Boston Private Wealth LLC trimmed its holdings in FedEx Corporation (NYSE:FDX) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,210 shares of the shipping service provider’s stock after selling 1,357 shares during the quarter. Boston Private Wealth LLC’s holdings in FedEx Corporation were worth $21,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in FedEx Corporation by 5.4% in 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 acquiring an additional 918,896 shares during the last quarter. BlackRock Inc. lifted its holdings in FedEx Corporation by 1,912.1% in 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 acquiring an additional 14,086,601 shares during the last quarter. Geode Capital Management LLC lifted its holdings in FedEx Corporation by 8.4% in the 1st quarter. Geode Capital Management LLC now owns 2,236,044 shares of the shipping service provider’s stock valued at $435,698,000 after acquiring an additional 173,544 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in FedEx Corporation by 21,011.5% in 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 acquiring an additional 1,418,066 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in FedEx Corporation by 28.8% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,396,492 shares of the shipping service provider’s stock valued at $272,525,000 after acquiring an additional 312,272 shares during the last quarter. 75.84% of the stock is owned by institutional investors.

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A number of research firms have commented on FDX. UBS AG reaffirmed a “buy” rating and set a $235.00 price objective (up from $215.00) on shares of FedEx Corporation in a research note on Wednesday, June 21st. Cowen and Company reaffirmed a “buy” rating and set a $240.00 price objective on shares of FedEx Corporation in a research note on Thursday, August 10th. Sanford C. Bernstein set a $212.00 price objective on shares of FedEx Corporation and gave the company a “neutral” rating in a research note on Wednesday, September 20th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $229.00 price objective on shares of FedEx Corporation in a research note on Wednesday, September 20th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $221.00 price objective (up from $216.00) on shares of FedEx Corporation in a research note on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. FedEx Corporation currently has a consensus rating of “Buy” and a consensus price target of $225.26.

FedEx Corporation (NYSE:FDX) opened at 225.58 on Friday. The firm has a market cap of $60.49 billion, a P/E ratio of 21.27 and a beta of 1.28. FedEx Corporation has a one year low of $168.00 and a one year high of $226.34. The firm’s 50-day moving average price is $210.17 and its 200 day moving average price is $202.36.

FedEx Corporation (NYSE:FDX) last released its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.90 EPS. On average, equities research analysts forecast that FedEx Corporation will post $12.48 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, September 8th. FedEx Corporation’s dividend payout ratio (DPR) is 18.87%.

In other FedEx Corporation news, Director John A. Edwardson sold 2,208 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 30,608 shares of the company’s stock, valued at approximately $6,370,749.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael L. Ducker sold 14,964 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. Following the transaction, the chief executive officer now directly owns 53,397 shares in the company, valued at approximately $12,059,712.45. The disclosure for this sale can be found here. Insiders have sold a total of 27,172 shares of company stock worth $6,039,193 in the last ninety days. Insiders own 8.45% 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.

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

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