FedEx Co. (NYSE:FDX) Shares Acquired by Stonebrook Private Inc.

Stonebrook Private Inc. increased its position in shares of FedEx Co. (NYSE:FDX) by 8.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 743 shares of the shipping service provider’s stock after buying an additional 56 shares during the period. Stonebrook Private Inc.’s holdings in FedEx were worth $203,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nwam LLC acquired a new stake in FedEx in the third quarter valued at approximately $387,000. Meridian Wealth Management LLC grew its stake in FedEx by 7.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 803 shares of the shipping service provider’s stock valued at $220,000 after acquiring an additional 55 shares during the period. Raymond James Trust N.A. increased its holdings in FedEx by 6.0% in the 3rd quarter. Raymond James Trust N.A. now owns 11,823 shares of the shipping service provider’s stock worth $3,236,000 after acquiring an additional 667 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in FedEx by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock worth $397,267,000 after acquiring an additional 13,093 shares during the period. Finally, L & S Advisors Inc lifted its holdings in FedEx by 19.2% during the third quarter. L & S Advisors Inc now owns 9,253 shares of the shipping service provider’s stock valued at $2,532,000 after purchasing an additional 1,493 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Up 1.6 %

Shares of FDX stock opened at $299.97 on Friday. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The firm has a market cap of $73.29 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.17. The company has a 50-day moving average of $276.34 and a two-hundred day moving average of $277.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share 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 for the quarter, compared to analysts’ expectations of $21.87 billion. During the same period in the previous year, the business posted $4.55 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts predict that FedEx Co. will post 19.59 EPS for the current year.

FedEx Announces Dividend

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 paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, December 9th. FedEx’s payout ratio is 34.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. BMO Capital Markets cut their target price on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a research note on Friday, September 20th. The Goldman Sachs Group reduced their target price on FedEx from $333.00 to $332.00 in a report on Friday, September 20th. Daiwa America lowered FedEx from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Bank of America reduced their price objective on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, Citigroup lifted their target price 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.04.

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.