Bank of The Ozarks cut its stake in shares of FedEx Corporation (NYSE:FDX) by 7.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,317 shares of the shipping service provider’s stock after selling 631 shares during the period. FedEx Corporation makes up about 0.6% of Bank of The Ozarks’ holdings, making the stock its 29th biggest position. Bank of The Ozarks’ holdings in FedEx Corporation were worth $1,808,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in FedEx Corporation by 5.4% during the first quarter. Vanguard Group Inc. now owns 17,997,225 shares of the shipping service provider’s stock valued at $3,512,158,000 after buying an additional 918,896 shares during the period. BlackRock Inc. raised its position in FedEx Corporation by 1,912.1% during the first quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock valued at $2,892,768,000 after buying an additional 14,086,601 shares during the period. Jennison Associates LLC raised its position in FedEx Corporation by 5.4% during the first quarter. Jennison Associates LLC now owns 3,429,971 shares of the shipping service provider’s stock valued at $669,359,000 after buying an additional 175,777 shares during the period. Geode Capital Management LLC raised its position in FedEx Corporation by 8.4% during the first quarter. Geode Capital Management LLC now owns 2,236,044 shares of the shipping service provider’s stock valued at $435,698,000 after buying an additional 173,544 shares during the period. Finally, Harbour Capital Advisors LLC raised its position in FedEx Corporation by 21,011.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,424,815 shares of the shipping service provider’s stock valued at $6,556,000 after buying an additional 1,418,066 shares during the period. 75.84% of the stock is currently owned by institutional investors.

Shares of FedEx Corporation (NYSE:FDX) opened at 218.83 on Friday. The company has a market cap of $58.70 billion, a P/E ratio of 19.77 and a beta of 1.28. FedEx Corporation has a 52 week low of $168.00 and a 52 week high of $220.77. The company’s 50-day moving average price is $210.17 and its 200 day moving average price is $202.36. FedEx Corporation also was the target of some unusual options trading activity on Wednesday. Investors bought 15,812 put options on the stock. This represents an increase of 524% compared to the typical volume of 2,532 put options.

FedEx Corporation (NYSE:FDX) last announced its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.66). FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The firm had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.35 billion. During the same quarter in the prior year, the firm earned $2.90 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts forecast that FedEx Corporation will post $12.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 8th. This represents a $2.00 annualized dividend and a yield of 0.91%. FedEx Corporation’s dividend payout ratio is currently 18.87%.

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In other FedEx Corporation news, Director John A. Edwardson sold 2,208 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $208.14, for a total transaction of $459,573.12. Following the completion of the transaction, the director now directly owns 30,608 shares in the company, valued at $6,370,749.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kim Jabal sold 609 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $216.13, for a total transaction of $131,623.17. Following the transaction, the director now owns 2,100 shares of the company’s stock, valued at $453,873. The disclosure for this sale can be found here. 8.45% of the stock is owned by insiders.

Several research firms recently weighed in on FDX. UBS AG reissued a “buy” rating and set a $235.00 price target (up from $215.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. Stephens set a $246.00 price target on FedEx Corporation and gave the company an “overweight” rating in a research report on Wednesday, June 21st. Stifel Nicolaus reissued a “neutral” rating on shares of FedEx Corporation in a research report on Wednesday, August 16th. Loop Capital reissued a “buy” rating and set a $260.00 price target (up from $250.00) on shares of FedEx Corporation in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on FedEx Corporation from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. FedEx Corporation currently has an average rating of “Buy” and an average target price of $225.26.

FedEx Corporation 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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