Chicago Partners Investment Group LLC Buys 51 Shares of FedEx Co. (NYSE:FDX)

Chicago Partners Investment Group LLC grew its holdings in shares of FedEx Co. (NYSE:FDX) by 3.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,639 shares of the shipping service provider’s stock after buying an additional 51 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in FedEx were worth $439,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Evermay Wealth Management LLC lifted its holdings in shares of FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of FedEx during the 3rd quarter worth about $31,000. Central Valley Advisors LLC purchased a new stake in shares of FedEx during the 2nd quarter worth about $39,000. Abound Wealth Management lifted its stake in FedEx by 175.9% in the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after buying an additional 95 shares in the last quarter. Finally, Sachetta LLC lifted its stake in FedEx by 29.1% in the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX stock opened at $271.18 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. The company has a market capitalization of $66.25 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.10 and a beta of 1.17. The company’s 50 day moving average price is $276.58 and its two-hundred day moving average price is $275.17. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same period in the prior year, the business posted $4.55 earnings per share. FedEx’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts expect that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 9th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Monday, September 9th. FedEx’s dividend payout ratio (DPR) is presently 34.05%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Bank of America cut their price target on shares of FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Bernstein Bank boosted their price target on shares of FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Raymond James reduced their price target on shares of FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Finally, TD Cowen dropped their price objective on shares of FedEx from $334.00 to $328.00 and set a “buy” rating 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 given a buy rating to the company. According to data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average target price 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.