EagleClaw Capital Managment LLC Purchases 120 Shares of FedEx Co. (NYSE:FDX)

EagleClaw Capital Managment LLC raised its position in FedEx Co. (NYSE:FDX) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,823 shares of the shipping service provider’s stock after buying an additional 120 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in FedEx were worth $5,151,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evermay Wealth Management LLC increased its position in FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of FedEx in the 3rd quarter valued at $31,000. Central Valley Advisors LLC acquired a new stake in shares of FedEx during the 2nd quarter valued at $39,000. Abound Wealth Management grew its position in FedEx by 175.9% during the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock worth $45,000 after acquiring an additional 95 shares during the last quarter. Finally, Sachetta LLC increased its holdings in FedEx by 29.1% in the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after purchasing an additional 37 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Down 0.1 %

FedEx stock traded down $0.26 during trading hours on Wednesday, hitting $292.80. The stock had a trading volume of 15,762 shares, compared to its average volume of 1,794,944. The stock’s 50-day moving average price is $275.82 and its 200-day moving average price is $276.94. The stock has a market capitalization of $71.54 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.23 and a beta of 1.17. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. 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 (NYSE:FDX) last released 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 the consensus estimate of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $4.55 earnings per share. Equities research analysts anticipate that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders 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 yield of 1.89%. The ex-dividend date is Monday, December 9th. FedEx’s dividend payout ratio (DPR) is 34.05%.

Analysts Set New Price Targets

FDX has been the topic of a number of research reports. Stifel Nicolaus reduced their target price on shares of FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Bank of America decreased their price objective on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Stephens reaffirmed an “overweight” rating and set a $350.00 target price on shares of FedEx in a report on Friday, September 20th. Hsbc Global Res cut FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $316.04.

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.