Schulhoff & Co. Inc. Has $360,000 Stake in FedEx Co. (NYSE:FDX)

Schulhoff & Co. Inc. boosted its holdings in FedEx Co. (NYSE:FDX) by 61.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,315 shares of the shipping service provider’s stock after purchasing an additional 500 shares during the quarter. Schulhoff & Co. Inc.’s holdings in FedEx were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDX. Koshinski Asset Management Inc. raised its holdings in shares of FedEx by 13.2% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,548 shares of the shipping service provider’s stock worth $448,000 after acquiring an additional 180 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in shares of FedEx by 5.1% in the first quarter. HBK Sorce Advisory LLC now owns 3,576 shares of the shipping service provider’s stock worth $1,036,000 after purchasing an additional 172 shares during the last quarter. ProVise Management Group LLC bought a new position in shares of FedEx in the first quarter valued at approximately $209,000. GM Advisory Group LLC boosted its position in shares of FedEx by 4.0% during the first quarter. GM Advisory Group LLC now owns 4,196 shares of the shipping service provider’s stock valued at $1,216,000 after buying an additional 160 shares during the last quarter. Finally, Tocqueville Asset Management L.P. grew its holdings in FedEx by 1.5% during the first quarter. Tocqueville Asset Management L.P. now owns 187,729 shares of the shipping service provider’s stock worth $54,393,000 after buying an additional 2,803 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on FDX shares. Bernstein Bank raised their price objective on FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. The Goldman Sachs Group dropped their price target on shares of FedEx from $333.00 to $332.00 in a research report on Friday, September 20th. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Wednesday. 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 report on Tuesday. Finally, Morgan Stanley downgraded FedEx from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $215.00 to $200.00 in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average target price of $316.04.

FedEx Stock Up 1.7 %

FDX opened at $292.08 on Thursday. 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 $71.36 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.15 and a beta of 1.17. 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 50 day moving average of $275.04 and a 200 day moving average of $275.95.

FedEx (NYSE:FDX) last posted 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 the consensus estimate of $21.87 billion. During the same period in the previous year, the business earned $4.55 earnings per share. FedEx’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts expect that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, September 9th. FedEx’s dividend payout ratio is presently 34.05%.

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.