Vishria Bird Financial Group LLC Buys 14,879 Shares of FedEx Co. (NYSE:FDX)

Vishria Bird Financial Group LLC boosted its stake in shares of FedEx Co. (NYSE:FDX) by 18.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,139 shares of the shipping service provider’s stock after purchasing an additional 14,879 shares during the period. FedEx accounts for about 9.9% of Vishria Bird Financial Group LLC’s investment portfolio, making the stock its biggest holding. Vishria Bird Financial Group LLC’s holdings in FedEx were worth $26,038,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Coastline Trust Co lifted its position in FedEx by 4.2% during the third quarter. Coastline Trust Co now owns 4,405 shares of the shipping service provider’s stock worth $1,206,000 after acquiring an additional 176 shares during the last quarter. KCM Investment Advisors LLC boosted its stake in FedEx by 3.3% in the 3rd quarter. KCM Investment Advisors LLC now owns 6,615 shares of the shipping service provider’s stock valued at $1,810,000 after purchasing an additional 214 shares during the period. Empowered Funds LLC lifted its holdings in shares of FedEx by 85.4% during the third quarter. Empowered Funds LLC now owns 8,944 shares of the shipping service provider’s stock worth $2,448,000 after buying an additional 4,121 shares in the last quarter. Empirical Finance LLC boosted its position in shares of FedEx by 2.0% in the third quarter. Empirical Finance LLC now owns 8,044 shares of the shipping service provider’s stock valued at $2,201,000 after acquiring an additional 156 shares during the period. Finally, Signature Estate & Investment Advisors LLC grew its stake in shares of FedEx by 18.3% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,956 shares of the shipping service provider’s stock valued at $535,000 after acquiring an additional 302 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FDX shares. BMO Capital Markets dropped their price target on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a research report on Friday, September 20th. Bernstein Bank upped their price objective on shares of FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Stifel Nicolaus decreased their target price on shares of FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Barclays boosted their target price on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Raymond James decreased their price objective on shares of FedEx from $335.00 to $330.00 and set a “buy” rating on the stock 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 given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $316.04.

FedEx Stock Up 0.7 %

FedEx stock opened at $294.46 on Friday. 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 stock has a market cap of $71.94 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.17 and a beta of 1.17. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The firm’s 50-day simple moving average is $275.40 and its 200 day simple moving average is $276.27.

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). The business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $4.55 earnings per share. Research analysts predict that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.87%. FedEx’s dividend payout ratio (DPR) is presently 34.05%.

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.