Axa raised its stake in FedEx Corporation (NYSE:FDX) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,459 shares of the shipping service provider’s stock after purchasing an additional 1,599 shares during the period. Axa’s holdings in FedEx Corporation were worth $16,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its position in FedEx Corporation by 163.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock valued at $105,000 after purchasing an additional 300 shares in the last quarter. Cribstone Capital Management LLC raised its position in FedEx Corporation by 1.2% in the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after purchasing an additional 6 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in FedEx Corporation in the 1st quarter valued at about $100,000. Alexandria Capital LLC raised its position in FedEx Corporation 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 purchasing an additional 13 shares in the last quarter. Finally, Hefty Wealth Partners raised its position in FedEx Corporation by 26.0% in the 2nd quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock valued at $136,000 after purchasing an additional 130 shares in the last quarter. 75.88% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on the company. Stephens set a $246.00 price target on FedEx Corporation and gave the company an “overweight” rating in a research report on Wednesday, June 21st. UBS AG reaffirmed a “buy” rating and issued a $235.00 price target (up previously from $215.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. Stifel Nicolaus reaffirmed a “neutral” rating on shares of FedEx Corporation in a research report on Wednesday, August 16th. Wells Fargo & Company increased their price target on FedEx Corporation from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, September 21st. Finally, Loop Capital reaffirmed a “buy” rating and issued a $234.00 price target on shares of FedEx Corporation in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the stock. FedEx Corporation has a consensus rating of “Buy” and a consensus target price of $228.26.

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FedEx Corporation (NYSE FDX) opened at 220.10 on Wednesday. FedEx Corporation has a 52 week low of $168.00 and a 52 week high of $227.00. The firm has a 50 day moving average price of $217.90 and a 200 day moving average price of $206.26. The stock has a market capitalization of $59.02 billion, a P/E ratio of 20.75 and a beta of 1.31.

FedEx Corporation (NYSE:FDX) last announced its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). The company had revenue of $15.30 billion for 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 firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 earnings per share. Equities research analysts predict that FedEx Corporation will post $12.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, September 8th. FedEx Corporation’s payout ratio is 18.87%.

In related news, CEO Michael L. Ducker sold 14,964 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. Following the completion of the transaction, the chief executive officer now directly owns 53,397 shares of the company’s stock, valued at approximately $12,059,712.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Donald F. Colleran sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 30,499 shares of the company’s stock, valued at $6,709,780. The disclosure for this sale can be found here. Insiders have sold a total of 27,172 shares of company stock worth $6,039,193 over the last quarter. Insiders own 8.45% of the company’s stock.

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.

Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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