One way is to just add a cut to what you have there.
ping -c 4 www.stackoverflow.com | tail -1| awk '{print $4}' | cut -d '/' -f 2
ping -c 4 www.stackoverflow.com | tail -1| awk -F '/' '{print $5}' would work fine.
ping -c 4 www.stackoverflow.com | tail -1| awk -F '/' '{print $5}'
"-F" option is used to specify the field separator.
This might work for you:
ping -c 4 www.stackoverflow.com | sed '$!d;s|.*/\([0-9.]*\)/.*|\1|'