Wimmer Associates 1 LLC cut its stake in shares of FedEx Corporation (NYSE:FDX) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,896 shares of the shipping service provider’s stock after selling 495 shares during the period. FedEx Corporation comprises about 1.6% of Wimmer Associates 1 LLC’s investment portfolio, making the stock its 24th largest position. Wimmer Associates 1 LLC’s holdings in FedEx Corporation were worth $1,736,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Alexandria Capital LLC raised its position in shares of FedEx Corporation by 2.1% in the first quarter. Alexandria Capital LLC now owns 527 shares of the shipping service provider’s stock valued at $103,000 after buying an additional 11 shares in the last quarter. Pinnacle Bank bought a new position in shares of FedEx Corporation during the first quarter valued at approximately $122,000. Adirondack Trust Co. raised its position in shares of FedEx Corporation by 1.5% in the first quarter. Adirondack Trust Co. now owns 662 shares of the shipping service provider’s stock valued at $129,000 after buying an additional 10 shares in the last quarter. Brick & Kyle Associates raised its position in shares of FedEx Corporation by 1.5% in the first quarter. Brick & Kyle Associates now owns 674 shares of the shipping service provider’s stock valued at $132,000 after buying an additional 10 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of FedEx Corporation during the fourth quarter valued at approximately $157,000. Institutional investors own 76.49% of the company’s stock.

Shares of FedEx Corporation (FDX) traded down 0.02% during mid-day trading on Friday, hitting $209.32. 1,450,051 shares of the company traded hands. FedEx Corporation has a 52-week low of $158.20 and a 52-week high of $219.99. The firm has a 50-day moving average price of $213.53 and a 200 day moving average price of $197.66. The firm has a market cap of $56.15 billion, a price-to-earnings ratio of 18.91 and a beta of 1.27.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.37. The business had revenue of $15.70 billion during the quarter, compared to the consensus estimate of $15.56 billion. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.30 earnings per share. Equities research analysts anticipate that FedEx Corporation will post $13.60 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Thursday, June 22nd were issued a $0.50 dividend. The ex-dividend date was Tuesday, June 20th. This represents a $2.00 annualized dividend and a yield of 0.96%. This is an increase from FedEx Corporation’s previous quarterly dividend of $0.40. FedEx Corporation’s dividend payout ratio is presently 18.08%.

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Several brokerages have recently commented on FDX. Zacks Investment Research lowered shares of FedEx Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. BMO Capital Markets increased their target price on shares of FedEx Corporation from $220.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, June 23rd. CIBC increased their target price on shares of FedEx Corporation from $218.00 to $229.00 and gave the stock an “outperform” rating in a report on Thursday, June 15th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $237.00 target price on shares of FedEx Corporation in a report on Wednesday, June 21st. Finally, Vetr upgraded shares of FedEx Corporation from a “sell” rating to a “hold” rating and set a $206.26 target price on the stock in a report on Tuesday, June 20th. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $221.78.

In related news, EVP Robert B. Carter sold 24,522 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $210.96, for a total value of $5,173,161.12. Following the completion of the sale, the executive vice president now owns 68,556 shares of the company’s stock, valued at $14,462,573.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David L. Cunningham, Jr. sold 17,565 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $211.00, for a total transaction of $3,706,215.00. Following the completion of the sale, the chief executive officer now directly owns 29,148 shares of the company’s stock, valued at approximately $6,150,228. The disclosure for this sale can be found here. Insiders sold 77,757 shares of company stock valued at $16,447,426 in the last ninety days. Corporate insiders own 8.67% of the company’s stock.

About FedEx Corporation

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.

Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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