Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in FedEx Corporation (NYSE:FDX) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,985 shares of the shipping service provider’s stock after selling 25 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in FedEx Corporation were worth $1,245,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Handelsbanken Fonder AB purchased a new position in FedEx Corporation in the 2nd quarter valued at about $435,000. Janney Montgomery Scott LLC lifted its holdings in FedEx Corporation by 1.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 53,299 shares of the shipping service provider’s stock valued at $11,584,000 after purchasing an additional 707 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in FedEx Corporation by 2.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 69,903 shares of the shipping service provider’s stock valued at $13,641,000 after purchasing an additional 1,852 shares in 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 purchasing an additional 1,418,066 shares in the last quarter. Finally, Sprott Inc. lifted its holdings in FedEx Corporation by 11.7% in the 2nd quarter. Sprott Inc. now owns 7,650 shares of the shipping service provider’s stock valued at $1,663,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 75.89% of the company’s stock.

In other FedEx Corporation news, Director John A. Edwardson sold 2,208 shares of FedEx Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $208.14, for a total value of $459,573.12. Following the transaction, the director now directly owns 30,608 shares of the company’s stock, valued at approximately $6,370,749.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Donald F. Colleran sold 10,000 shares of FedEx Corporation stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,499 shares in the company, valued at $6,709,780. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,172 shares of company stock worth $6,039,193. Company insiders own 8.45% of the company’s stock.

FedEx Corporation (FDX) opened at 221.61 on Friday. The firm has a 50-day moving average price of $215.00 and a 200-day moving average price of $204.70. The stock has a market cap of $59.42 billion, a PE ratio of 20.89 and a beta of 1.31. FedEx Corporation has a 12-month low of $168.00 and a 12-month high of $227.00. FedEx Corporation also saw unusually large options trading on Wednesday. Stock investors bought 12,915 put options on the stock. This is an increase of 309% compared to the average volume of 3,161 put options.

FedEx Corporation (NYSE:FDX) last issued its quarterly 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 business had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.90 earnings per share. Analysts forecast that FedEx Corporation will post $12.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, September 8th. FedEx Corporation’s dividend payout ratio is currently 18.87%.

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A number of research firms have issued reports on FDX. UBS AG restated a “buy” rating and issued a $235.00 target price (up from $215.00) on shares of FedEx Corporation in a report on Wednesday, June 21st. Cowen and Company restated a “buy” rating and issued a $240.00 target price on shares of FedEx Corporation in a report on Thursday, August 10th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $229.00 target price on shares of FedEx Corporation in a report on Wednesday, September 20th. Stifel Nicolaus restated a “hold” rating and issued a $221.00 target price (up from $216.00) on shares of FedEx Corporation in a report on Wednesday, September 20th. Finally, BidaskClub lowered shares of FedEx Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $225.41.

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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