FedEx Co. (NYSE:FDX) Shares Sold by Fmr LLC

Fmr LLC decreased its position in shares of FedEx Co. (NYSE:FDX) by 16.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,786,062 shares of the shipping service provider’s stock after selling 919,375 shares during the quarter. Fmr LLC owned 1.96% of FedEx worth $1,309,849,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC purchased a new stake in shares of FedEx during the 1st quarter worth about $629,000. Waverly Advisors LLC grew its holdings in FedEx by 124.6% in the first quarter. Waverly Advisors LLC now owns 3,522 shares of the shipping service provider’s stock valued at $1,021,000 after purchasing an additional 1,954 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of FedEx by 15.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 13,944 shares of the shipping service provider’s stock valued at $3,711,000 after buying an additional 1,894 shares in the last quarter. Tidal Investments LLC raised its stake in shares of FedEx by 77.9% during the 1st quarter. Tidal Investments LLC now owns 17,530 shares of the shipping service provider’s stock worth $5,079,000 after buying an additional 7,678 shares during the period. Finally, Coppell Advisory Solutions Corp. purchased a new position in shares of FedEx during the 1st quarter valued at approximately $251,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Performance

NYSE FDX opened at $302.95 on Wednesday. The stock has a market cap of $74.02 billion, a PE ratio of 18.69, a P/E/G ratio of 1.27 and a beta of 1.17. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84. The stock has a fifty day simple moving average of $276.70 and a 200-day simple moving average of $278.25. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing the consensus estimate of $4.82 by ($1.22). The company had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $4.55 EPS. Equities analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Monday, December 9th. FedEx’s dividend payout ratio (DPR) is 34.05%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FDX. Stephens restated an “overweight” rating and set a $350.00 price objective on shares of FedEx in a research report on Friday, September 20th. HSBC lowered shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price target on the stock. in a research note on Friday, September 20th. Daiwa America lowered FedEx from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Stifel Nicolaus decreased their target price on FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Finally, Citigroup boosted their price target on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and an average price target of $316.04.

FedEx Company 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.