Nwam LLC bought a new position in shares of FedEx Corporation (NYSE:FDX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,926 shares of the shipping service provider’s stock, valued at approximately $419,000.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of FedEx Corporation by 1,912.1% during the 1st quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock valued at $2,892,768,000 after purchasing an additional 14,086,601 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of FedEx Corporation by 21,011.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,424,815 shares of the shipping service provider’s stock valued at $6,556,000 after purchasing an additional 1,418,066 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of FedEx Corporation by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 17,997,225 shares of the shipping service provider’s stock valued at $3,512,158,000 after purchasing an additional 918,896 shares during the last quarter. Pioneer Investment Management Inc. lifted its holdings in shares of FedEx Corporation by 1,611.5% during the 1st quarter. Pioneer Investment Management Inc. now owns 870,646 shares of the shipping service provider’s stock valued at $169,906,000 after purchasing an additional 819,777 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of FedEx Corporation by 360.6% during the 1st quarter. Nordea Investment Management AB now owns 935,838 shares of the shipping service provider’s stock valued at $182,629,000 after purchasing an additional 732,644 shares during the last quarter. Institutional investors own 75.86% of the company’s stock.

Several brokerages have recently commented on FDX. UBS AG reiterated a “buy” rating and set a $235.00 price objective (up previously from $215.00) on shares of FedEx Corporation in a report on Wednesday, June 21st. Cowen and Company reiterated a “buy” rating and set a $240.00 price objective on shares of FedEx Corporation in a report on Thursday, August 10th. BMO Capital Markets reiterated a “buy” rating and set a $245.00 price objective on shares of FedEx Corporation in a report on Wednesday. BidaskClub lowered FedEx Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research lowered FedEx Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $221.72.

In other news, VP John L. Merino sold 7,200 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $211.26, for a total transaction of $1,521,072.00. Following the transaction, the vice president now directly owns 33,908 shares in the company, valued at $7,163,404.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robert B. Carter sold 24,522 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $210.96, for a total transaction of $5,173,161.12. Following the transaction, the executive vice president now owns 68,556 shares in the company, valued at $14,462,573.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,757 shares of company stock worth $16,447,426. Company insiders own 8.45% of the company’s stock.

Shares of FedEx Corporation (NYSE FDX) opened at 210.48 on Friday. The firm has a market capitalization of $56.46 billion, a PE ratio of 19.01 and a beta of 1.28. FedEx Corporation has a 52-week low of $158.20 and a 52-week high of $219.99. The stock’s 50 day moving average price is $209.41 and its 200-day moving average price is $201.21.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, September 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. FedEx Corporation’s dividend payout ratio (DPR) is 18.08%.

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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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