1,477 Shares in FedEx Co. (NYSE:FDX) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in shares of FedEx Co. (NYSE:FDX) in the 3rd quarter, HoldingsChannel reports. The firm purchased 1,477 shares of the shipping service provider’s stock, valued at approximately $404,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDX. International Assets Investment Management LLC boosted its holdings in FedEx by 473.8% during the 3rd 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 acquiring an additional 647,926 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of FedEx by 34.6% in the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock worth $674,336,000 after purchasing an additional 578,350 shares during the last quarter. Ceredex Value Advisors LLC increased its stake in shares of FedEx by 77.8% in the third quarter. Ceredex Value Advisors LLC now owns 368,107 shares of the shipping service provider’s stock worth $101,022,000 after buying an additional 161,022 shares during the period. Empyrean Capital Partners LP bought a new stake in FedEx during the 2nd quarter valued at $46,475,000. Finally, Interval Partners LP boosted its position in FedEx by 408.3% during the 2nd quarter. Interval Partners LP now owns 191,088 shares of the shipping service provider’s stock valued at $57,296,000 after buying an additional 153,497 shares during the period. 84.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FDX has been the subject of several recent analyst reports. BMO Capital Markets lowered their price objective on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a research note on Friday, September 20th. Evercore ISI dropped their price objective on FedEx from $335.00 to $318.00 and set an “outperform” rating for the company in a report on Friday, September 20th. TD Cowen cut their price objective on FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. The Goldman Sachs Group decreased their target price on FedEx from $333.00 to $332.00 in a report on Friday, September 20th. Finally, Morgan Stanley cut shares of FedEx from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $215.00 to $200.00 in a report on Friday, September 20th. Two equities 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 stock. According to MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.04.

FedEx Stock Up 0.1 %

Shares of NYSE:FDX opened at $303.39 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $276.86 and a two-hundred day simple moving average of $278.60. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The stock has a market capitalization of $74.13 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.27 and a beta of 1.17.

FedEx (NYSE:FDX) last posted its quarterly earnings results 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 return on equity of 15.61% and a net margin of 4.62%. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $21.87 billion. During the same period in the prior year, the firm earned $4.55 EPS. FedEx’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, December 9th. FedEx’s dividend payout ratio (DPR) is currently 34.05%.

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.