Advisors Asset Management Inc. boosted its stake in FedEx Co. (NYSE:FDX) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,536 shares of the shipping service provider’s stock after acquiring an additional 450 shares during the period. Advisors Asset Management Inc.’s holdings in FedEx were worth $20,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FDX. Blume Capital Management Inc. raised its holdings in shares of FedEx by 0.8% in the first quarter. Blume Capital Management Inc. now owns 6,423 shares of the shipping service provider’s stock valued at $1,253,000 after buying an additional 50 shares during the last quarter. Davidson Investment Advisors raised its holdings in shares of FedEx by 1.5% in the first quarter. Davidson Investment Advisors now owns 23,457 shares of the shipping service provider’s stock valued at $4,575,000 after buying an additional 343 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of FedEx by 3.3% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 83,800 shares of the shipping service provider’s stock valued at $16,371,000 after buying an additional 2,700 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in shares of FedEx by 18.4% in the first quarter. Johnson Financial Group Inc. now owns 8,826 shares of the shipping service provider’s stock valued at $1,722,000 after buying an additional 1,370 shares during the last quarter. Finally, Northside Capital Management LLC purchased a new stake in shares of FedEx in the first quarter valued at about $1,749,000. 75.74% of the stock is owned by hedge funds and other institutional investors.

Shares of FedEx Co. (NYSE FDX) traded up $0.99 on Thursday, reaching $236.39. 1,523,300 shares of the company’s stock traded hands, compared to its average volume of 1,476,526. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91. FedEx Co. has a one year low of $182.89 and a one year high of $243.06. The firm has a market capitalization of $63,121.97, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.48 and a beta of 1.36.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.66). FedEx 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 analyst estimates of $15.35 billion. During the same quarter in the previous year, the company posted $2.90 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. sell-side analysts predict that FedEx Co. will post 12.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.00 annualized dividend and a yield of 0.85%. FedEx’s payout ratio is currently 18.87%.

In other FedEx news, CEO Michael L. Ducker sold 14,964 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 53,397 shares in the company, valued at $12,059,712.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $6,709,780. The disclosure for this sale can be found here. Insiders have sold 40,094 shares of company stock worth $9,024,637 over the last 90 days. 8.45% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on FDX. Cowen reaffirmed a “buy” rating and issued a $240.00 target price on shares of FedEx in a report on Thursday, August 10th. Barclays reaffirmed an “overweight” rating and issued a $270.00 target price (up from $230.00) on shares of FedEx in a report on Thursday, November 30th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “buy” rating and issued a $229.00 target price on shares of FedEx in a report on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $221.00 target price (up from $216.00) on shares of FedEx in a report on Wednesday, September 20th. Finally, Wells Fargo & Company upped their target price on shares of FedEx from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $231.81.

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FedEx 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 (NYSE:FDX)

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