Vickerman Investment Advisors Inc. Sells 270 Shares of FedEx Co. (NYSE:FDX)

Vickerman Investment Advisors Inc. decreased its holdings in FedEx Co. (NYSE:FDX) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,042 shares of the shipping service provider’s stock after selling 270 shares during the quarter. FedEx makes up about 1.0% of Vickerman Investment Advisors Inc.’s investment portfolio, making the stock its 29th largest position. Vickerman Investment Advisors Inc.’s holdings in FedEx were worth $3,569,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Graypoint LLC raised its position in FedEx by 8.9% in the 3rd quarter. Graypoint LLC now owns 1,726 shares of the shipping service provider’s stock valued at $472,000 after purchasing an additional 141 shares during the last quarter. Radnor Capital Management LLC raised its position in shares of FedEx by 11.2% during the third quarter. Radnor Capital Management LLC now owns 8,447 shares of the shipping service provider’s stock worth $2,312,000 after acquiring an additional 849 shares during the last quarter. Catalina Capital Group LLC bought a new stake in shares of FedEx during the third quarter worth $202,000. Avidian Wealth Enterprises LLC raised its position in shares of FedEx by 12.1% during the third quarter. Avidian Wealth Enterprises LLC now owns 2,358 shares of the shipping service provider’s stock worth $645,000 after acquiring an additional 254 shares during the last quarter. Finally, FSM Wealth Advisors LLC raised its position in shares of FedEx by 3.9% during the third quarter. FSM Wealth Advisors LLC now owns 1,113 shares of the shipping service provider’s stock worth $305,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 1.7 %

Shares of NYSE:FDX opened at $280.06 on Thursday. The firm has a market cap of $68.42 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.09 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The business has a fifty day simple moving average of $275.86 and a 200 day simple moving average of $275.26.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share 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 business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. During the same quarter in the previous year, the business posted $4.55 earnings per share. The business’s revenue was down .5% on a year-over-year basis. Analysts predict that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a yield of 1.97%. FedEx’s payout ratio is currently 34.05%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of recent research reports. Hsbc Global Res downgraded FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Raymond James dropped their target price on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a research report on Friday, September 20th. HSBC downgraded FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price for the company. in a research report on Friday, September 20th. Daiwa America cut FedEx from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, BMO Capital Markets decreased their price objective on FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $314.17.

About FedEx

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.