Physicians Financial Services Inc. Purchases 100 Shares of FedEx Co. (NYSE:FDX)

Physicians Financial Services Inc. raised its holdings in shares of FedEx Co. (NYSE:FDX) by 1.4% during the third quarter, Holdings Channel reports. The fund owned 7,152 shares of the shipping service provider’s stock after buying an additional 100 shares during the period. Physicians Financial Services Inc.’s holdings in FedEx were worth $1,957,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FDX. Evermay Wealth Management LLC lifted its stake in shares of FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after acquiring an additional 40 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of FedEx in the third quarter worth approximately $31,000. Central Valley Advisors LLC purchased a new position in shares of FedEx in the second quarter worth $39,000. Abound Wealth Management raised its holdings in FedEx by 175.9% during 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 during the last quarter. Finally, Sachetta LLC grew its holdings in FedEx by 29.1% in the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after acquiring an additional 37 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FDX has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their price target on FedEx from $333.00 to $332.00 in a report on Friday, September 20th. Morgan Stanley downgraded shares of FedEx from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $215.00 to $200.00 in a research report on Friday, September 20th. Daiwa America lowered FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Robert W. Baird lowered their price target on shares of FedEx from $340.00 to $320.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Finally, Susquehanna lowered their price objective on FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $314.17.

FedEx Price Performance

Shares of NYSE:FDX traded up $2.05 during midday trading on Friday, reaching $285.26. 141,847 shares of the company were exchanged, compared to its average volume of 1,805,705. The stock has a market cap of $69.69 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.09 and a beta of 1.17. The business’s fifty day moving average is $275.86 and its two-hundred day moving average is $275.26. FedEx Co. has a one year low of $234.45 and a one year 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.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.82 by ($1.22). The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm’s revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $4.55 earnings per share. As a group, analysts predict that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently disclosed 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 1.94%. The ex-dividend date was Monday, September 9th. FedEx’s dividend payout ratio (DPR) is 34.05%.

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.