Stifel Financial Corp raised its holdings in shares of FedEx Co. (NYSE:FDX) by 14.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,478 shares of the shipping service provider’s stock after purchasing an additional 32,886 shares during the quarter. Stifel Financial Corp owned 0.10% of FedEx worth $59,896,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of FedEx by 2.7% in the 2nd 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. grew its stake in shares of FedEx by 1,912.1% in the 1st 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 grew its stake in shares of FedEx by 0.3% in the 2nd 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. grew its stake in shares of FedEx by 7.3% in the 3rd 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 grew its stake in shares of FedEx by 16.1% in the 2nd 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 and hedge funds own 75.73% of the company’s stock.

Several analysts have recently issued reports on FDX shares. Vetr lowered shares of FedEx to a “sell” rating and set a $204.84 target price for the company. 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 reiterated a “buy” rating and issued a $245.00 target price on shares of FedEx in a research note on Wednesday, September 6th. Bank of America restated a “buy” rating and set a $247.00 price target (up previously from $240.00) on shares of FedEx in a research report on Friday, October 6th. Finally, Citigroup restated a “buy” rating and set a $235.00 price target on shares of FedEx in a research report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $235.21.

In other FedEx news, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the sale, the executive vice president now directly owns 30,499 shares of the company’s stock, valued at $6,709,780. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 sale, 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. Over the last ninety days, insiders have sold 40,094 shares of company stock worth $9,024,637. Insiders own 8.45% of the company’s stock.

Shares of FedEx Co. (NYSE FDX) opened at $240.05 on Friday. The company has a market cap of $64,368.93, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. FedEx Co. has a fifty-two week low of $182.89 and a fifty-two week high of $243.48. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, December 8th. FedEx’s dividend payout ratio (DPR) is presently 18.87%.

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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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