Columbus Circle Investors decreased its position in FedEx Corporation (NYSE:FDX) by 11.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 372,973 shares of the shipping service provider’s stock after selling 48,507 shares during the period. FedEx Corporation comprises 1.3% of Columbus Circle Investors’ portfolio, making the stock its 20th biggest position. Columbus Circle Investors owned about 0.14% of FedEx Corporation worth $81,058,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. lifted its stake 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 acquiring an additional 300 shares in the last quarter. Cribstone Capital Management LLC lifted its stake 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 acquiring an additional 6 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in FedEx Corporation in the 1st quarter valued at approximately $100,000. Alexandria Capital LLC lifted its stake 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 acquiring an additional 13 shares in the last quarter. Finally, Hefty Wealth Partners lifted its stake 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 acquiring an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

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FDX has been the topic of several research reports. ValuEngine upgraded FedEx Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. UBS AG restated a “buy” rating and issued a $235.00 target price (up previously from $215.00) on shares of FedEx Corporation in a research note on Wednesday, June 21st. Deutsche Bank AG set a $235.00 target price on FedEx Corporation and gave the company a “buy” rating in a research note on Wednesday, June 21st. Bank of America Corporation reaffirmed a “buy” rating and set a $240.00 price target (up previously from $230.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. Finally, Loop Capital reaffirmed a “buy” rating and set a $234.00 price target on shares of FedEx Corporation in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the stock. FedEx Corporation has a consensus rating of “Buy” and a consensus target price of $225.26.

In other FedEx Corporation news, CEO Michael L. Ducker sold 14,964 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 53,397 shares of the company’s stock, valued at $12,059,712.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Donald F. Colleran sold 10,000 shares of the firm’s stock in a transaction 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 sale, 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 sold 27,172 shares of company stock valued at $6,039,193 over the last three months. Company insiders own 8.45% of the company’s stock.

FedEx Corporation (NYSE:FDX) opened at 225.58 on Friday. FedEx Corporation has a one year low of $168.00 and a one year high of $226.34. The firm has a 50-day moving average price of $210.17 and a 200-day moving average price of $202.36. The firm has a market capitalization of $60.49 billion, a price-to-earnings ratio of 21.27 and a beta of 1.28.

FedEx Corporation (NYSE:FDX) last released 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 Corporation 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 analysts’ expectations of $15.35 billion. During the same period in the prior year, the business earned $2.90 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts expect that FedEx Corporation will post $12.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, September 8th. FedEx Corporation’s dividend payout ratio is currently 18.87%.

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.

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

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