Guerra Pan Advisors LLC Sells 565 Shares of FedEx Co. (NYSE:FDX)

Guerra Pan Advisors LLC trimmed its holdings in shares of FedEx Co. (NYSE:FDX) by 26.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,580 shares of the shipping service provider’s stock after selling 565 shares during the period. Guerra Pan Advisors LLC’s holdings in FedEx were worth $400,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FDX. Zurcher Kantonalbank Zurich Cantonalbank raised its position in FedEx by 11.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 133,075 shares of the shipping service provider’s stock valued at $35,254,000 after buying an additional 13,197 shares during the last quarter. Trust Point Inc. purchased a new position in shares of FedEx in the 4th quarter worth about $282,000. Planned Solutions Inc. purchased a new position in shares of FedEx in the 4th quarter worth about $32,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of FedEx by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 595,122 shares of the shipping service provider’s stock worth $157,660,000 after buying an additional 13,642 shares during the last quarter. Finally, Skba Capital Management LLC boosted its holdings in shares of FedEx by 0.3% in the 3rd quarter. Skba Capital Management LLC now owns 39,320 shares of the shipping service provider’s stock worth $10,417,000 after buying an additional 100 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FDX. UBS Group boosted their price objective on FedEx from $323.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Raymond James decreased their price target on FedEx from $279.00 to $275.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 20th. Jefferies Financial Group upped their price target on FedEx from $265.00 to $300.00 and gave the company a “hold” rating in a research report on Friday, March 22nd. BNP Paribas reiterated an “underperform” rating and set a $250.00 price target on shares of FedEx in a research report on Wednesday, March 27th. Finally, Oppenheimer reissued a “market perform” rating on shares of FedEx in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average target price of $301.33.

FedEx Price Performance

FDX stock traded down $1.19 during mid-day trading on Tuesday, reaching $265.55. 334,115 shares of the company’s stock were exchanged, compared to its average volume of 2,094,266. The company has a market cap of $65.35 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. The stock’s 50 day moving average is $257.41 and its 200 day moving average is $254.05. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.26. FedEx Co. has a 12-month low of $213.80 and a 12-month high of $291.27.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, March 21st. The shipping service provider reported $3.86 EPS for the quarter, beating the consensus estimate of $3.49 by $0.37. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.95 billion. During the same quarter last year, the firm earned $3.41 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, research analysts expect that FedEx Co. will post 17.67 EPS for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a $1.26 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $5.04 dividend on an annualized basis and a yield of 1.90%. FedEx’s dividend payout ratio (DPR) is presently 29.07%.

FedEx announced that its Board of Directors has approved a stock buyback program on Thursday, March 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the shipping service provider to buy up to 7.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at FedEx

In other FedEx news, CEO Sriram Krishnasamy sold 354 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $289.19, for a total value of $102,373.26. Following the sale, the chief executive officer now directly owns 11,147 shares in the company, valued at $3,223,600.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other FedEx news, Chairman Frederick W. Smith sold 113,400 shares of FedEx stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value of $31,105,620.00. Following the sale, the chairman now owns 14,505,844 shares of the company’s stock, valued at approximately $3,978,953,009.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sriram Krishnasamy sold 354 shares of FedEx stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $289.19, for a total value of $102,373.26. Following the completion of the sale, the chief executive officer now directly owns 11,147 shares in the company, valued at approximately $3,223,600.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,668 shares of company stock worth $37,758,773. Company insiders own 8.73% of the company’s stock.

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.