FedEx Co. (NYSE:FDX) Shares Acquired by Swedbank AB

Swedbank AB boosted its holdings in FedEx Co. (NYSE:FDX) by 0.4% during the third quarter, HoldingsChannel.com reports. The fund owned 111,426 shares of the shipping service provider’s stock after acquiring an additional 403 shares during the period. Swedbank AB’s holdings in FedEx were worth $30,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDX. Silvercrest Asset Management Group LLC bought a new position in FedEx in the 1st quarter worth approximately $629,000. Waverly Advisors LLC grew its holdings in shares of FedEx by 124.6% in the 1st quarter. Waverly Advisors LLC now owns 3,522 shares of the shipping service provider’s stock worth $1,021,000 after acquiring an additional 1,954 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in FedEx by 15.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,944 shares of the shipping service provider’s stock worth $3,711,000 after buying an additional 1,894 shares during the period. Motley Fool Asset Management LLC raised its holdings in shares of FedEx by 6.6% during the first quarter. Motley Fool Asset Management LLC now owns 7,383 shares of the shipping service provider’s stock valued at $2,139,000 after acquiring an additional 460 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of FedEx by 77.9% in the first quarter. Tidal Investments LLC now owns 17,530 shares of the shipping service provider’s stock valued at $5,079,000 after purchasing an additional 7,678 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FDX. Bank of America reduced their price target on shares of FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Raymond James cut their target price on FedEx from $335.00 to $330.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Barclays increased their price objective on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their target price on FedEx from $359.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Finally, StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus target price of $316.04.

FedEx Stock Performance

NYSE:FDX opened at $304.86 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $276.59 and a 200 day moving average price of $277.98. The firm has a market capitalization of $74.48 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.25 and a beta of 1.17. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84.

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 analysts’ consensus estimates of $4.82 by ($1.22). The company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.55 earnings per share. Research analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.81%. The ex-dividend date is Monday, December 9th. FedEx’s dividend payout ratio 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.