Baxter Bros Inc. Has $2.95 Million Holdings in FedEx Co. (NYSE:FDX)

Baxter Bros Inc. lessened its position in shares of FedEx Co. (NYSE:FDX) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,782 shares of the shipping service provider’s stock after selling 198 shares during the quarter. Baxter Bros Inc.’s holdings in FedEx were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of FedEx during the 1st quarter worth approximately $1,667,000. Allegheny Financial Group LTD acquired a new stake in FedEx in the 1st quarter valued at $203,000. Hilltop National Bank acquired a new stake in FedEx in the 1st quarter valued at $476,000. Csenge Advisory Group raised its position in FedEx by 14.9% in the 1st quarter. Csenge Advisory Group now owns 2,297 shares of the shipping service provider’s stock valued at $666,000 after purchasing an additional 298 shares during the last quarter. Finally, Czech National Bank raised its position in 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. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Up 0.2 %

NYSE FDX opened at $274.35 on Friday. 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 company has a market capitalization of $67.03 billion, a PE ratio of 16.92, a P/E/G ratio of 1.10 and a beta of 1.17. The stock has a 50-day simple moving average of $277.10 and a 200 day simple moving average of $275.03.

FedEx (NYSE:FDX) last posted 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). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. During the same period in the previous year, the firm posted $4.55 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Research analysts forecast that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were paid a $1.38 dividend. The ex-dividend date was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.01%. FedEx’s payout ratio is 34.05%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FDX shares. Hsbc Global Res downgraded FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Stifel Nicolaus cut their price objective on FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Bank of America cut their price objective on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, TD Cowen cut their price objective on FedEx from $334.00 to $328.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus price target of $314.17.

FedEx Company 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.