FedEx Co. (NYSE:FDX) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. increased its position in FedEx Co. (NYSE:FDX) by 5.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 35,415 shares of the shipping service provider’s stock after purchasing an additional 1,787 shares during the period. D.A. Davidson & CO.’s holdings in FedEx were worth $9,693,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FDX. Ameriprise Financial Inc. lifted its stake in FedEx by 34.6% in the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after buying an additional 578,350 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in FedEx by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider’s stock worth $654,312,000 after purchasing an additional 121,240 shares during the period. Charles Schwab Investment Management Inc. grew its position in FedEx by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock worth $397,267,000 after purchasing an additional 13,093 shares during the last quarter. Sentry LLC increased its stake in FedEx by 0.5% in the second quarter. Sentry LLC now owns 1,219,405 shares of the shipping service provider’s stock valued at $365,626,000 after purchasing an additional 6,657 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of FedEx by 473.8% in the third quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock valued at $2,147,540,000 after buying an additional 647,926 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group lowered their price target on FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Morgan Stanley downgraded 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 research note on Friday, September 20th. Stephens restated an “overweight” rating and set a $350.00 price target on shares of FedEx in a research note on Friday, September 20th. Hsbc Global Res cut shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Stifel Nicolaus dropped their price target on shares of FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average price target of $316.04.

FedEx Trading Down 0.7 %

Shares of FedEx stock opened at $302.95 on Wednesday. The business has a 50 day moving average price of $276.70 and a 200 day moving average price of $278.25. The company has a market capitalization of $74.02 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $21.87 billion. During the same quarter in the prior year, the company earned $4.55 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Sell-side analysts anticipate that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Monday, December 9th. FedEx’s dividend payout ratio is presently 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.