Tuesday. The company has a market capitalization of $73,487.48, a price-to-earnings ratio of 25.24, a P/E/G ratio of 1.62 and a beta of 1.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50. FedEx Co. has a 12 month low of $182.89 and a 12 month high of $274.66.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.29. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The firm had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. During the same period last year, the firm earned $2.80 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities analysts forecast that FedEx Co. will post 13.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.73%. FedEx’s dividend payout ratio (DPR) is currently 18.43%.

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About FedEx

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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