Cornerstone Capital Management Holdings LLC. increased its holdings in FedEx Co. (NYSE:FDX) by 38.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,809 shares of the shipping service provider’s stock after purchasing an additional 22,530 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in FedEx were worth $18,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. FNY Managed Accounts LLC purchased a new position in shares of FedEx in the first quarter valued at about $100,000. Salem Investment Counselors Inc. increased its position in shares of FedEx by 2.8% in the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after acquiring an additional 13 shares during the period. Krilogy Financial LLC increased its position in shares of FedEx by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after acquiring an additional 2 shares during the period. Alexandria Capital LLC increased its position in shares of FedEx by 2.5% in the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after acquiring an additional 13 shares during the period. Finally, Financial Engines Advisors L.L.C. purchased a new position in shares of FedEx in the third quarter valued at about $132,000. Institutional investors own 75.60% of the company’s stock.

FDX has been the topic of a number of analyst reports. Vetr cut shares of FedEx to a “sell” rating and set a $204.84 price objective on the stock. in a research report on Thursday, August 31st. BMO Capital Markets restated a “buy” rating and issued a $245.00 price objective on shares of FedEx in a research report on Wednesday, September 6th. Cowen restated a “buy” rating and issued a $240.00 price objective on shares of FedEx in a research report on Tuesday, September 12th. Robert W. Baird reiterated a “buy” rating and set a $235.00 price target on shares of FedEx in a research report on Tuesday, September 12th. Finally, Citigroup reiterated a “buy” rating and set a $235.00 price target on shares of FedEx in a research report on Thursday, September 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $248.01.

In other news, Director Kim Jabal sold 3,980 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total value of $897,689.00. Following the transaction, the director now owns 6,080 shares in the company, valued at $1,371,344. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Henry J. Maier sold 11,150 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the completion of the transaction, the insider now owns 36,747 shares in the company, valued at approximately $8,395,219.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,094 shares of company stock worth $6,824,637. Insiders own 8.45% of the company’s stock.

FedEx Co. (NYSE FDX) opened at $251.07 on Thursday. The stock has a market cap of $65,036.54, a P/E ratio of 19.74, a PEG ratio of 1.53 and a beta of 1.36. FedEx Co. has a 52 week low of $182.89 and a 52 week high of $253.24. 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 (NYSE:FDX) last issued its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.29. The firm had revenue of $16.30 billion for the quarter, compared to the consensus estimate of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.91%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.80 earnings per share. research analysts forecast that FedEx Co. will post 12.47 EPS for the current year.

The company 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 0.80%. FedEx’s dividend payout ratio is presently 18.43%.

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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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