First Allied Advisory Services Inc. cut its stake in FedEx Co. (NYSE:FDX) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,747 shares of the shipping service provider’s stock after selling 284 shares during the period. First Allied Advisory Services Inc.’s holdings in FedEx were worth $1,751,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FDX. Harbour Capital Advisors LLC increased its holdings in FedEx by 21,011.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,424,815 shares of the shipping service provider’s stock valued at $6,556,000 after purchasing an additional 1,418,066 shares in the last quarter. Davis Selected Advisers increased its holdings in FedEx by 265.4% during the 2nd quarter. Davis Selected Advisers now owns 1,684,618 shares of the shipping service provider’s stock valued at $366,118,000 after purchasing an additional 1,223,646 shares in the last quarter. Janus Henderson Group PLC increased its holdings in FedEx by 381.6% during the 2nd quarter. Janus Henderson Group PLC now owns 883,117 shares of the shipping service provider’s stock valued at $191,934,000 after purchasing an additional 699,728 shares in the last quarter. Jackson Square Partners LLC increased its holdings in FedEx by 28.7% during the 2nd quarter. Jackson Square Partners LLC now owns 2,905,839 shares of the shipping service provider’s stock valued at $631,525,000 after purchasing an additional 647,401 shares in the last quarter. Finally, Winslow Capital Management LLC acquired a new stake in FedEx during the 2nd quarter valued at $138,993,000. 75.60% of the stock is owned by institutional investors and hedge funds.

FedEx Co. (FDX) opened at $251.07 on Thursday. 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 firm has a market capitalization of $65,036.54, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.53 and a beta of 1.36. FedEx Co. has a twelve month low of $182.89 and a twelve month high of $253.24.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.29. The firm had revenue of $16.30 billion for the quarter, compared to analyst estimates of $15.67 billion. FedEx had a return on equity of 20.91% and a net margin of 4.74%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.80 earnings per share. equities analysts predict that FedEx Co. will post 12.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, December 8th. This represents a $2.00 annualized dividend and a yield of 0.80%. FedEx’s dividend payout ratio is presently 18.43%.

A number of research firms recently weighed in on FDX. Wells Fargo & Company set a $275.00 price target on FedEx and gave the company a “buy” rating in a report on Wednesday. Oppenheimer reaffirmed a “buy” rating and set a $265.00 price target (up from $236.00) on shares of FedEx in a report on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and set a $278.00 price target (up from $233.00) on shares of FedEx in a report on Thursday, December 14th. Stephens set a $306.00 price target on FedEx and gave the company a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein set a $236.00 price target on FedEx and gave the company a “hold” rating in a report on Wednesday. One investment 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’s stock. The company has an average rating of “Buy” and an average price target of $248.01.

In other FedEx news, insider Henry J. Maier sold 11,150 shares of FedEx stock in a transaction dated 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 in the company, valued at $8,395,219.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael L. Ducker sold 14,964 shares of FedEx stock in a transaction dated 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 transaction, the chief executive officer now 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 have sold 30,094 shares of company stock worth $6,824,637. Corporate insiders own 8.45% of the company’s stock.

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FedEx 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 (NYSE:FDX)

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