Detalus Advisors LLC Has $329,000 Stake in FedEx Co. (NYSE:FDX)

Detalus Advisors LLC lessened its position in FedEx Co. (NYSE:FDX) by 24.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,203 shares of the shipping service provider’s stock after selling 399 shares during the period. Detalus Advisors LLC’s holdings in FedEx were worth $329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FDX. Central Valley Advisors LLC bought a new stake in FedEx in the second quarter valued at approximately $39,000. Abound Wealth Management raised 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 acquiring an additional 95 shares during the period. Sachetta LLC lifted its holdings in FedEx by 29.1% during the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after purchasing an additional 37 shares during the last quarter. ORG Partners LLC bought a new position in FedEx during the second quarter worth $50,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of FedEx in the second quarter valued at $56,000. 84.47% of the stock is owned by institutional investors.

FedEx Trading Down 0.7 %

NYSE:FDX traded down $1.79 during mid-day trading on Wednesday, hitting $268.00. 392,718 shares of the company’s stock were exchanged, compared to its average volume of 1,836,595. FedEx Co. has a fifty-two week low of $224.69 and a fifty-two week high of $313.84. 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 firm has a market capitalization of $65.95 billion, a P/E ratio of 15.65, a PEG ratio of 1.06 and a beta of 1.17. The company has a 50 day simple moving average of $279.63 and a 200-day simple moving average of $274.90.

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 analyst estimates of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. FedEx’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $4.55 EPS. As a group, research analysts expect that FedEx Co. will post 19.6 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Monday, September 9th. FedEx’s dividend payout ratio is presently 32.04%.

Wall Street Analyst Weigh In

Several analysts recently commented on FDX shares. Argus lifted their target price on shares of FedEx from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Stifel Nicolaus reduced their price objective on FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a report on Friday, September 20th. Loop Capital lowered their target price on FedEx from $317.00 to $288.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Bernstein Bank boosted their price target on FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Finally, StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.