FedEx Co. (NYSE:FDX) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its holdings in FedEx Co. (NYSE:FDX) by 11.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,935 shares of the shipping service provider’s stock after buying an additional 514 shares during the period. Coldstream Capital Management Inc.’s holdings in FedEx were worth $1,357,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Czech National Bank lifted its stake in shares of FedEx by 6.4% in the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock valued at $12,564,000 after purchasing an additional 2,767 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of FedEx in the 2nd quarter valued at $9,226,000. Raymond James & Associates lifted its stake in FedEx by 6.9% during the 3rd quarter. Raymond James & Associates now owns 485,698 shares of the shipping service provider’s stock worth $132,926,000 after acquiring an additional 31,241 shares in the last quarter. Versor Investments LP acquired a new position in FedEx during the 3rd quarter worth about $2,096,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in FedEx by 0.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider’s stock worth $465,031,000 after acquiring an additional 11,100 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FDX. JPMorgan Chase & Co. increased their target price on FedEx from $350.00 to $366.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Bank of America decreased their target price on FedEx from $347.00 to $345.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Loop Capital decreased their target price on FedEx from $317.00 to $288.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Susquehanna decreased their target price on FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. Finally, Morgan Stanley lowered FedEx from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $215.00 to $200.00 in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $316.68.

FedEx Trading Up 0.6 %

FDX opened at $281.08 on Thursday. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The company has a market cap of $68.67 billion, a P/E ratio of 17.34, a PEG ratio of 1.17 and a beta of 1.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. The business’s 50-day simple moving average is $280.13 and its 200-day simple moving average is $280.60.

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

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be given a $1.38 dividend. The ex-dividend date is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.96%. FedEx’s dividend payout ratio (DPR) is presently 34.05%.

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.