GAM Holding AG decreased its holdings in FedEx Co. (NYSE:FDX) by 19.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,871 shares of the shipping service provider’s stock after selling 1,450 shares during the quarter. GAM Holding AG’s holdings in FedEx were worth $1,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in FedEx in the second quarter worth $171,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in FedEx by 5,829.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,423 shares of the shipping service provider’s stock worth $323,000 after purchasing an additional 1,399 shares during the last quarter. Wellington Shields Capital Management LLC lifted its stake in FedEx by 65.0% in the second quarter. Wellington Shields Capital Management LLC now owns 6,065 shares of the shipping service provider’s stock worth $1,377,000 after purchasing an additional 2,390 shares during the last quarter. Keeler Thomas Management LLC lifted its stake in FedEx by 50.0% in the second quarter. Keeler Thomas Management LLC now owns 2,700 shares of the shipping service provider’s stock worth $613,000 after purchasing an additional 900 shares during the last quarter. Finally, HC Financial Advisors Inc. bought a new stake in FedEx in the second quarter worth $1,787,000. Institutional investors own 72.11% of the company’s stock.

In related news, Director John A. Edwardson sold 1,160 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $242.35, for a total value of $281,126.00. Following the completion of the transaction, the director now directly owns 32,800 shares of the company’s stock, valued at $7,949,080. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan Patricia Griffith purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 17th. The stock was bought at an average cost of $225.16 per share, with a total value of $225,160.00. The disclosure for this purchase can be found here. 8.45% of the stock is owned by corporate insiders.

FDX has been the subject of several recent research reports. Morgan Stanley reissued a “hold” rating and issued a $242.00 price target (down from $245.00) on shares of FedEx in a research note on Tuesday, September 18th. Berenberg Bank initiated coverage on shares of FedEx in a research note on Friday, September 21st. They set a “buy” rating and a $300.00 price objective for the company. Zacks Investment Research downgraded shares of FedEx from a “hold” rating to a “sell” rating in a research note on Tuesday, August 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $305.00 price objective on shares of FedEx in a research note on Tuesday, September 18th. Finally, Credit Suisse Group set a $307.00 price objective on shares of FedEx and gave the company a “buy” rating in a research note on Tuesday, September 18th. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $285.85.

FDX stock opened at $215.06 on Friday. FedEx Co. has a 1 year low of $207.90 and a 1 year high of $274.66. The stock has a market capitalization of $56.79 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.97 and a beta of 1.35. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.79.

FedEx (NYSE:FDX) last released its quarterly earnings results on Monday, September 17th. The shipping service provider reported $3.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.78 by ($0.32). FedEx had a return on equity of 23.71% and a net margin of 7.16%. The company had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.88 billion. During the same period in the previous year, the company earned $2.65 earnings per share. FedEx’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts anticipate that FedEx Co. will post 17.36 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 10th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, December 7th. FedEx’s payout ratio is currently 16.98%.

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FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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