Wesbanco Bank Inc. Sells 233 Shares of FedEx Co. (NYSE:FDX)

Wesbanco Bank Inc. reduced its position in shares of FedEx Co. (NYSE:FDX) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,662 shares of the shipping service provider’s stock after selling 233 shares during the quarter. Wesbanco Bank Inc.’s holdings in FedEx were worth $5,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in FedEx during the 3rd quarter worth about $3,405,000. Czech National Bank increased its stake in shares of FedEx by 6.4% in the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock valued at $12,564,000 after acquiring an additional 2,767 shares during the last quarter. Wedmont Private Capital increased its stake in shares of FedEx by 4.1% in the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after acquiring an additional 91 shares during the last quarter. Persium Advisors LLC bought a new stake in shares of FedEx in the 4th quarter valued at about $530,000. Finally, Magnolia Capital Advisors LLC bought a new stake in shares of FedEx in the 2nd quarter valued at about $9,226,000. 84.47% of the stock is owned by institutional investors.

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane bought 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by insiders.

FedEx Stock Down 1.8 %

FDX stock opened at $270.52 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $65.16 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.14 and a beta of 1.20. The business’s fifty day moving average price is $282.95 and its two-hundred day moving average price is $283.61. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $3.99 EPS. On average, equities analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Analyst Ratings Changes

A number of analysts have recently commented on FDX shares. Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Citigroup upped their price target on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Bank of America boosted their price objective on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. BMO Capital Markets boosted their price objective on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Finally, Stephens decreased their price objective on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $325.61.

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.