Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of FedEx Corporation (NYSE:FDX – Free Report) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 187,621 shares of the shipping service provider’s stock after buying an additional 10,750 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of FedEx worth $44,243,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Grey Fox Wealth Advisors LLC bought a new stake in FedEx during the third quarter worth about $27,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of FedEx during the 2nd quarter valued at about $28,000. NewSquare Capital LLC raised its holdings in shares of FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. City Holding Co. lifted its position in FedEx by 167.0% in the 3rd quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after buying an additional 167 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in FedEx in the 3rd quarter worth approximately $71,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.
FedEx Stock Performance
Shares of NYSE:FDX opened at $306.92 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $287.05 and a 200-day moving average price of $253.44. The company has a market cap of $72.16 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.51 and a beta of 1.35. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $318.83.
FedEx Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 1.9%. FedEx’s dividend payout ratio (DPR) is presently 31.97%.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Truist Financial lifted their price target on shares of FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. HSBC lifted their target price on shares of FedEx from $235.00 to $285.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Wells Fargo & Company upped their price target on shares of FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a research report on Friday, December 19th. Argus raised their price objective on FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Evercore ISI boosted their target price on FedEx from $275.00 to $288.00 in a research note on Friday, December 19th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $303.86.
Check Out Our Latest Research Report on FDX
FedEx Profile
FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.
FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.
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