IFC Holdings Incorporated FL raised its holdings in shares of FedEx Corporation (NYSE:FDX) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,915 shares of the shipping service provider’s stock after buying an additional 27 shares during the period. IFC Holdings Incorporated FL’s holdings in FedEx Corporation were worth $4,772,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted 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 in the last quarter. BlackRock Inc. lifted 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 in the last quarter. Geode Capital Management LLC lifted 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 in the last quarter. Harbour Capital Advisors LLC lifted 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 in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in FedEx Corporation by 28.8% during the first quarter. TIAA CREF Investment Management LLC now owns 1,396,492 shares of the shipping service provider’s stock valued at $272,525,000 after buying an additional 312,272 shares in the last quarter. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

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

A number of research firms have recently commented on FDX. Stifel Nicolaus reissued a “hold” rating and set a $221.00 target price (up from $216.00) on shares of FedEx Corporation in a research report on Wednesday. Bank of America Corporation reissued a “buy” rating and set a $240.00 target price on shares of FedEx Corporation in a research report on Wednesday. Wells Fargo & Company boosted their target price on shares of FedEx Corporation from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday. Cowen and Company reissued a “buy” rating and set a $240.00 target price on shares of FedEx Corporation in a research report on Tuesday, July 11th. Finally, Loop Capital reissued a “buy” rating and set a $234.00 target price on shares of FedEx Corporation in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $225.26.

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Shares of FedEx Corporation (NYSE:FDX) opened at 220.00 on Friday. FedEx Corporation has a one year low of $168.00 and a one year high of $220.95. The firm has a 50-day moving average of $210.17 and a 200-day moving average of $202.36. The firm has a market capitalization of $58.99 billion, a P/E ratio of 20.74 and a beta of 1.28.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.66). The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. FedEx Corporation’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.90 EPS. On average, equities analysts predict that FedEx Corporation will post $12.78 earnings per share for the current fiscal year.

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

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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