Dowling & Yahnke LLC trimmed its holdings in shares of FedEx Co. (NYSE:FDX) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,711 shares of the shipping service provider’s stock after selling 246 shares during the quarter. Dowling & Yahnke LLC’s holdings in FedEx were worth $3,770,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Salem Investment Counselors Inc. increased its holdings in FedEx by 2.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after buying an additional 13 shares during the period. Krilogy Financial LLC increased its holdings in FedEx by 0.4% in the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after buying an additional 2 shares during the period. FNY Managed Accounts LLC bought a new position in FedEx in the 1st quarter valued at about $100,000. Alexandria Capital LLC increased its holdings in FedEx by 2.5% in the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after buying an additional 13 shares during the period. Finally, Financial Engines Advisors L.L.C. bought a new position in FedEx in the 3rd quarter valued at about $132,000. 75.74% of the stock is currently owned by institutional investors and hedge funds.
FDX has been the topic of several research reports. Wells Fargo & Company lifted their price target on shares of FedEx from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, September 21st. Credit Suisse Group reiterated an “outperform” rating and set a $233.00 target price (down from $242.00) on shares of FedEx in a research report on Friday, September 15th. Bank of America reiterated a “buy” rating and set a $247.00 target price (up from $240.00) on shares of FedEx in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of FedEx from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. Finally, Oppenheimer reiterated a “buy” rating and set a $229.00 target price on shares of FedEx in a research report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $231.81.
Shares of FedEx Co. (NYSE FDX) opened at $240.73 on Friday. The company has a market cap of $64,167.75, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.57 and a current ratio of 1.63. FedEx Co. has a one year low of $182.89 and a one year high of $243.06.
FedEx (NYSE:FDX) last posted its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). FedEx had a return on equity of 20.69% and a net margin of 4.72%. The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. During the same quarter in the previous year, the company earned $2.90 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. equities research analysts forecast that FedEx Co. 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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, December 8th. FedEx’s dividend payout ratio (DPR) is currently 18.87%.
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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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