FedEx Co. (FDX) Holdings Cut by Impala Asset Management LLC

Impala Asset Management LLC reduced its stake in shares of FedEx Co. (NYSE:FDX) by 17.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,764 shares of the shipping service provider’s stock after selling 34,027 shares during the quarter. FedEx accounts for 1.6% of Impala Asset Management LLC’s portfolio, making the stock its 22nd largest position. Impala Asset Management LLC owned about 0.06% of FedEx worth $36,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Strategic Advisors LLC increased its stake in shares of FedEx by 16.7% in the second quarter. Strategic Advisors LLC now owns 2,138 shares of the shipping service provider’s stock valued at $465,000 after buying an additional 306 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of FedEx in the second quarter valued at $435,000. Stevens Capital Management LP increased its stake in shares of FedEx by 60.6% in the second quarter. Stevens Capital Management LP now owns 39,340 shares of the shipping service provider’s stock valued at $8,550,000 after buying an additional 14,845 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of FedEx by 2.7% in the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after buying an additional 492,840 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of FedEx by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 53,299 shares of the shipping service provider’s stock valued at $11,584,000 after buying an additional 707 shares in the last quarter. Institutional investors own 75.73% of the company’s stock.

A number of analysts have recently weighed in on FDX shares. Citigroup restated a “buy” rating and issued a $235.00 target price on shares of FedEx in a research note on Thursday, September 14th. Robert W. Baird reiterated a “buy” rating and issued a $235.00 price target on shares of FedEx in a report on Tuesday, September 12th. Cowen reiterated a “buy” rating and issued a $240.00 price target on shares of FedEx in a report on Tuesday, September 12th. BMO Capital Markets reiterated a “buy” rating and issued a $245.00 price target on shares of FedEx in a report on Wednesday, September 6th. Finally, Loop Capital reiterated a “buy” rating and issued a $260.00 price target (up previously from $250.00) on shares of FedEx in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have given a buy rating to the company. FedEx presently has an average rating of “Buy” and an average price target of $235.21.

FedEx Co. (NYSE FDX) opened at $240.05 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91. FedEx Co. has a 1-year low of $182.89 and a 1-year high of $243.48. The stock has a market capitalization of $64,368.93, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. During the same quarter last year, the business posted $2.90 EPS. FedEx’s quarterly revenue was up 4.1% on a year-over-year basis. sell-side analysts expect that FedEx Co. will post 12.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, December 8th. FedEx’s dividend payout ratio (DPR) is currently 18.87%.

In other FedEx news, Director Kim Jabal sold 3,980 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total transaction of $897,689.00. Following the transaction, the director now owns 6,080 shares in the company, valued at $1,371,344. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Donald F. Colleran sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the transaction, the executive vice president now owns 30,499 shares in the company, valued at approximately $6,709,780. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,094 shares of company stock worth $9,024,637. Company insiders own 8.45% of the company’s stock.

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FedEx 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 (NYSE:FDX)

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