1,613 Shares in FedEx Corporation $FDX Purchased by Transamerica Financial Advisors LLC

Transamerica Financial Advisors LLC acquired a new stake in FedEx Corporation (NYSE:FDX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,613 shares of the shipping service provider’s stock, valued at approximately $506,000.

A number of other large investors have also modified their holdings of FDX. Hollencrest Capital Management purchased a new stake in shares of FedEx in the first quarter valued at approximately $25,000. Bayban acquired a new stake in FedEx in the first quarter valued at $26,000. Solstein Capital LLC purchased a new stake in shares of FedEx during the 2nd quarter worth $27,000. EFG International AG acquired a new position in shares of FedEx during the 4th quarter worth $27,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of FedEx during the 3rd quarter worth $28,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FDX. Barclays reduced their price objective on shares of FedEx from $450.00 to $425.00 and set an “overweight” rating for the company in a research note on Wednesday, June 17th. Wall Street Zen raised FedEx to a “hold” rating in a research note on Saturday, August 8th. HSBC dropped their price objective on FedEx from $360.00 to $289.89 and set a “hold” rating for the company in a research note on Monday, June 1st. Stifel Nicolaus dropped their price target on FedEx from $442.00 to $326.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group decreased their price objective on shares of FedEx from $405.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and a consensus target price of $350.54.

FedEx Stock Performance

FedEx stock opened at $336.52 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The stock has a fifty day moving average of $319.13 and a two-hundred day moving average of $351.11. The company has a market capitalization of $79.64 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.72 and a beta of 1.30. FedEx Corporation has a fifty-two week low of $177.05 and a fifty-two week high of $345.36.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. The business had revenue of $23.26 billion for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. On average, analysts anticipate that FedEx Corporation will post 17.6 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, September 14th. FedEx’s dividend payout ratio is 26.36%.

Insider Activity

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the sale, the director directly owned 16,359 shares of the company’s stock, valued at $5,309,477.04. This trade represents a 23.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is owned by corporate insiders.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.