FedEx Corporation $FDX Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC trimmed its position in FedEx Corporation (NYSE:FDX) by 53.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,791 shares of the shipping service provider’s stock after selling 3,160 shares during the period. Radnor Capital Management LLC’s holdings in FedEx were worth $796,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FDX. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of FedEx by 3.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 830 shares of the shipping service provider’s stock valued at $296,000 after purchasing an additional 26 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in FedEx by 9.9% in the first quarter. Whipplewood Advisors LLC now owns 333 shares of the shipping service provider’s stock valued at $119,000 after acquiring an additional 30 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of FedEx by 11.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 283 shares of the shipping service provider’s stock valued at $101,000 after buying an additional 30 shares during the period. Avior Wealth Management LLC lifted its stake in shares of FedEx by 2.6% in the 2nd quarter. Avior Wealth Management LLC now owns 1,361 shares of the shipping service provider’s stock valued at $426,000 after purchasing an additional 34 shares during the period. Finally, CLG LLC boosted its holdings in shares of FedEx by 3.8% during the 1st quarter. CLG LLC now owns 952 shares of the shipping service provider’s stock valued at $339,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Down 1.7%

FDX opened at $298.66 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44. The company’s 50-day moving average is $306.35 and its 200 day moving average is $332.16. FedEx Corporation has a fifty-two week low of $190.75 and a fifty-two week high of $345.36. The firm has a market capitalization of $70.68 billion, a PE ratio of 16.14, a P/E/G ratio of 1.53 and a beta of 1.28.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, September 14th. FedEx’s payout ratio is 26.36%.

Wall Street Analyst Weigh In

FDX has been the subject of several recent analyst reports. Raymond James Financial reissued an “outperform” rating on shares of FedEx in a report on Thursday, October 15th. Citizens Jmp began coverage on shares of FedEx in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective for the company. Stephens raised shares of FedEx to a “strong-buy” rating in a research note on Wednesday, July 8th. Citigroup reaffirmed a “cautious” rating on shares of FedEx in a research note on Wednesday, October 7th. Finally, Weiss Ratings cut shares of FedEx from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $354.64.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.