Carlton Hofferkamp & Jenks Wealth Management LLC lowered its position in shares of FedEx Corporation (NYSE:FDX) by 0.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,532 shares of the shipping service provider’s stock after selling 40 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in FedEx Corporation were worth $984,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FDX. Guardian Life Insurance Co. of America boosted its stake in FedEx Corporation by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 943 shares of the shipping service provider’s stock valued at $184,000 after buying an additional 9 shares in the last quarter. Brick & Kyle Associates boosted its stake in FedEx Corporation by 1.5% in the first quarter. Brick & Kyle Associates now owns 674 shares of the shipping service provider’s stock valued at $132,000 after buying an additional 10 shares in the last quarter. Park National Corp OH boosted its stake in FedEx Corporation by 0.9% in the second quarter. Park National Corp OH now owns 1,178 shares of the shipping service provider’s stock valued at $256,000 after buying an additional 10 shares in the last quarter. Alexandria Capital LLC boosted its stake in FedEx Corporation by 2.1% in the first quarter. Alexandria Capital LLC now owns 527 shares of the shipping service provider’s stock valued at $103,000 after buying an additional 11 shares in the last quarter. Finally, Argent Trust Co boosted its stake in FedEx Corporation by 0.3% in the first quarter. Argent Trust Co now owns 4,516 shares of the shipping service provider’s stock valued at $882,000 after buying an additional 12 shares in the last quarter. 75.86% of the stock is owned by institutional investors and hedge funds.

FedEx Corporation (FDX) traded up 0.95% on Wednesday, reaching $213.30. The company had a trading volume of 411,853 shares. The stock’s 50-day moving average price is $210.51 and its 200 day moving average price is $199.85. FedEx Corporation has a 52-week low of $158.20 and a 52-week high of $219.99. The firm has a market capitalization of $57.22 billion, a price-to-earnings ratio of 19.27 and a beta of 1.27.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.37. The company had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.56 billion. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The business’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the business posted $3.30 EPS. On average, equities analysts anticipate that FedEx Corporation will post $13.56 earnings per share for the current fiscal year.

The business also recently declared 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. The ex-dividend date is Friday, September 8th. This represents a $2.00 annualized dividend and a yield of 0.95%. FedEx Corporation’s dividend payout ratio is 18.08%.

COPYRIGHT VIOLATION NOTICE: “FedEx Corporation (FDX) Shares Sold by Carlton Hofferkamp & Jenks Wealth Management LLC” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/fedex-corporation-fdx-shares-sold-by-carlton-hofferkamp-jenks-wealth-management-llc/1532313.html.

Several research firms recently commented on FDX. Vetr raised FedEx Corporation from a “hold” rating to a “buy” rating and set a $195.86 price target for the company in a report on Wednesday, May 17th. 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 report on Wednesday, June 21st. Stephens set a $246.00 price target on FedEx Corporation and gave the company an “overweight” rating in a report on Wednesday, June 21st. Stifel Nicolaus reissued a “neutral” rating on shares of FedEx Corporation in a research note on Wednesday, August 16th. Finally, Zacks Investment Research raised FedEx Corporation from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the stock. FedEx Corporation presently has a consensus rating of “Buy” and an average price target of $221.78.

In other FedEx Corporation news, EVP Robert B. Carter sold 24,522 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $210.96, for a total value of $5,173,161.12. Following the sale, the executive vice president now directly owns 68,556 shares in the company, valued at approximately $14,462,573.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John L. Merino sold 7,200 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $211.26, for a total transaction of $1,521,072.00. Following the completion of the sale, the vice president now owns 33,908 shares in the company, valued at $7,163,404.08. The disclosure for this sale can be found here. Insiders sold a total of 77,757 shares of company stock worth $16,447,426 over the last 90 days. Company insiders own 8.45% of the company’s stock.

About FedEx Corporation

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)

Receive News & Ratings for FedEx Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.