MASTERINVEST Kapitalanlage GmbH Invests $855,000 in FedEx Corporation $FDX

MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of FedEx Corporation (NYSE:FDXFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,729 shares of the shipping service provider’s stock, valued at approximately $855,000.

Several other large investors have also bought and sold shares of FDX. Capstone Investment Advisors LLC bought a new position in FedEx in the second quarter valued at approximately $2,586,000. Parvin Asset Management LLC acquired a new stake in FedEx during the 2nd quarter worth $99,000. Proficio Capital Partners LLC bought a new stake in shares of FedEx during the 2nd quarter valued at $1,076,000. Pure Financial Advisors LLC bought a new stake in shares of FedEx during the 2nd quarter valued at $866,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of FedEx in the 2nd quarter valued at $506,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of FDX stock opened at $331.10 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. FedEx Corporation has a 12-month low of $177.05 and a 12-month high of $345.36. The firm has a fifty day moving average of $319.32 and a 200-day moving average of $350.71. The firm has a market capitalization of $78.36 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.71 and a beta of 1.30.

FedEx (NYSE:FDXGet Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 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, equities research analysts forecast that FedEx Corporation will post 17.6 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, September 14th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. FedEx’s dividend payout ratio (DPR) is currently 26.36%.

Insider Activity at FedEx

In other news, Director Paul S. Walsh sold 5,042 shares of FedEx stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the transaction, the director owned 16,359 shares in the company, valued at $5,309,477.04. The trade was a 23.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

Trending Headlines about FedEx

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Wall Street Analysts Forecast Growth

FDX has been the topic of several recent research reports. Sanford C. Bernstein set a $397.00 price target on FedEx in a research report on Wednesday, June 24th. Stephens upgraded FedEx to a “strong-buy” rating in a report on Wednesday, July 8th. BNP Paribas Exane cut their target price on FedEx from $335.00 to $269.76 and set a “neutral” rating on the stock in a research note on Tuesday, June 2nd. TD Cowen reduced their target price on FedEx from $426.00 to $354.00 in a report on Wednesday, June 24th. Finally, UBS Group decreased their target price on FedEx from $445.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $350.54.

Check Out Our Latest Report on FDX

FedEx Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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