US Bancorp DE Acquires 910 Shares of FedEx Co. (NYSE:FDX)

US Bancorp DE grew its holdings in shares of FedEx Co. (NYSE:FDX) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,634 shares of the shipping service provider’s stock after buying an additional 910 shares during the period. US Bancorp DE’s holdings in FedEx were worth $31,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evermay Wealth Management LLC raised its holdings in FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Highline Wealth Partners LLC bought a new stake in FedEx during the 3rd quarter valued at approximately $31,000. Central Valley Advisors LLC bought a new stake in FedEx during the 2nd quarter valued at approximately $39,000. Abound Wealth Management grew its holdings in shares of FedEx by 175.9% during the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock worth $45,000 after acquiring an additional 95 shares during the period. Finally, Sachetta LLC raised its position in shares of FedEx by 29.1% in the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 0.2 %

NYSE:FDX opened at $274.34 on Friday. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The business has a fifty day moving average price of $277.10 and a 200-day moving average price of $274.96. The firm has a market capitalization of $67.03 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.10 and a beta of 1.17. 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 issued its quarterly 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 in the previous year, the company earned $4.55 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts forecast that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

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

Wall Street Analysts Forecast Growth

FDX has been the topic of a number of research reports. Bank of America dropped their target price on shares of FedEx from $347.00 to $345.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. UBS Group cut their price objective on shares of FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. BMO Capital Markets decreased their target price on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a report on Friday, September 20th. Hsbc Global Res cut shares of FedEx from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, HSBC lowered shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price objective for the company. in a report on Friday, September 20th. Two equities 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.