Wimmer Associates 1 LLC lessened its holdings in FedEx Co. (NYSE:FDX) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,172 shares of the shipping service provider’s stock after selling 719 shares during the period. FedEx comprises approximately 1.7% of Wimmer Associates 1 LLC’s portfolio, making the stock its 21st biggest position. Wimmer Associates 1 LLC’s holdings in FedEx were worth $1,843,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FDX. Krilogy Financial LLC lifted its position in shares of FedEx by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock worth $111,000 after buying an additional 2 shares during the last quarter. Alexandria Capital LLC lifted its position in shares of FedEx by 2.5% in the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after buying an additional 13 shares during the last quarter. Salem Investment Counselors Inc. lifted its position in shares of FedEx by 2.8% in the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after buying an additional 13 shares during the last quarter. IHT Wealth Management LLC lifted its position in shares of FedEx by 0.7% in the first quarter. IHT Wealth Management LLC now owns 2,244 shares of the shipping service provider’s stock worth $440,000 after buying an additional 15 shares during the last quarter. Finally, RNC Capital Management LLC lifted its position in shares of FedEx by 0.8% in the second quarter. RNC Capital Management LLC now owns 1,996 shares of the shipping service provider’s stock worth $434,000 after buying an additional 15 shares during the last quarter. 75.60% of the stock is owned by institutional investors and hedge funds.

FDX has been the subject of a number of analyst reports. Vetr cut FedEx to a “sell” rating and set a $204.84 price target for the company. in a research report on Thursday, August 31st. Zacks Investment Research cut FedEx from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. BMO Capital Markets reiterated a “buy” rating and issued a $245.00 price objective on shares of FedEx in a research note on Wednesday, September 6th. Bank of America reiterated a “buy” rating and issued a $247.00 price objective (up from $240.00) on shares of FedEx in a research note on Friday, October 6th. Finally, Citigroup reiterated a “buy” rating and issued a $235.00 price objective on shares of FedEx in a research note on Thursday, September 14th. 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’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $239.21.

FedEx Co. (FDX) opened at $242.54 on Wednesday. FedEx Co. has a 12 month low of $182.89 and a 12 month high of $243.75. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.57 and a current ratio of 1.63. The stock has a market capitalization of $64,867.61, a PE ratio of 20.31, a P/E/G ratio of 1.52 and a beta of 1.36.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.29. FedEx had a return on equity of 20.69% and a net margin of 4.72%. The firm had revenue of $16.30 billion for the quarter, compared to analyst estimates of $15.67 billion. During the same period in the previous year, the company posted $2.80 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. equities analysts anticipate that FedEx Co. will post 12.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. FedEx’s dividend payout ratio is currently 18.87%.

In other news, Director Kim Jabal sold 3,980 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total value of $897,689.00. Following the sale, the director now directly owns 6,080 shares in the company, valued at approximately $1,371,344. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael L. Ducker sold 14,964 shares of the business’s 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 in the company, valued at $12,059,712.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,094 shares of company stock worth $9,024,637. Corporate insiders own 8.45% of the company’s stock.

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About FedEx

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 (NYSE:FDX)

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