Mcdaniel Terry & Co. Raises Holdings in FedEx Co. (NYSE:FDX)

Mcdaniel Terry & Co. lifted its holdings in shares of FedEx Co. (NYSE:FDX) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,181 shares of the shipping service provider’s stock after buying an additional 1,157 shares during the period. FedEx comprises 2.7% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its 14th biggest holding. Mcdaniel Terry & Co.’s holdings in FedEx were worth $32,344,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wealthcare Advisory Partners LLC grew its holdings in shares of FedEx by 7.7% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,924 shares of the shipping service provider’s stock worth $558,000 after acquiring an additional 137 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of FedEx by 6.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,508 shares of the shipping service provider’s stock worth $10,868,000 after acquiring an additional 2,241 shares during the period. 180 Wealth Advisors LLC grew its holdings in shares of FedEx by 4.1% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,522 shares of the shipping service provider’s stock worth $441,000 after acquiring an additional 60 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in shares of FedEx in the 1st quarter worth approximately $277,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of FedEx by 20.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,564 shares of the shipping service provider’s stock worth $1,322,000 after acquiring an additional 785 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Up 1.8 %

FDX stock opened at $272.87 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The company has a fifty day moving average price of $279.32 and a two-hundred day moving average price of $274.85. FedEx Co. has a one year low of $224.69 and a one year high of $313.84. The stock has a market cap of $67.15 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.06 and a beta of 1.17.

FedEx (NYSE:FDX) last released its quarterly 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). The business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. FedEx’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.55 earnings per share. Equities analysts anticipate that FedEx Co. will post 19.6 EPS for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were given a $1.38 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $5.52 annualized dividend and a yield of 2.02%. FedEx’s dividend payout ratio is presently 32.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FDX shares. Stephens reiterated an “overweight” rating and set a $350.00 target price on shares of FedEx in a report on Friday, September 20th. Morgan Stanley cut FedEx from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $215.00 to $200.00 in a report on Friday, September 20th. Stifel Nicolaus lowered their target price on FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Citigroup started coverage on FedEx in a report on Wednesday, October 9th. They set a “buy” rating and a $301.00 target price on the stock. Finally, Raymond James lowered their target price on FedEx from $335.00 to $330.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $314.17.

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.