Peregrine Asset Advisers Inc. cut its position in shares of FedEx Co. (NYSE:FDX) by 97.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 953 shares of the shipping service provider’s stock after selling 39,635 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in FedEx were worth $215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDX. Vanguard Group Inc. boosted its stake in FedEx by 2.7% during the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock worth $4,018,446,000 after acquiring an additional 492,840 shares in the last quarter. BlackRock Inc. boosted its stake in FedEx by 1,912.1% during the first quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock worth $2,892,768,000 after acquiring an additional 14,086,601 shares in the last quarter. FMR LLC boosted its stake in FedEx by 0.3% during the second quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock worth $984,539,000 after acquiring an additional 15,382 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in FedEx by 7.3% during the third quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock worth $885,594,000 after acquiring an additional 266,660 shares in the last quarter. Finally, Capital World Investors boosted its stake in FedEx by 16.1% during the second quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock worth $785,626,000 after acquiring an additional 501,617 shares in the last quarter. Institutional investors own 75.73% of the company’s stock.

Shares of FedEx Co. (NYSE FDX) opened at $240.73 on Monday. FedEx Co. has a 1-year low of $182.89 and a 1-year high of $243.06. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91. The stock has a market cap of $64,551.20, a PE ratio of 20.21, a P/E/G ratio of 1.51 and a beta of 1.36.

FedEx (NYSE:FDX) last posted 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). The business had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.35 billion. FedEx had a return on equity of 20.69% and a net margin of 4.72%. FedEx’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.90 EPS. analysts forecast that FedEx Co. will post 12.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be paid a $0.50 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.83%. FedEx’s payout ratio is 18.87%.

In other news, insider Henry J. Maier sold 11,150 shares of FedEx stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $228.46, for a total value of $2,547,329.00. Following the completion of the transaction, the insider now owns 36,747 shares in the company, valued at $8,395,219.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kim Jabal sold 3,980 shares of FedEx stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total transaction of $897,689.00. Following the completion of the transaction, the director now owns 6,080 shares of the company’s stock, valued at approximately $1,371,344. The disclosure for this sale can be found here. Insiders sold 40,094 shares of company stock valued at $9,024,637 in the last quarter. Corporate insiders own 8.45% of the company’s stock.

FDX has been the topic of a number of recent research reports. Vetr lowered shares of FedEx to a “sell” rating and set a $204.84 price objective on the stock. in a research note on Thursday, August 31st. Zacks Investment Research lowered shares of FedEx from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $245.00 price objective on shares of FedEx in a research note on Wednesday, September 6th. Bank of America reaffirmed a “buy” rating and issued a $247.00 price objective (up from $240.00) on shares of FedEx in a research note on Friday, October 6th. Finally, Citigroup reaffirmed a “buy” rating and issued a $235.00 price objective on shares of FedEx in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $231.81.

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About FedEx

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 (NYSE:FDX)

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