Missouri Trust & Investment Co Boosts Holdings in FedEx Co. (NYSE:FDX)

Missouri Trust & Investment Co boosted its position in FedEx Co. (NYSE:FDX) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,065 shares of the shipping service provider’s stock after buying an additional 230 shares during the period. Missouri Trust & Investment Co’s holdings in FedEx were worth $1,386,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Atomi Financial Group Inc. purchased a new position in FedEx during the first quarter worth about $245,000. ProShare Advisors LLC lifted its holdings in FedEx by 16.8% in the first quarter. ProShare Advisors LLC now owns 35,979 shares of the shipping service provider’s stock valued at $10,425,000 after acquiring an additional 5,186 shares during the period. Bleakley Financial Group LLC grew its holdings in FedEx by 1.1% in the first quarter. Bleakley Financial Group LLC now owns 17,032 shares of the shipping service provider’s stock valued at $4,935,000 after purchasing an additional 184 shares during the last quarter. Koshinski Asset Management Inc. increased its position in shares of FedEx by 13.2% in the first quarter. Koshinski Asset Management Inc. now owns 1,548 shares of the shipping service provider’s stock valued at $448,000 after buying an additional 180 shares in the last quarter. Finally, Jacobson & Schmitt Advisors LLC raised its stake in shares of FedEx by 0.9% during the 1st quarter. Jacobson & Schmitt Advisors LLC now owns 41,798 shares of the shipping service provider’s stock worth $12,111,000 after buying an additional 372 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Down 0.8 %

FDX stock traded down $2.22 during midday trading on Tuesday, reaching $287.57. The company’s stock had a trading volume of 171,842 shares, compared to its average volume of 1,804,391. The business’s 50-day simple moving average is $275.18 and its 200-day simple moving average is $275.69. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The stock has a market cap of $70.26 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.15 and a beta of 1.17.

FedEx (NYSE:FDX) last released its quarterly earnings data 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 net margin of 4.62% and a return on equity of 15.61%. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter in the prior year, the company posted $4.55 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The company also recently declared 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. The ex-dividend date was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.92%. FedEx’s dividend payout ratio is 34.05%.

Analysts Set New Price Targets

A number of brokerages have issued reports on FDX. Morgan Stanley cut shares of FedEx from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $215.00 to $200.00 in a research report on Friday, September 20th. HSBC cut FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price on the stock. in a report on Friday, September 20th. JPMorgan Chase & Co. dropped their target price on shares of FedEx from $359.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Stifel Nicolaus decreased their target price on FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Finally, Robert W. Baird cut their price target on shares of FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $314.17.

About FedEx

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.