Telos Capital Management Inc. Has $4.55 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Telos Capital Management Inc. lessened its stake in shares of FedEx Co. (NYSE:FDX) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,985 shares of the shipping service provider’s stock after selling 138 shares during the quarter. Telos Capital Management Inc.’s holdings in FedEx were worth $4,550,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FDX. Financial Management Professionals Inc. increased its position in FedEx by 143.2% during the fourth quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock worth $27,000 after acquiring an additional 63 shares during the period. Rakuten Securities Inc. bought a new position in FedEx during the fourth quarter worth about $30,000. Tennessee Valley Asset Management Partners bought a new position in FedEx during the fourth quarter worth about $31,000. Planned Solutions Inc. bought a new position in FedEx during the fourth quarter worth about $32,000. Finally, Valley National Advisers Inc. increased its position in FedEx by 123.3% during the fourth quarter. Valley National Advisers Inc. now owns 134 shares of the shipping service provider’s stock worth $33,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price target on shares of FedEx from $306.00 to $303.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Evercore ISI raised their price target on shares of FedEx from $327.00 to $351.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Stephens decreased their target price on shares of FedEx from $330.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, December 20th. Raymond James decreased their target price on shares of FedEx from $279.00 to $275.00 and set an “outperform” rating on the stock in a report on Wednesday, December 20th. Finally, BMO Capital Markets raised their target price on shares of FedEx from $290.00 to $310.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.33.

FedEx Trading Down 0.5 %

NYSE:FDX traded down $1.27 during mid-day trading on Wednesday, hitting $263.67. 671,790 shares of the company’s stock were exchanged, compared to its average volume of 2,089,723. The company has a 50 day simple moving average of $257.89 and a 200-day simple moving average of $254.05. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.76. FedEx Co. has a fifty-two week low of $213.80 and a fifty-two week high of $291.27. The firm has a market capitalization of $64.88 billion, a P/E ratio of 15.28, a PEG ratio of 1.26 and a beta of 1.21.

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

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were given a $1.26 dividend. The ex-dividend date was Friday, March 8th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 1.91%. FedEx’s dividend payout ratio (DPR) is currently 29.07%.

FedEx announced that its board has authorized a stock repurchase plan on Thursday, March 21st that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the shipping service provider to buy up to 7.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at FedEx

In other news, VP Guy M. Erwin II sold 2,749 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total value of $794,763.39. Following the transaction, the vice president now owns 486 shares in the company, valued at approximately $140,507.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Guy M. Erwin II sold 2,749 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total value of $794,763.39. Following the transaction, the vice president now owns 486 shares in the company, valued at approximately $140,507.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tracy B. Brightman sold 2,550 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $275.69, for a total transaction of $703,009.50. Following the completion of the transaction, the executive vice president now owns 6,294 shares in the company, valued at approximately $1,735,192.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,668 shares of company stock worth $37,758,773. Company insiders own 8.73% of the company’s stock.

FedEx Profile

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.