Benjamin F. Edwards & Company Inc. reduced its position in shares of FedEx Corporation (NYSE:FDX) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,528 shares of the shipping service provider’s stock after selling 94 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in FedEx Corporation were worth $332,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC acquired a new stake in shares of FedEx Corporation during the first quarter valued at about $100,000. Alexandria Capital LLC raised its stake 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. Riggs Asset Managment Co. Inc. raised its stake in shares of FedEx Corporation by 163.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock valued at $105,000 after buying an additional 300 shares in the last quarter. Cribstone Capital Management LLC raised its stake in shares of FedEx Corporation by 1.2% in the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after buying an additional 6 shares in the last quarter. Finally, Brick & Kyle Associates raised its stake 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. 75.86% of the stock is owned by institutional investors and hedge funds.

Shares of FedEx Corporation (NYSE FDX) opened at 213.78 on Thursday. The firm has a 50 day moving average price of $210.51 and a 200 day moving average price of $199.85. FedEx Corporation has a 12-month low of $158.20 and a 12-month high of $219.99. The stock has a market cap of $57.35 billion, a PE ratio of 19.31 and a beta of 1.27.

FedEx Corporation (NYSE:FDX) last announced its earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.37. The company had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.56 billion. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.30 earnings per share. On average, equities analysts expect that FedEx Corporation will post $13.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Friday, September 8th. FedEx Corporation’s payout ratio is 18.08%.

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Several equities research analysts have recently issued reports on FDX shares. Stifel Nicolaus raised their target price on FedEx Corporation from $194.00 to $216.00 and gave the company a “hold” rating in a research report on Monday, June 12th. Vetr lowered FedEx Corporation from a “hold” rating to a “sell” rating and set a $206.26 target price for the company. in a research report on Monday, June 26th. BidaskClub lowered FedEx Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. raised their target price on FedEx Corporation from $218.00 to $229.00 and gave the company an “outperform” rating in a research report on Thursday, June 15th. Finally, Zacks Investment Research lowered FedEx Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $221.78.

In other news, Director John A. Edwardson sold 2,208 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $208.14, for a total transaction of $459,573.12. Following the sale, the director now owns 30,608 shares of the company’s stock, valued at $6,370,749.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kim Jabal sold 5,918 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $216.05, for a total value of $1,278,583.90. Following the sale, the director now directly owns 3,610 shares in the company, valued at approximately $779,940.50. The disclosure for this sale can be found here. In the last three months, insiders sold 77,757 shares of company stock worth $16,447,426. 8.45% of the stock is owned by corporate insiders.

FedEx Corporation 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.

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

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