Hallmark Capital Management Inc. decreased its stake in shares of FedEx Co. (NYSE:FDX) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,510 shares of the shipping service provider’s stock after selling 190 shares during the quarter. Hallmark Capital Management Inc.’s holdings in FedEx were worth $876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FDX. Salem Investment Counselors Inc. raised its holdings in shares of FedEx by 2.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after purchasing an additional 13 shares in the last quarter. Krilogy Financial LLC raised its holdings in shares of FedEx by 0.4% in the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after purchasing an additional 2 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of FedEx in the 4th quarter valued at about $125,000. Financial Engines Advisors L.L.C. bought a new stake in shares of FedEx in the 3rd quarter valued at about $132,000. Finally, Massey Quick Simon & CO. LLC bought a new stake in shares of FedEx in the 3rd quarter valued at about $136,000. Institutional investors own 75.71% of the company’s stock.

Several equities research analysts have recently commented on FDX shares. Stephens set a $306.00 price target on shares of FedEx and gave the company a “buy” rating in a report on Wednesday, December 20th. Goldman Sachs Group began coverage on shares of FedEx in a research report on Monday, November 13th. They issued a “buy” rating and a $270.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of FedEx from $237.00 to $264.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Citigroup reaffirmed a “buy” rating and issued a $280.00 price objective on shares of FedEx in a research report on Wednesday, December 20th. Finally, Barclays reaffirmed an “overweight” rating and issued a $270.00 price objective (up previously from $230.00) on shares of FedEx in a research report on Thursday, November 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $270.49.

In other FedEx news, Director David P. Steiner sold 3,016 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $266.05, for a total transaction of $802,406.80. Following the sale, the director now owns 16,040 shares of the company’s stock, valued at approximately $4,267,442. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO David J. Bronczek sold 46,555 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the sale, the chief operating officer now directly owns 48,562 shares in the company, valued at approximately $12,407,105.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,521 shares of company stock worth $14,589,831. 8.45% of the stock is owned by insiders.

Shares of FedEx Co. (NYSE FDX) opened at $270.41 on Thursday. The firm has a market cap of $72,871.32, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 1.61 and a beta of 1.36. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $274.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, December 8th. FedEx’s dividend payout ratio is presently 18.43%.

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FedEx Company Profile

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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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