BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Position in FedEx Co. (NYSE:FDX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in FedEx Co. (NYSE:FDX) by 7.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 255,864 shares of the shipping service provider’s stock after buying an additional 18,042 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in FedEx were worth $76,718,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of FedEx during the fourth quarter valued at approximately $700,291,000. Capital International Investors grew its holdings in FedEx by 32.5% during the 1st quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock valued at $2,558,718,000 after purchasing an additional 2,163,622 shares in the last quarter. Sentry LLC purchased a new stake in FedEx during the 4th quarter worth $307,007,000. Vanguard Group Inc. lifted its holdings in FedEx by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock worth $5,756,602,000 after buying an additional 1,056,061 shares in the last quarter. Finally, Putnam Investments LLC boosted its position in FedEx by 38.1% in the 4th quarter. Putnam Investments LLC now owns 2,893,781 shares of the shipping service provider’s stock valued at $732,040,000 after buying an additional 798,084 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FedEx

In other news, EVP Brie Carere sold 1,958 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the transaction, the executive vice president now owns 19,937 shares of the company’s stock, valued at $6,189,042.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Brie Carere sold 1,958 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the sale, the executive vice president now directly owns 19,937 shares of the company’s stock, valued at approximately $6,189,042.91. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul S. Walsh sold 2,535 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $294.72, for a total transaction of $747,115.20. Following the transaction, the director now owns 14,745 shares in the company, valued at approximately $4,345,646.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,944 shares of company stock worth $9,882,355. 8.73% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on FDX shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $327.00 target price (up from $303.00) on shares of FedEx in a research report on Wednesday, June 26th. The Goldman Sachs Group lifted their price objective on FedEx from $316.00 to $333.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Stephens reiterated an “overweight” rating and set a $325.00 target price on shares of FedEx in a research note on Wednesday, June 26th. Argus raised their price target on shares of FedEx from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Morgan Stanley upped their price target on shares of FedEx from $210.00 to $215.00 and gave the company an “equal weight” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $313.96.

FedEx Stock Performance

Shares of NYSE:FDX traded up $2.42 during trading on Friday, hitting $298.67. 1,096,914 shares of the company traded hands, compared to its average volume of 1,804,945. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The business’s fifty day moving average is $292.37 and its 200-day moving average is $269.63. The stock has a market capitalization of $73.50 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.08 and a beta of 1.18. FedEx Co. has a one year low of $224.69 and a one year high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The firm had revenue of $22.11 billion during the quarter, compared to the consensus estimate of $22.04 billion. During the same period in the prior year, the business earned $4.94 EPS. The firm’s revenue was up .8% on a year-over-year basis. As a group, equities analysts predict that FedEx Co. will post 20.94 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $5.52 annualized dividend and a dividend yield of 1.85%. FedEx’s payout ratio is currently 32.04%.

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.