Farmers & Merchants Investments Inc. lowered its stake in shares of FedEx Corporation (NYSE:FDX) by 9.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,532 shares of the shipping service provider’s stock after selling 1,968 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in FedEx Corporation were worth $4,406,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FDX. Krilogy Financial LLC boosted its stake in shares of FedEx Corporation by 0.4% in the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after purchasing an additional 2 shares during the last quarter. Cribstone Capital Management LLC boosted its stake in shares of 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 purchasing an additional 6 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of FedEx Corporation by 1.0% in the 1st quarter. Guardian Life Insurance Co. of America now owns 943 shares of the shipping service provider’s stock valued at $184,000 after purchasing an additional 9 shares during the last quarter. Park National Corp OH boosted its stake in shares of FedEx Corporation by 0.9% in the 2nd quarter. Park National Corp OH now owns 1,178 shares of the shipping service provider’s stock valued at $256,000 after purchasing an additional 10 shares during the last quarter. Finally, Alexandria Capital LLC boosted its stake in shares of 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 purchasing an additional 13 shares during the last quarter. 76.22% of the stock is currently owned by hedge funds and other institutional investors.

In other FedEx Corporation news, CEO Michael L. Ducker sold 14,964 shares of FedEx Corporation stock in a transaction on Friday, September 29th. The shares were sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the completion of the transaction, 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 SEC, which is available at the SEC website. Also, insider Henry J. Maier sold 11,150 shares of FedEx Corporation stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the transaction, the insider now directly owns 36,747 shares of the company’s stock, valued at $8,395,219.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,094 shares of company stock valued at $9,024,637. Company insiders own 8.45% of the company’s stock.

FedEx Corporation (NYSE FDX) opened at $216.00 on Friday. 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 52-week low of $182.89 and a 52-week high of $231.35. The company has a market cap of $57,919.97, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.36 and a beta of 1.37.

FedEx Corporation (NYSE:FDX) last released its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 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 company had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. During the same period last year, the firm earned $2.90 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities analysts predict that FedEx Corporation will post 12.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. FedEx Corporation’s dividend payout ratio (DPR) is 18.87%.

Several research firms recently weighed in on FDX. Cowen and Company reissued an “outperform” rating and set a $240.00 price objective on shares of FedEx Corporation in a research note on Friday, October 13th. Stifel Nicolaus reissued a “neutral” rating on shares of FedEx Corporation in a research note on Wednesday, August 16th. Citigroup Inc. reissued a “buy” rating and set a $235.00 price objective on shares of FedEx Corporation in a research note on Thursday, September 14th. Bank of America Corporation reissued a “buy” rating and set a $240.00 price objective on shares of FedEx Corporation in a research note on Wednesday, September 20th. Finally, Vetr lowered shares of FedEx Corporation to a “sell” rating and set a $204.84 price objective on the stock. in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $230.21.

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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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