Missouri Trust & Investment Co Has $1.39 Million Stock Position in FedEx Co. (NYSE:FDX)

Missouri Trust & Investment Co lifted its stake in shares of FedEx Co. (NYSE:FDX) by 4.8% during the third quarter, HoldingsChannel reports. The firm owned 5,065 shares of the shipping service provider’s stock after acquiring an additional 230 shares during the quarter. Missouri Trust & Investment Co’s holdings in FedEx were worth $1,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors boosted its holdings in shares of FedEx by 32.5% during the 1st quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock worth $2,558,718,000 after buying an additional 2,163,622 shares during the period. Vanguard Group Inc. increased its holdings in shares of FedEx by 5.6% during the first quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock worth $5,756,602,000 after purchasing an additional 1,056,061 shares during the period. International Assets Investment Management LLC raised its position in shares of FedEx by 473.8% in the third quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock valued at $2,147,540,000 after buying an additional 647,926 shares in the last quarter. Ameriprise Financial Inc. grew its position in FedEx by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock worth $674,336,000 after buying an additional 578,350 shares in the last quarter. Finally, Ceredex Value Advisors LLC raised its stake in FedEx by 77.8% during the third quarter. Ceredex Value Advisors LLC now owns 368,107 shares of the shipping service provider’s stock worth $101,022,000 after acquiring an additional 161,022 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Stock Performance

FDX stock traded down $2.22 on Tuesday, hitting $287.57. The company had a trading volume of 171,842 shares, compared to its average volume of 1,804,391. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock’s 50-day simple moving average is $275.18 and its 200 day simple moving average is $275.69. The stock has a market cap of $70.26 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 1.15 and a beta of 1.17.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $21.87 billion. During the same quarter in the prior year, the business posted $4.55 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts expect that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 9th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Monday, September 9th. FedEx’s dividend payout ratio (DPR) is 34.05%.

Wall Street Analyst Weigh In

FDX has been the subject of several recent research reports. Stephens reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of FedEx in a research note on Friday, September 20th. Hsbc Global Res downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. StockNews.com downgraded FedEx from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Bernstein Bank lifted their price target on shares of FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Finally, UBS Group cut their price target on FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $314.17.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.