2,729 Shares in FedEx Corporation $FDX Acquired by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH purchased a new stake in FedEx Corporation (NYSE:FDXFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,729 shares of the shipping service provider’s stock, valued at approximately $855,000.

Other hedge funds have also recently bought and sold shares of the company. Capstone Investment Advisors LLC acquired a new stake in shares of FedEx in the 2nd quarter valued at $2,586,000. Parvin Asset Management LLC bought a new stake in shares of FedEx in the 2nd quarter worth about $99,000. Proficio Capital Partners LLC acquired a new stake in shares of FedEx during the 2nd quarter worth about $1,076,000. Pure Financial Advisors LLC acquired a new stake in shares of FedEx during the 2nd quarter worth about $866,000. Finally, Transamerica Financial Advisors LLC bought a new position in FedEx during the 2nd quarter valued at about $506,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Seaport Research Partners assumed coverage on shares of FedEx in a research report on Wednesday, May 27th. They issued a “buy” rating on the stock. Stephens raised shares of FedEx to a “strong-buy” rating in a report on Wednesday, July 8th. Sanford C. Bernstein set a $397.00 target price on shares of FedEx in a research note on Wednesday, June 24th. Barclays reduced their target price on FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a report on Wednesday, June 17th. Finally, Citigroup initiated coverage on FedEx in a report on Wednesday, July 15th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $350.54.

View Our Latest Research Report on FedEx

Insider Buying and Selling

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the transaction, the director directly owned 16,359 shares in the company, valued at approximately $5,309,477.04. This trade represents a 23.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

FedEx Trading Down 0.1%

FDX opened at $331.10 on Friday. FedEx Corporation has a 1-year low of $177.05 and a 1-year high of $345.36. The stock has a market capitalization of $78.36 billion, a PE ratio of 17.89, a PEG ratio of 1.71 and a beta of 1.30. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $319.32 and a two-hundred day moving average price of $350.71.

FedEx (NYSE:FDXGet Free Report) last announced its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The company had revenue of $23.26 billion for the quarter. As a group, equities analysts anticipate that FedEx Corporation will post 17.6 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $4.88 annualized dividend and a yield of 1.5%. FedEx’s dividend payout ratio is currently 26.36%.

About FedEx

(Free Report)

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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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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