Gulf International Bank UK Ltd cut its stake in shares of FedEx Corp. (NYSE:FDX) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,285 shares of the shipping service provider’s stock after selling 250 shares during the period. Gulf International Bank UK Ltd’s holdings in FedEx Corp. were worth $13,849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Personal Financial Services raised its position in FedEx Corp. by 18.6% in the second quarter. First Personal Financial Services now owns 708 shares of the shipping service provider’s stock valued at $107,000 after buying an additional 111 shares during the last quarter. Glassman Wealth Services raised its position in FedEx Corp. by 200.6% in the second quarter. Glassman Wealth Services now owns 974 shares of the shipping service provider’s stock valued at $148,000 after buying an additional 650 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its position in FedEx Corp. by 2.5% in the second quarter. Beese Fulmer Investment Management Inc. now owns 1,319 shares of the shipping service provider’s stock valued at $200,000 after buying an additional 32 shares during the last quarter. HBK Sorce Advisory LLC acquired a new position in FedEx Corp. during the second quarter valued at approximately $202,000. Finally, Park National Corp OH acquired a new position in FedEx Corp. during the third quarter valued at approximately $204,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for FedEx Corp. (NYSE:FDX)

Shares of FedEx Corp. (NYSE:FDX) traded down 0.77% during midday trading on Monday, hitting $190.05. 1,195,957 shares of the company’s stock traded hands. The company has a 50 day moving average of $177.63 and a 200 day moving average of $166.56. The stock has a market cap of $50.51 billion, a P/E ratio of 28.43 and a beta of 1.14. FedEx Corp. has a 52 week low of $119.71 and a 52 week high of $191.84.

FedEx Corp. (NYSE:FDX) last announced its quarterly earnings data on Tuesday, September 20th. The shipping service provider reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.81 by $0.09. FedEx Corp. had a return on equity of 21.65% and a net margin of 3.49%. The firm had revenue of $14.70 billion for the quarter. During the same quarter last year, the business earned $2.42 earnings per share. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities analysts forecast that FedEx Corp. will post $12.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, December 8th. FedEx Corp.’s dividend payout ratio (DPR) is presently 23.99%.

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Several research analysts have recently commented on the stock. Deutsche Bank AG began coverage on shares of FedEx Corp. in a research note on Thursday. They issued a “buy” rating for the company. BMO Capital Markets began coverage on shares of FedEx Corp. in a research note on Thursday, November 17th. They issued a “market perform” rating and a $190.00 price target for the company. Oppenheimer Holdings Inc. lifted their price target on shares of FedEx Corp. from $180.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 21st. Stifel Nicolaus lifted their price target on shares of FedEx Corp. from $179.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, September 21st. Finally, Vetr upgraded shares of FedEx Corp. from a “buy” rating to a “strong-buy” rating and set a $179.94 price target for the company in a research note on Tuesday, August 2nd. Twelve research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. FedEx Corp. has a consensus rating of “Buy” and a consensus target price of $179.22.

In related news, insider Henry J. Maier sold 5,213 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $176.65, for a total transaction of $920,876.45. Following the transaction, the insider now directly owns 27,720 shares in the company, valued at $4,896,738. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David J. Bronczek sold 32,669 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $176.30, for a total value of $5,759,544.70. Following the transaction, the chief executive officer now owns 85,356 shares in the company, valued at $15,048,262.80. The disclosure for this sale can be found here. Corporate insiders own 8.67% of the company’s stock.

FedEx Corp. Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

5 Day Chart for NYSE:FDX

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