Mycio Wealth Partners LLC held its position in FedEx Corporation (NYSE:FDX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,045 shares of the shipping service provider’s stock at the close of the second quarter. Mycio Wealth Partners LLC’s holdings in FedEx Corporation were worth $204,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FNY Managed Accounts LLC bought a new position in shares of FedEx Corporation in the 1st quarter worth about $100,000. Riggs Asset Managment Co. Inc. lifted its position in shares of FedEx Corporation by 163.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock worth $105,000 after buying an additional 300 shares during the last quarter. Cribstone Capital Management LLC lifted its position in shares of FedEx Corporation by 1.2% in the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after buying an additional 6 shares during the last quarter. Alexandria Capital LLC lifted its position in shares of FedEx Corporation by 2.5% in the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after buying an additional 13 shares during the last quarter. Finally, Hefty Wealth Partners lifted its position in shares of FedEx Corporation by 26.0% in the 2nd quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock worth $136,000 after buying an additional 130 shares during the last quarter. Institutional investors own 75.89% of the company’s stock.

In other news, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the transaction, the executive vice president now owns 30,499 shares of the company’s stock, valued at approximately $6,709,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael L. Ducker sold 14,964 shares of the company’s stock in a transaction on Friday, September 29th. The shares were 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. In the last three months, insiders sold 27,172 shares of company stock worth $6,039,193. Insiders own 8.45% of the company’s stock.

A number of research analysts have recently issued reports on the stock. UBS AG restated a “buy” rating and issued a $235.00 price target (up from $215.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. Cowen and Company reiterated a “buy” rating and issued a $240.00 price objective on shares of FedEx Corporation in a research report on Thursday, August 10th. Bank of America Corporation reiterated a “buy” rating and issued a $247.00 price objective (up from $240.00) on shares of FedEx Corporation in a research report on Friday. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $229.00 price objective on shares of FedEx Corporation in a research report on Wednesday, September 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $221.00 price objective (up from $216.00) on shares of FedEx Corporation in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $225.71.

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FedEx Corporation (NYSE FDX) opened at 220.80 on Friday. The firm has a market cap of $59.21 billion, a P/E ratio of 20.82 and a beta of 1.31. The firm’s 50-day moving average price is $215.44 and its 200-day moving average price is $204.90. FedEx Corporation has a 52-week low of $168.00 and a 52-week high of $227.00.

FedEx Corporation (NYSE:FDX) last announced its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. During the same quarter last year, the company posted $2.90 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts expect that FedEx Corporation will post $12.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $2.00 annualized dividend and a yield of 0.91%. FedEx Corporation’s dividend payout ratio is currently 18.87%.

FedEx Corporation 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.

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

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