Savant Capital LLC Trims Stock Position in FedEx Corporation $FDX

Savant Capital LLC cut its position in shares of FedEx Corporation (NYSE:FDX) by 55.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,708 shares of the shipping service provider’s stock after selling 22,311 shares during the quarter. Savant Capital LLC’s holdings in FedEx were worth $5,115,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FDX. Wealth Watch Advisors INC purchased a new position in FedEx during the third quarter worth about $28,000. Ameriflex Group Inc. increased its position in shares of FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after acquiring an additional 63 shares during the last quarter. Ulland Investment Advisors LLC acquired a new stake in shares of FedEx during the fourth quarter valued at about $29,000. Tucker Asset Management LLC acquired a new stake in shares of FedEx during the fourth quarter valued at about $29,000. Finally, ORG Partners LLC increased its position in shares of FedEx by 50.0% during the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after acquiring an additional 35 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the completion of the transaction, the executive vice president owned 19,403 shares in the company, valued at $7,110,229.35. The trade was a 51.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan C. Schwab sold 5,795 shares of FedEx stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the completion of the transaction, the director owned 10,038 shares of the company’s stock, valued at $3,704,022. This represents a 36.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,104 shares of company stock worth $17,599,006 over the last three months. Insiders own 0.53% of the company’s stock.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight’s spinoff is set to go live on June 1, and Wall Street commentary suggests the separation could unlock value for FedEx’s remaining business by sharpening its focus and simplifying the investment case. FedEx Freight (FDXF) Spinoff Goes Live June 1: Everything You Need to Know
• Positive Sentiment: JPMorgan reportedly turned constructive on FedEx ahead of the spinoff, saying the transaction could unlock more value for the parent company and supporting the stock as a buy idea. FedEx is a buy as freight business spinoff approaches, JPMorgan says
• Positive Sentiment: The new FedEx Freight company is expected to join major indexes quickly, including the S&P 500 and Dow Jones Transportation Average, which could create automatic index-related demand for the spun-off shares and reinforce investor attention on the separation. FedEx Freight Holding Set to Join Dow Jones Transportation Average
• Neutral Sentiment: Market coverage is also highlighting upcoming earnings and valuation debate around FedEx, with investors weighing whether the stock’s recent momentum can continue after the corporate restructuring.

FedEx Trading Up 0.2%

Shares of FDX stock opened at $412.11 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a market capitalization of $98.33 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. The company has a 50 day moving average price of $376.41 and a 200 day moving average price of $338.03. FedEx Corporation has a fifty-two week low of $214.82 and a fifty-two week high of $413.87.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The firm had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.51 earnings per share. Equities research analysts predict that FedEx Corporation will post 19.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of FedEx from $220.00 to $230.00 and gave the company an “underweight” rating in a research report on Friday, March 20th. Sanford C. Bernstein lifted their price target on shares of FedEx from $457.00 to $470.00 and gave the company an “outperform” rating in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft cut shares of FedEx from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company upgraded shares of FedEx from an “overweight” rating to an “overweight” rating in a research report on Wednesday. Finally, Seaport Research Partners assumed coverage on shares of FedEx in a research report on Wednesday. They set a “buy” rating for the company. Eighteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $400.69.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.