Bradley Foster & Sargent Inc. CT decreased its holdings in shares of FedEx Corporation (NYSE:FDX) by 42.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,909 shares of the shipping service provider’s stock after selling 1,380 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in FedEx Corporation were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of FDX. BlackRock Inc. grew its position 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 acquiring an additional 14,086,601 shares during the period. Harbour Capital Advisors LLC grew its position 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 acquiring an additional 1,418,066 shares during the period. Vanguard Group Inc. grew its position 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 acquiring an additional 918,896 shares during the period. Pioneer Investment Management Inc. grew its position 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 acquiring an additional 819,777 shares during the period. Finally, Nordea Investment Management AB grew its position 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 acquiring an additional 732,644 shares during the period. 75.89% of the stock is owned by hedge funds and other institutional investors.

Shares of FedEx Corporation (FDX) opened at 225.06 on Friday. FedEx Corporation has a 52-week low of $168.00 and a 52-week high of $227.00. The company has a 50-day moving average of $217.17 and a 200-day moving average of $205.79. The stock has a market capitalization of $60.35 billion, a price-to-earnings ratio of 21.22 and a beta of 1.31.

FedEx Corporation (NYSE:FDX) last issued its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The firm had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.35 billion. During the same period last year, the firm earned $2.90 earnings per share. FedEx Corporation’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts anticipate that FedEx Corporation will post $12.46 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, September 8th. FedEx Corporation’s dividend payout ratio (DPR) is presently 18.87%.

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A number of equities research analysts have recently issued reports on FDX shares. Bank of America Corporation reissued a “buy” rating and set a $240.00 price objective (up previously from $230.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. Deutsche Bank AG set a $235.00 price objective on shares of FedEx Corporation and gave the company a “buy” rating in a research report on Wednesday, June 21st. UBS AG reissued a “buy” rating and set a $235.00 price objective (up previously from $215.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. Loop Capital reaffirmed a “buy” rating and issued a $234.00 target price on shares of FedEx Corporation in a report on Tuesday, July 4th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $240.00 target price on shares of FedEx Corporation in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $228.26.

In other FedEx Corporation news, Director John A. Edwardson sold 2,208 shares of FedEx Corporation stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $208.14, for a total transaction of $459,573.12. Following the transaction, the director now directly owns 30,608 shares of the company’s stock, valued at $6,370,749.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael L. Ducker sold 14,964 shares of FedEx Corporation stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the transaction, the chief executive officer now directly owns 53,397 shares in the company, valued at $12,059,712.45. The disclosure for this sale can be found here. Insiders have sold 27,172 shares of company stock worth $6,039,193 over the last ninety days. 8.45% of the stock is owned by insiders.

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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