Dai Ichi Life Insurance Company Ltd increased its holdings in shares of FedEx Corporation (NYSE:FDX) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,768 shares of the shipping service provider’s stock after acquiring an additional 723 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in FedEx Corporation were worth $5,600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FDX. FNY Managed Accounts LLC acquired a new position in FedEx Corporation during the first quarter worth about $100,000. Riggs Asset Managment Co. Inc. boosted its position in FedEx Corporation by 163.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock worth $105,000 after acquiring an additional 300 shares during the last quarter. Cribstone Capital Management LLC boosted its position in FedEx Corporation by 1.2% during the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after acquiring an additional 6 shares during the last quarter. Alexandria Capital LLC boosted its position in FedEx Corporation by 2.5% during the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after acquiring an additional 13 shares during the last quarter. Finally, Hefty Wealth Partners boosted its position in FedEx Corporation by 26.0% during the second quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock worth $136,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 75.88% of the company’s stock.

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Shares of FedEx Corporation (FDX) opened at 223.97 on Friday. The stock has a market capitalization of $60.06 billion, a P/E ratio of 21.12 and a beta of 1.31. The company’s 50-day moving average is $218.93 and its 200 day moving average is $206.88. FedEx Corporation has a 52 week low of $168.00 and a 52 week high of $227.00.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). The firm had revenue of $15.30 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.90 EPS. On average, equities analysts forecast that FedEx Corporation will post $12.47 EPS for the current fiscal year.

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

A number of research firms recently weighed in on FDX. Cowen and Company restated a “buy” rating and set a $240.00 price target on shares of FedEx Corporation in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of FedEx Corporation from a “hold” rating to a “sell” rating in a research report on Monday. J P Morgan Chase & Co boosted their price target on shares of FedEx Corporation from $237.00 to $264.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $229.00 price target on shares of FedEx Corporation in a research report on Wednesday, September 20th. Finally, Stifel Nicolaus restated a “hold” rating and set a $221.00 price target (up from $216.00) on shares of FedEx Corporation in a research report on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $228.26.

In other news, Director John A. Edwardson sold 2,208 shares of FedEx Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $208.14, for a total transaction of $459,573.12. Following the sale, the director now owns 30,608 shares in the company, valued at $6,370,749.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael L. Ducker sold 14,964 shares of FedEx Corporation stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the sale, the chief executive officer now 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 27,172 shares of company stock worth $6,039,193 in the last quarter. Insiders own 8.45% of the company’s stock.

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.

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

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