Mn Services Vermogensbeheer B.V. Purchases 34,932 Shares of FedEx Corporation (FDX)

Mn Services Vermogensbeheer B.V. raised its position in shares of FedEx Corporation (NYSE:FDX) by 516.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,690 shares of the shipping service provider’s stock after purchasing an additional 34,932 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in FedEx Corporation were worth $9,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of FedEx Corporation by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 17,997,225 shares of the shipping service provider’s stock worth $3,512,158,000 after purchasing an additional 918,896 shares in the last quarter. BlackRock Inc. raised its stake in shares of FedEx Corporation by 1,912.1% during the 1st quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock worth $2,892,768,000 after purchasing an additional 14,086,601 shares in the last quarter. Jennison Associates LLC raised its stake in shares of FedEx Corporation by 5.4% during the 1st quarter. Jennison Associates LLC now owns 3,429,971 shares of the shipping service provider’s stock worth $669,359,000 after purchasing an additional 175,777 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of FedEx Corporation by 8.4% during the 1st quarter. Geode Capital Management LLC now owns 2,236,044 shares of the shipping service provider’s stock worth $435,698,000 after purchasing an additional 173,544 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of FedEx Corporation by 28.8% during the 1st quarter. TIAA CREF Investment Management LLC now owns 1,396,492 shares of the shipping service provider’s stock worth $272,525,000 after purchasing an additional 312,272 shares in the last quarter. 75.86% of the stock is owned by institutional investors.

Shares of FedEx Corporation (NYSE:FDX) traded down 1.26% during mid-day trading on Friday, hitting $210.48. The stock had a trading volume of 1,600,975 shares. The stock has a market capitalization of $56.46 billion, a P/E ratio of 19.01 and a beta of 1.28. The stock has a 50 day moving average of $209.41 and a 200-day moving average of $201.21. FedEx Corporation has a 52 week low of $158.20 and a 52 week high of $219.99.

FedEx Corporation (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.88 by $0.37. The business had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.56 billion. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.30 earnings per share. On average, equities research analysts predict that FedEx Corporation will post $13.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, September 8th. FedEx Corporation’s dividend payout ratio is currently 18.08%.

In related news, CEO David L. Cunningham, Jr. sold 17,565 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $211.00, for a total transaction of $3,706,215.00. Following the sale, the chief executive officer now owns 29,148 shares of the company’s stock, valued at $6,150,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Edwardson sold 2,208 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $208.14, for a total value of $459,573.12. Following the sale, the director now directly owns 30,608 shares in the company, valued at approximately $6,370,749.12. The disclosure for this sale can be found here. Insiders have sold 77,757 shares of company stock worth $16,447,426 in the last three months. 8.45% of the stock is currently owned by company insiders.

A number of research firms have recently weighed in on FDX. Cowen and Company reaffirmed a “buy” rating and set a $240.00 price target on shares of FedEx Corporation in a research note on Tuesday, July 11th. Loop Capital reaffirmed a “buy” rating and set a $234.00 price target on shares of FedEx Corporation in a research note on Tuesday, July 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $220.00 price target on shares of FedEx Corporation in a research note on Monday, July 3rd. Vetr downgraded FedEx Corporation from a “hold” rating to a “sell” rating and set a $206.26 price target for the company. in a research note on Monday, June 26th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $245.00 price target on shares of FedEx Corporation in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company. FedEx Corporation currently has a consensus rating of “Buy” and a consensus target price of $221.72.

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FedEx Corporation 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 Corporation (NYSE:FDX)

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