FedEx Co. (NYSE:FDX) Shares Purchased by Hills Bank & Trust Co

Hills Bank & Trust Co boosted its stake in shares of FedEx Co. (NYSE:FDX) by 121.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,398 shares of the shipping service provider’s stock after buying an additional 766 shares during the quarter. Hills Bank & Trust Co’s holdings in FedEx were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FDX. Pacific Sage Partners LLC increased its position in shares of FedEx by 9.5% in the third quarter. Pacific Sage Partners LLC now owns 1,156 shares of the shipping service provider’s stock valued at $316,000 after buying an additional 100 shares in the last quarter. Jacobson & Schmitt Advisors LLC lifted its holdings in shares of FedEx by 3.7% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 46,706 shares of the shipping service provider’s stock valued at $12,783,000 after purchasing an additional 1,653 shares in the last quarter. US Bancorp DE increased its stake in shares of FedEx by 0.8% during the 3rd quarter. US Bancorp DE now owns 115,634 shares of the shipping service provider’s stock worth $31,647,000 after purchasing an additional 910 shares in the last quarter. Catalyst Financial Partners LLC raised its position in shares of FedEx by 9.8% during the 3rd quarter. Catalyst Financial Partners LLC now owns 934 shares of the shipping service provider’s stock worth $256,000 after purchasing an additional 83 shares during the last quarter. Finally, Tevis Investment Management lifted its stake in FedEx by 2.6% in the 3rd quarter. Tevis Investment Management now owns 1,783 shares of the shipping service provider’s stock valued at $490,000 after buying an additional 46 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of analyst reports. Daiwa America cut FedEx from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. TD Cowen decreased their price target on shares of FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Robert W. Baird cut their price objective on shares of FedEx from $340.00 to $320.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. UBS Group lowered their target price on shares of FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Finally, Bernstein Bank increased their price target on FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.17.

FedEx Stock Performance

FedEx stock opened at $274.34 on Friday. The firm has a market capitalization of $67.03 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.10 and a beta of 1.17. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The stock’s 50 day moving average price is $277.10 and its 200 day moving average price is $274.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. During the same period in the previous year, the firm posted $4.55 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts expect that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, September 9th. FedEx’s payout ratio is 34.05%.

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.