First Trust Advisors LP grew its position in FedEx Corporation (NYSE:FDX) by 30.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,743 shares of the shipping service provider’s stock after buying an additional 41,333 shares during the quarter. First Trust Advisors LP owned approximately 0.07% of FedEx Corporation worth $40,321,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of FedEx Corporation by 2.7% in the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock worth $4,018,446,000 after purchasing an additional 492,840 shares in the last quarter. BlackRock Inc. lifted its position in shares of FedEx Corporation by 1,912.1% in the first 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. FMR LLC lifted its position in shares of FedEx Corporation by 0.3% in the second quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock worth $984,539,000 after purchasing an additional 15,382 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of FedEx Corporation by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 3,659,103 shares of the shipping service provider’s stock worth $795,260,000 after purchasing an additional 13,383 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of FedEx Corporation by 16.1% in the second quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock worth $785,626,000 after purchasing an additional 501,617 shares in the last quarter. Institutional investors own 76.07% of the company’s stock.
A number of analysts have recently issued reports on the stock. Sanford C. Bernstein set a $212.00 price target on shares of FedEx Corporation and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of FedEx Corporation in a research report on Monday, November 13th. They issued a “buy” rating and a $270.00 price target for the company. Zacks Investment Research raised shares of FedEx Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $236.00 price target on shares of FedEx Corporation in a research report on Friday, October 20th. Finally, Cowen and Company reissued an “outperform” rating and issued a $240.00 price target on shares of FedEx Corporation in a research report on Friday, October 13th. One equities research 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 stock. FedEx Corporation presently has a consensus rating of “Buy” and an average price target of $230.21.
Shares of FedEx Corporation (NYSE FDX) opened at $217.25 on Tuesday. The stock has a market cap of $57,920.00, a price-to-earnings ratio of 18.14, a PEG ratio of 1.36 and a beta of 1.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.63 and a quick ratio of 1.57. FedEx Corporation has a 52 week low of $182.89 and a 52 week high of $231.35.
FedEx Corporation (NYSE:FDX) last announced its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.66). The company had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.90 EPS. research analysts expect that FedEx Corporation will post 12.47 EPS for the current year.
The business also recently disclosed 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 of this dividend is Friday, December 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.92%. FedEx Corporation’s payout ratio is 18.83%.
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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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