Benjamin F. Edwards & Company Inc. lessened its holdings in shares of FedEx Corporation (NYSE:FDX) by 17.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,262 shares of the shipping service provider’s stock after selling 266 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in FedEx Corporation were worth $285,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Salem Investment Counselors Inc. boosted its position in shares of FedEx Corporation by 2.8% during the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after buying an additional 13 shares during the period. Cribstone Capital Management LLC boosted its position in shares of FedEx Corporation by 1.2% during the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after buying an additional 6 shares during the period. Krilogy Financial LLC boosted its position in shares of FedEx Corporation by 0.4% during the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after buying an additional 2 shares during the period. FNY Managed Accounts LLC purchased a new position in shares of FedEx Corporation during the first quarter valued at approximately $100,000. Finally, Alexandria Capital LLC boosted its position in shares of FedEx Corporation by 2.5% during the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after buying an additional 13 shares during the period. Institutional investors and hedge funds own 76.07% of the company’s stock.

Several analysts have recently weighed in on the stock. Vetr downgraded shares of FedEx Corporation to a “sell” rating and set a $204.84 price target for the company. in a research note on Thursday, August 31st. J P Morgan Chase & Co lifted their price target on shares of FedEx Corporation from $237.00 to $264.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $233.00 price target (down previously from $242.00) on shares of FedEx Corporation in a research note on Friday, September 15th. Robert W. Baird reaffirmed a “buy” rating and set a $235.00 price target on shares of FedEx Corporation in a research note on Tuesday, September 12th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $240.00 price target on shares of FedEx Corporation in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $230.21.

In other FedEx Corporation news, CEO Michael L. Ducker sold 14,964 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $225.85, for a total value of $3,379,619.40. Following 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 filing with the SEC, which is available through the SEC website. Also, Director Kim Jabal sold 3,980 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. Following the completion of the sale, the director now directly owns 6,080 shares in the company, valued at $1,371,344. The disclosure for this sale can be found here. Insiders have sold 40,094 shares of company stock worth $9,024,637 over the last three months. Corporate insiders own 8.45% of the company’s stock.

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Shares of FedEx Corporation (NYSE FDX) opened at $217.25 on Tuesday. The firm has a market cap of $57,920.00, a price-to-earnings ratio of 18.14, a PEG ratio of 1.36 and a beta of 1.37. 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 Corporation has a 1-year low of $182.89 and a 1-year high of $231.35.

FedEx Corporation (NYSE:FDX) last announced its quarterly earnings data 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 analysts’ expectations of $15.35 billion. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. FedEx Corporation’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $2.90 earnings per share. analysts predict that FedEx Corporation 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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, December 8th. FedEx Corporation’s dividend payout ratio (DPR) is presently 18.83%.

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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