EagleClaw Capital Managment LLC Purchases 120 Shares of FedEx Co. (NYSE:FDX)

EagleClaw Capital Managment LLC increased its position in FedEx Co. (NYSE:FDX) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,823 shares of the shipping service provider’s stock after acquiring an additional 120 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in FedEx were worth $5,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of FedEx by 1.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,935 shares of the shipping service provider’s stock valued at $1,077,000 after purchasing an additional 52 shares during the last quarter. PCJ Investment Counsel Ltd. purchased a new stake in FedEx during the third quarter valued at approximately $1,669,000. MWA Asset Management bought a new position in FedEx in the third quarter worth approximately $658,000. Segall Bryant & Hamill LLC purchased a new position in shares of FedEx during the 3rd quarter worth $12,195,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of FedEx in the 3rd quarter worth $115,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 0.1 %

FDX traded down $0.26 on Wednesday, hitting $292.80. The company had a trading volume of 15,762 shares, compared to its average volume of 1,794,944. The business’s fifty day simple moving average is $275.82 and its 200 day simple moving average is $276.94. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The company has a market cap of $71.54 billion, a PE ratio of 18.08, a PEG ratio of 1.23 and a beta of 1.17.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $4.55 EPS. FedEx’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts expect that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 1.89%. FedEx’s payout ratio is 34.05%.

Analyst Ratings Changes

Several equities analysts recently weighed in on FDX shares. JPMorgan Chase & Co. lowered their target price on FedEx from $359.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. TD Cowen reduced their target price on shares of FedEx from $334.00 to $328.00 and set a “buy” rating for the company in a report on Friday, September 20th. Daiwa America downgraded shares of FedEx from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. Citigroup increased their price objective on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, HSBC cut shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price on the stock. in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.04.

About FedEx

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.