Commerzbank Aktiengesellschaft FI Sells 376 Shares of FedEx Co. (NYSE:FDX)

Commerzbank Aktiengesellschaft FI lessened its stake in shares of FedEx Co. (NYSE:FDX) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,643 shares of the shipping service provider’s stock after selling 376 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in FedEx were worth $3,187,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Central Valley Advisors LLC acquired a new stake in shares of FedEx in the 2nd quarter valued at $39,000. Abound Wealth Management boosted its position in FedEx by 175.9% in the second quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after buying an additional 95 shares in the last quarter. Sachetta LLC grew its stake in FedEx by 29.1% during the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after buying an additional 37 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of FedEx during the second quarter worth approximately $50,000. Finally, TruNorth Capital Management LLC bought a new position in shares of FedEx in the second quarter valued at approximately $56,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on FDX. Raymond James cut their price objective on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a research report on Friday, September 20th. UBS Group cut their price target on FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a report on Friday, September 20th. JPMorgan Chase & Co. decreased their price objective on shares of FedEx from $359.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Evercore ISI reduced their target price on shares of FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Finally, Argus raised their price target on shares of FedEx from $325.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $314.17.

FedEx Stock Down 0.1 %

NYSE:FDX opened at $269.55 on Wednesday. FedEx Co. has a 1 year low of $224.69 and a 1 year high of $313.84. The stock has a 50-day moving average price of $279.63 and a two-hundred day moving average price of $274.90. The stock has a market cap of $66.33 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.06 and a beta of 1.17. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

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). The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. FedEx’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.55 earnings per share. As a group, equities analysts expect that FedEx Co. will post 19.6 earnings per share for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors 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 2.05%. FedEx’s dividend payout ratio is currently 32.04%.

FedEx 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.