Mizuho Securities USA LLC Has $4 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Mizuho Securities USA LLC lessened its stake in shares of FedEx Co. (NYSE:FDXFree Report) by 16.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,614 shares of the shipping service provider’s stock after selling 2,839 shares during the period. Mizuho Securities USA LLC’s holdings in FedEx were worth $4,000,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Integrated Investment Consultants LLC raised its position in FedEx by 7.5% during the 3rd quarter. Integrated Investment Consultants LLC now owns 2,116 shares of the shipping service provider’s stock worth $579,000 after purchasing an additional 148 shares during the last quarter. German American Bancorp Inc. increased its stake in FedEx by 7.3% in the 3rd quarter. German American Bancorp Inc. now owns 26,091 shares of the shipping service provider’s stock valued at $7,141,000 after buying an additional 1,778 shares during the last quarter. Cypress Capital Group increased its holdings in FedEx by 0.9% during the third quarter. Cypress Capital Group now owns 8,806 shares of the shipping service provider’s stock worth $2,410,000 after buying an additional 76 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of FedEx during the 3rd quarter valued at $1,941,000. Finally, Cornerstone Advisors LLC raised its position in shares of FedEx by 2.8% in the third quarter. Cornerstone Advisors LLC now owns 7,400 shares of the shipping service provider’s stock valued at $2,025,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Up 2.5 %

NYSE:FDX opened at $295.34 on Friday. The stock has a market cap of $72.16 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.22 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The business has a fifty day moving average of $276.07 and a 200-day moving average of $277.14.

FedEx (NYSE:FDXGet Free Report) last announced its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter in the prior year, the company earned $4.55 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts predict that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 1.87%. FedEx’s payout ratio is 34.05%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FDX. HSBC lowered shares of 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. Stifel Nicolaus decreased their price target on shares of FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Daiwa America cut shares of FedEx from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. Bank of America lowered their price target on FedEx from $347.00 to $345.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, Stephens reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of FedEx in a research note on Friday, September 20th. Two research 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.com, FedEx has an average rating of “Moderate Buy” and an average target price of $316.04.

Get Our Latest Stock Report on FedEx

FedEx Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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