Strs Ohio Sells 5,059 Shares of FedEx Corporation (FDX)

Strs Ohio decreased its holdings in FedEx Corporation (NYSE:FDX) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 180,577 shares of the shipping service provider’s stock after selling 5,059 shares during the period. Strs Ohio owned approximately 0.07% of FedEx Corporation worth $40,734,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Krilogy Financial LLC increased its holdings in shares of FedEx Corporation by 0.4% during the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock worth $111,000 after buying an additional 2 shares during the last quarter. Cribstone Capital Management LLC increased its holdings in shares of FedEx Corporation by 1.2% during the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after buying an additional 6 shares during the last quarter. Guardian Life Insurance Co. of America increased its holdings in shares of FedEx Corporation by 1.0% during the 1st quarter. Guardian Life Insurance Co. of America now owns 943 shares of the shipping service provider’s stock worth $184,000 after buying an additional 9 shares during the last quarter. Park National Corp OH increased its holdings in shares of FedEx Corporation by 0.9% during the 2nd quarter. Park National Corp OH now owns 1,178 shares of the shipping service provider’s stock worth $256,000 after buying an additional 10 shares during the last quarter. Finally, Alexandria Capital LLC increased its holdings in shares of FedEx Corporation by 2.5% during the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after buying an additional 13 shares during the last quarter. Institutional investors own 76.07% of the company’s stock.

Shares of FedEx Corporation (FDX) opened at $216.00 on Monday. FedEx Corporation has a one year low of $182.89 and a one year high of $231.35. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.57 and a current ratio of 1.63. The company has a market cap of $57,919.91, a price-to-earnings ratio of 18.14, a P/E/G ratio of 1.36 and a beta of 1.37.

FedEx Corporation (NYSE:FDX) last announced its quarterly earnings results 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). FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.35 billion. During the same quarter in the prior year, the business earned $2.90 earnings per share. FedEx Corporation’s revenue was up 4.1% compared to the same quarter last year. analysts predict that FedEx Corporation will post 12.47 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.93%. FedEx Corporation’s dividend payout ratio is currently 18.87%.

A number of analysts have recently issued reports on FDX shares. Vetr downgraded shares of FedEx Corporation to a “sell” rating and set a $204.84 price target for the company. in a report on Thursday, August 31st. J P Morgan Chase & Co raised their price target on shares of FedEx Corporation from $237.00 to $264.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $233.00 price objective (down previously from $242.00) on shares of FedEx Corporation in a research report on Friday, September 15th. Robert W. Baird reaffirmed a “buy” rating and set a $235.00 price objective on shares of FedEx Corporation in a research report on Tuesday, September 12th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $240.00 price objective on shares of FedEx Corporation in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $230.21.

In related news, Director Kim Jabal sold 3,980 shares of FedEx Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. Following the sale, the director now directly owns 6,080 shares in the company, valued at approximately $1,371,344. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Donald F. Colleran sold 10,000 shares of FedEx Corporation stock in a transaction on Thursday, September 21st. The stock was 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 owns 30,499 shares in the company, valued at $6,709,780. The disclosure for this sale can be found here. Insiders have sold a total of 40,094 shares of company stock worth $9,024,637 over the last quarter. 8.45% of the stock is owned by company insiders.

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FedEx Corporation 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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